DALLAS-CBRE's National Retail Investment Group arranged the sale of Bryan Towne Center to New Jersey-based Lamar Companies.
The 52,268-square-foot, retail center serves the Bryan-College Station market.
The Target shadow-anchored center, completed in 2009, includes six acres of undeveloped land that can accommodate an additional 230,225 square feet of future retail development. Bryan Towne Center is 66 % occupied and features key tenants Dollar Tree, Rack Room Shoes, Maurice's and rue21.
The center has frontage access to Highway 6, which sees 90,000 vehicles daily, and is less than three miles from Texas A&M University.
CBRE SVP Chris Cozby, andVPs Chris Gerard, and Kevin Holland represented the seller, a subsidiary of BMO Harris Bank, N.A.
The terms of the purchased were not disclosed.
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