REAL ESTATE

CBRE negotiates sale of Carrollton Shopping Center

BY Michael Fickes

Dallas — CBRE’s Private Capital Group in Dallas has arranged the sale of Hebron Heights Shopping Center in Carrollton, Texas, for an undisclosed amount. The 59,356-sq.-ft. neighborhood shopping center occupies a 10-plus acre site at the corner of Hebron Parkway and Old Denton Road in northwest Dallas.

“The market is very tight right now,” said senior VP Jennifer Pierson. “We are supply constrained, not just in Texas but also across the U.S., so the product we take to market is going very quickly. On this particular asset we had more offers than we have seen on any given deal in the last 24 months.”

Hebron Heights is 87% occupied. Tenants include Tuesday Morning, Dunkin Donuts/Baskin Robins, Just Fitness 4U and Quiznos.

The buyer is an affiliate of the Tabani Group.

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REAL ESTATE

Jones Lang LaSalle adds talent in North Carolina

BY Michael Fickes

Charlotte, N.C. — Jones Lang LaSalle has signed industry veteran Stephanie Moore as VP in its Charlotte office. Moore will work with John Bemis, executive VP and retail lead for the southeast region.

Moore comes to Jones Lang LaSalle from CBRE, where she represented landlords such as Equity One, Tishman Speyer, Behringer Harvard and Grosvenor in acquisitions and dispositions. She also conducted nationwide searches for Max Mara, GAP, Godiva and Hickey Freeman.

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REAL ESTATE

Jones Lang LaSalle brokers Tifton Corners sale

BY Michael Fickes

Atlanta — Jones Lang LaSalle has announced that it has closed the sale of Tifton Corners in Tifton, Ga., to Tifton Retail. JLL represented RCG Ventures in the transaction.

Anchors at the 186,629-sq.-ft. Tifton Corners include Big Lots, Save A Lot, Tractor Supply Co., Dollar Tree, Citi Trends and Hibbett Sports. The property is currently 84% leased.

JLL noted that Tifton is near I-75, a major north-south interstate, in south central Ga., two hours north of Tallahassee and three hours south of Atlanta.

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