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Pricing Continues to Change for Core-Plus Retail

DFW remains high on investors’ radars and an opportunistic retail product with a desirable size and scale resulted in a high level of investor interest including the out-of-state buyer of the Vista Ridge assets.

Bed Bath and Beyond One of the primary tenants of Vista Ridge includes Bed Bath and Beyond.

LEWISVILLE, TX—Investors’ radar continues to be laser-focused on DFW for value-add retail assets. To be sure, retail demand is also keen for Houston as a close second.

The recent $48 million acquisition of three shopping centers totaling 359,309 square feet in the Dallas/Ft. Worth and Houston markets are good examples of that demand. The buyers were unidentified.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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