REAL ESTATE

Marcus & Millichap promotes Douglas K. Mandel

BY Michael Fickes

Fort Lauderdale, Fla. — Marcus & Millichap Real Estate Investment Services has promoted Douglas K. Mandel to first VP investments. Mandel also serves as senior director of the firm’s National Office and Industrial Properties Group and director of the National Retail Group.

In 2012, Mandel was the firm’s top office and industrial agent nationwide.

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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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