DALLAS (July 2, 2015) –CBRE Capital Markets’ Investment Properties announces the sale of Beach Street II in Fort Worth, Texas. A private investor purchased the 17,322-square-foot shopping center from Dallas-based Beach-North Tarrant Ltd.
Beach Street II, located along North Beach Street, is well positioned within a high-growth area of Fort Worth. The property is 100 percent leased to a number of strong regional and local tenants, including Goodwill, Little Caesars, Check-N-Go and Golden China Restaurant, among others.
“Beach Street II provided the new owner with a terrific, stabilized retail asset across from one of the highest-grossing Walmarts in the region,” said Cameron Deptula, an Associate with CBRE in Dallas, who represented the seller. “Its proximity to the North Beach Street and Tarrant Parkway intersection as well as its location at the heart of the North Central Tarrant County growth path made this a very attractive investment.”
About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.