5 shopping center trades that went through during COVID-19
Excerpted from ICSC (June 17, 2020)
Verdi River Way bought The Shoppes At Terra Bella (pictured at top) — a new-construction, 16,057-square-foot retail strip — for $7.6 million. “We were able to attract an all-cash investor who was able to see the future beyond COVID-19 and a return to normalcy,” said Ryan Derriman, director for Franklin Street, which represented the seller. “They understood the tenants were less effected by the virus, as opposed to sit-down casual dining restaurants or big-box retailers.
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