Dallas — CBRE’s Private Capital Group has announced the sale of Josey Rosemeade Shopping Center, an unanchored strip center in Carrollton, Texas.
Located just northwest of the Dallas/Fort Worth metro area in an affluent, densely populated area, the 14,500-sq.-ft. center received more than 20 offers.
“The sale of Josey Rosemead marked a change in the market from our perspective,” said Jennifer Pierson, a senior VP with CBRE. “After 2008, receiving 20 offers on an unanchored strip center only happened for properties with significant upside. Josey Rosemead was 100% leased and the market reacted so positively to it, we can only conclude that we have turned a corner.”
CBRE in Dallas represented the undisclosed seller in the transaction. Josey Rosemeade LLC, an entity affiliated with Raywood Hasten LLC purchased the asset for an undisclosed price.
Additionally, CBRE’s Financial Consulting Group provided financial and analytical consulting for the sale.