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REA
November 29, 2017  

Core-Plus Retail Play Near Dallas

Investors are getting a crack at a grocery-anchored shopping center in an affluent Dallas suburb that could fetch about $60 million.The 246,000-square-foot property, in Colleyville, Texas, is being pitched as a core-plus play. A tenant will vacate 23,000 sf in April, reducing the occupancy rate to 85% from 98%. Investors are being told a buyer could seek to lease the vacant space at higher rents.At the estimated value, the initial annual yield...


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