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SRS Real Estate names Phoenix senior VP
Dallas -- SRS Real Estate Partners said that it has named Brad Balbo as senior VP in the company's Phoenix office. Balbo specializes in the leasing, valuation and operations of retail shopping centers, with a focus on the restaurant segment.
Balbo joins SRS from a boutique firm in Scottsdale, and will focus primarily on landlord and tenant representation and investment sales for SRS.
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Washington Property Co. acquires $9.5 million Maryland shopping center
Bethesda, Md. -- Washington Property Company announced it has acquired Ballenger Creek Plaza, a 75,527-sq.-ft. center located in Frederick, Maryland, for $9.5 million.
“Washington Property Company is excited about expanding its retail portfolio with the acquisition of Ballenger Creek Center,” said WPC president Charles K. Nulsen, III. “We plan to renovate and reposition this neighborhood center in the growing submarket of southwestern Frederick.”