Q2 2012 Fort Worth, Texas Retail Property Sales Analysis

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Q2 2012 Fort Worth, Texas Retail Property Sales Analysis


Qualifying retail sales were absent during the second quarter, and there have been just two in the past four quarters—both in the first quarter of 2012. These totaled $17.8 million at a mean price of $64 psf. In the larger of the two, Massachusetts Mutual Life Insurance Company sold the 174,085-square-foot Woodland West Shopping Center in Arlington to TNP Strategic Retail Trust Inc. in February for $14 million ($80 psf). A rolling 12 month cap rate is not calculated based on those two small sales, but the cap rate for the two sales themselves was 10.0%.