Commercial Real Estate, Capital, Insurance, Leasing & Management

5 Shopping Center Trades that Went Through During COVID-19

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Franklin Street featured in ICSC coverage on 5 new shopping center trades throughout COVID-19

Excerpted from ICSC (June 17, 2020)

Verdi River Way bought The Shoppes At Terra Bella (pictured at top) — a new-construction, 16,057-square-foot retail strip — for $7.6 million. “We were able to attract an all-cash investor who was able to see the future beyond COVID-19 and a return to normalcy,” said Ryan Derriman, director for Franklin Street, which represented the seller. “They understood the tenants were less effected by the virus, as opposed to sit-down casual dining restaurants or big-box retailers.

For full story, visit: https://www.icsc.com/news-and-views/icsc-exchange/5-shopping-center-trades-that-went-through-during-covid-19?utm_source=sctweek&utm_medium=newsletter&utm_campaign=SCT%20Week

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