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Mid-America Sells Indianapolis Family Dollar
Indianapolis — Mid-America Real Estate Corp.’s Net Lease Investment Group recently brokered the sale of an 8,320-sq.-ft. Family Dollar in Indianapolis. An investment fund in Texas purchased the property from a private developer for $1.142 million, which is a 7.5% cap rate. The building is leased to Family dollar for 10 years.
The newly constructed Family Dollar is in the Lawrence Commons shopping center anchored by LA Fitness.
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CBRE closes grocery-anchored center sale in Austin
Austin, Texas — CBRE’s National Retail Investment Group has announced the sale of The Market at Parmer Lane on behalf of LPC Retail, a division of Dallas-based Lincoln Property Company. The buyer is a Texas-based private real estate fund advised by Crow Holdings Capital Partners. Terms were undisclosed.
H-E-B Grocery anchors the 122,349-sq.-ft. center, which is 93.3% occupied.