Monday, April 30, 2012

Cap rates for grocery-anchored centers in low 6% range

A recent story on stated that "with scores of institutional buyers looking for quality assets in primary markets, competition for class A centers is fierce and top-tier grocery-anchored shopping centers are now trading at cap rates in the low 6 percent range, while cap rates for core malls have sometimes dipped below 5 percent," according to a managing director with Jones Lang LaSalle in Chicago.

On the other hand, the story reports that momentum for sales of class B and C retail properties hasn't taken off, as some of these properties continue to suffer from retailer bankruptcies and store closings.

Here's the full story: RetailTrafficMag

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