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Monday, 03 March 2014

Disney Investment Represented Seller of Arkansas Retail Center

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Commercial Real Estate Direct Staff Report

The Disney Investment Group represented the Strode Property Co. of Dallas in its recent $23.4 million, or $336.84/sf, sale of Park Avenue, a 69,381-square-foot shopping center in Little Rock, Ark., to Inland Real Estate Income Trust Inc.

The property is 95.1 percent leased to tenants that include Panera Bread, Verizon Wireless, Radio Shack and Newk's Eatery. It generates $1.5 million of annualized base rent, according to a regulatory filing. The price paid by Inland, an Oak Brook, Ill., REIT whose shares do not trade on any exchange, results in a capitalization rate of 7.83 percent.

The price Inland paid includes a right to expand one of the property's three buildings by up to 9,500 sf. But the company might end up paying an additional $4.75 million, bringing the property's total purchase price to $28.12 million.

The transaction is one of very few involving retail properties in Little Rock. The site on which it...


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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Little Rock
  • States: Arkansas
  • Sector: Retail
  • Subject: Property Acquisitions (ACQ)
  • Private: Yes
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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