{"id":1004205252,"date":"2018-01-30T04:05:29","date_gmt":"2018-01-30T12:05:29","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004205252"},"modified":"2022-12-08T18:40:19","modified_gmt":"2022-12-09T02:40:19","slug":"cbre-arranges-sale-of-h-e-b-anchored-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\/","title":{"rendered":"CBRE Arranges Sale of H-E-B-Anchored Retail Center"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<div id=\"attachment_1004205256\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Austin-PR-2018-MarketAtParmer.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004205256\" data-attachment-id=\"1004205256\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\/austin-pr-2018-marketatparmer\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Austin-PR-2018-MarketAtParmer.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Austin-PR-2018-MarketAtParmer\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Market at Parmer, Austin&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Austin-PR-2018-MarketAtParmer.jpg?w=800\" class=\"wp-image-1004205256 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Austin-PR-2018-MarketAtParmer.jpg\" alt=\"Market at Parmer, Austin\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Austin-PR-2018-MarketAtParmer.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Austin-PR-2018-MarketAtParmer.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Austin-PR-2018-MarketAtParmer.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004205256\" class=\"wp-caption-text\">Market at Parmer, Austin<\/p><\/div>\n<p>CBRE National Retail Partners facilitated the sale of Market at Parmer, a H-E-B-anchored retail center located at the corner of MoPac Expressway and Parmer Lane in Austin, Texas. The buyer is a Chicago-based institutional investor.<\/p>\n<p>The 122,349-square-foot property was 95.9 percent occupied at the time of the transaction. The diverse tenant roster includes national retailers\u00a0such as Pet Supplies Plus, Anytime Fitness and Twin Liquors. Many of the lease agreements at Market at Parmer were established in previous cycles and are well below market, offering the buyer an opportunity to capitalize on untapped market rent growth at the retail center.<\/p>\n<p><em>\u201cTexas, and especially Austin, are experiencing <a href=\"https:\/\/www.commercialsearch.com\/news\/supply-catches-up-with-demand-in-austin\/\">unprecedented population growth<\/a>, but retail expansion remains well below historic norms. This phenomenon is driving occupancy rates to historic levels in Austin, and in turn, driving significant investor interest in existing shopping centers with below market rents,\u201d<\/em> said Chris Gerard, senior vice president, CBRE.<\/p>\n<p>Chris Cozby, Chris Gerard and Blaine Dozier of CBRE National Retail Partners represented the undisclosed seller.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property was nearly 96 percent leased at the time of the deal. The mix of tenants includes several national retailers such as Pet Supplies Plus, Anytime Fitness and Twin Liquors.<\/p>\n","protected":false},"author":237,"featured_media":1004205256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21742,21749],"tags":[32789,38975,37479],"class_list":["post-1004205252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-latest","category-retail","tag-cbre","tag-chris-gerard","tag-h-e-b"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBRE Arranges Sale of H-E-B-Anchored Retail Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Sale of H-E-B-Anchored Retail Center\" \/>\n<meta property=\"og:description\" content=\"The property was nearly 96 percent leased at the time of the deal. The mix of tenants includes several national retailers such as Pet Supplies Plus, Anytime Fitness and Twin Liquors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-30T12:05:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:40:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/01\/Austin-PR-2018-MarketAtParmer.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"CBRE Arranges Sale of H-E-B-Anchored Retail Center\",\"datePublished\":\"2018-01-30T12:05:29+00:00\",\"dateModified\":\"2022-12-09T02:40:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\\\/\"},\"wordCount\":190,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/01\\\/Austin-PR-2018-MarketAtParmer.jpg\",\"keywords\":[\"CBRE\",\"Chris Gerard\",\"H-E-B\"],\"articleSection\":[\"Austin\",\"Deals\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-arranges-sale-of-h-e-b-anchored-retail-center\\\/\",\"name\":\"CBRE Arranges Sale of H-E-B-Anchored Retail Center - 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