ROBERTS COMMERCIAL TAKES 75,000-SQUARE-FOOT RETAIL CENTER
DALLAS, GA. — Roberts Commercial Real Estate Services has acquired Citizens Square Shopping Center, a 75,000-square-foot retail center located in Dallas, for approximately $6.44 million. The center recently underwent substantial renovations. John Harrison and Gil Russell of Roberts Commercial represented the company in the acquisition; Brooks Patterson of The Ben F. Kushner Company represented the seller. The acquisition was completed by Roberts using equity from its Roberts Commercial Opportunity Fund I, a $20 million real estate investment equity fund. The debt for the transaction was provided by a conduit loan from J.P. Morgan.