Consequently, high-quality retail centers possessing a significant degree of credit tenancy with strong tenant sales, such as the Dunes in Monterey Bay, are pushing cap rates into the 4.50% to 5.25% range.

Jeff Schotz has been involved in the leasing of more than 30 million square feet to many of the world's premier corporations, including Microsoft, CBS, Pepsi-Cola, Mutual of New York, JP Morgan Chase, Citicorp, Linde, British Telecom, Newell Brands and Ernst & Young.

More tracts, pads and outparcels are in the works for a power center, the Shops at Broad, in this rapidly growing city of Mansfield that is part of the DFW metro area.