DALLAS (January 21, 2015) –CBRE Capital Markets Investment Properties team announces the sale of Coppell Crossing West in Coppell, Texas. An out of state investor purchased the 31,294-square-foot asset from Dallas-based developer Mockingbird Properties.
Coppell Crossing West, at the corner of Belt Line Road and MacArthur Boulevard, is positioned in a strong location that has seen tremendous growth over the last several years. The three-building property is 76.2 percent occupied by a variety of well-known local establishments, including Camp Bow Wow, IXL Academy, Blue Flame Productions and others.
“Coppell Crossing West is a unique retail asset located within seconds of the planned Cypress Waters development. The property provides its tenants a desirable location within the high barrier Coppell Market. Additionally, the new owner will benefit from the center’s lease-up potential and the tenant’s desire to grow at this location,” said Cameron Deptula, Associate with CBRE.
Jennifer Pierson, Cameron Deptula and Beth Pierson, with CBRE in Dallas, represented the seller.
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