Local real estate experts say the recent sale of the Acadian Village Shopping Center at Perkins Road and South Acadian Thruway makes a lot of sense from the perspective of both the buyer and the seller.
In a deal that closed Friday, Acadian CPDC, a limited liability company established by Commercial Properties Realty Trust, sold the 79,000-square-foot shopping center for $32.1 million to the Dallas-based real estate firm Crow Holdings.
“It’s a fantastic time to sell assets,” says local appraiser Wesley Moore, who is familiar with Acadian Village but was not involved in the recent transaction. “Interest rates are at historic lows, so it’s a good time for buyers … Also, Commercial Properties is working on some major projects that are going to be very capital intensive, so it makes sense.” Daily Report has the full story.
