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CBRE completes $5.1 million sale of Peoria Marketplace
Peoria, Ariz. -- CBRE has completed the sale of Peoria Marketplace, a 25,481-sq.-ft. multi-tenant shopping center in Peoria, Arizona. The grocery shadow-anchored retail property was sold for $5.1 million.
The seller was G and T Retail Properties, LLC of Phoenix, and the buyer was Westlake Village, California-based Barstow Shopping Centers, LLC.
The property, which was 91% occupied at time of sale, features national tenants like Farmers Insurance, H&R Block, Panda Express, Little Caesar’s Pizza and Subway. -
Cassidy Turley to be acquired by DTZ Investment Consortium
Washington, D.C. -- Real estate brokerage house Cassidy Turley has entered into an agreement with an affiliate of DTZ Investment Holdings to be acquired for an undisclosed sum. The buyer group is comprised of TPG, PAG Asia Capital and Ontario Teachers’ Pension Plan, which is acquiring DTZ and Cassidy Turley, then combining the two into one global company with revenues of more than $2.9 billion and more than 28,200 total employees.
Both acquisitions – of DTZ and of Cassidy Turley – are expected to be completed prior to year-end 2014.