COPPELL TX—CBRE‘s National Retail Investment Group has executed the sale of Coppell Market, a 90,225-square-foot, class A shopping center in the high-growth Dallas suburb.
Phillips Edison & Company purchased the asset from United Commercial Development for an undisclosed price.
The property is located at the corner of North Denton Tap Road and State Highway 121. A 69,800-square-foot Market Street Grocery anchors the 100%-occupied center.
“Coppell Market is another great retail project in a long line of great developments by United Commercial Development,” said Chris Gerard, CBRE SVP. “The Property’s anchor, Market Street, has a stellar sales history in Coppell with annual sales increases, and a dominant location. The property’s new owners, Phillips Edison will enjoy the stability of this center for years to come.”
Gerard and SVP Chris Cozby, based in Dallas, along with VP Kevin Holland, based in Houston, represented the seller.