It marks one of the largest retail sales this year in the metro area.
"Broadway Marketplace provides an excellent example of stability," Steve Suechting, the Trammell Crow Co. broker who handled the deal, tells GlobeSt.com.
According to Suechting, there are three reasons why stable retail is in such high demand: the poor performance of the stock market, low interest rates provide higher leveraged returns, retail is historically less volatile and hasn't experienced the troughs and peaks of other real estate product types.
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