A recent story on RetailTrafficMag.com stated that “with scores of institutional buyers looking for quality assets in primary markets, competition for class A centers is fierce and top-tier grocery-anchored shopping centers are now trading at cap rates in the low 6 percent range, while cap rates for core malls have sometimes dipped below 5 percent,” according to a managing director with Jones Lang LaSalle in Chicago.
On the other hand, the story reports that momentum for sales of class B and C retail properties hasn’t taken off, as some of these properties continue to suffer from retailer bankruptcies and store closings.
Here’s the full story: RetailTrafficMag