DALLAS (May 26, 2015) –CBRE Capital Markets’ Investment Properties announces the sale of Luna Crossing in Plano, Texas. A real estate private equity fund purchased the 21,817-square-foot shopping center from Dallas-based LunaCrossing Ltd.
Luna Crossing, located along North Central Expressway and shadow anchored by Main Event Entertainment, is well positioned within a high-growth area of Plano. The property is 100 percent leased to a number of strong national, regional and local tenants, including Mattress Firm, Springfree Trampoline, Chitos Mexican Restaurant and Red Wing Shoes.
“Luna Crossing provided the new owner with a terrific retail investment, quality tenancy and excellent term,” said Cameron Deptula, an Associate with CBRE in Dallas, who represented the seller. “Its proximity to Central Expressway and its location within the growing city of Plano made this a very attractive asset.”
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.