Harris Teeter building in Germantown nabs $9M

A Harris Teeter leased building in Germantown has sold for $9 million, which represents a 5.59 percent capitalization rate. The TZD Retail Group of Marcus & Millichap, which represented the seller in in the transaction, touted the sale as indicative of confidence in brick-and-mortar retail buildings. “Despite headlines and the skepticism surrounding bricks-and-mortar, retail center vacancies have ...

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