The 222,291-square-foot Rio Norte Shopping Center, located at 5404-5506 San Bernardo Avenue in Laredo, Texas, was sold to Kobalt Investment Company LLC, Stonefield Investment Advisors LLC, and Espada Real Estate. The Class A retail center is anchored by renowned retailers like Ross Dress for Less, Michael’s, and Petco, enjoying a prime location off Interstate 35 in a high-growth area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Buyer: Ginnie McCorkle - Kobalt Investment Company LLC; Stonefield Investment Advisors LLC; Espada Real Estate
• Brokers: Adam Howells & Matthew Barge - JLL

JLL Capital Markets played a crucial role in facilitating the sale of Rio Norte Shopping Center. The deal involved key individuals such as Ginnie McCorkle representing the buyer entities, Kobalt Investment Company LLC, Stonefield Investment Advisors LLC, and Espada Real Estate. Additionally, Adam Howells and Matthew Barge from JLL served as the brokers in this transaction.