Kroger Marketplace Advances in Keller
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Kroger recently presented plans for a Kroger’s Marketplace on 16.3 acres at 1025 Keller Parkway. The plans were approved by the town’s planning commission. The town’s council will vote on the matter next month.…
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