SOLDRetail
David Bramble Of MCB Real Estate & Colin Rosenbaum Of CBRE Acquire Retail Portfolio Across Five States
Building Size
1,100,000 SF
Asset Type
Retail
Closing
Apr 29, 2026
About this deal
AI
A joint venture between CBRE Investment Management and MCB Real Estate has successfully acquired a 1,100,000-square-foot grocery-anchored retail portfolio consisting of seven properties located across five states: Hawaii, Louisiana, Minnesota, North Carolina, and Texas.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Asset Size: 1,100,000 square feet
- Buyer: David Bramble - MCB Real Estate
- Buyer: Colin Rosenbaum - CBRE Investment Management
- Market: Hawaii, Louisiana, Minnesota, North Carolina, Texas
This acquisition includes notable properties such as Marketplace Shopping Center in Temple, TX, along with additional centers situated in North Carolina, Louisiana, Minnesota, and Hawaii. MCB Real Estate is set to manage the acquired assets, as the firms anticipate stable demand for necessity-based retail amid limited new supply.
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93