Shopping center fetches $59m.Jeffrey Dunne and Ryan Bassett of the CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of TriState Investment Team recently advised Eagle Road Center LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control in the sale of Eagle Road Shopping Center for $59.3 million or $245 psf. The team was also responsible for procuring the buyer, an entity controlled by the Blumenfeld Development Group, who completed a 1031 exchange requirement. "This was an exciting transaction due to the forward sale component, whereby we began to market the asset in the summer of 2005 before construction had commenced," commented Dunne. Blumenfeld should fair well with this center given its superior location and long-term tenant leases, which shall provide a stable cash flow for the long-term." Eagle Road is a 319,789 s/f retail shopping center located along Eagle Road and Interstate 84 in Danbury, Fairfield County, Connecticut Fairfield County is located in the southwestern corner of the U.S. state of Connecticut. Its population according to the 2000 census was 882,567, but a 2006 survey put the population at 905,000. It is the most populous county in the State of Connecticut. . An additional 4,000 s/f retail pad is planned for the site. |
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