MCB Real Estate Acquires National Grocery-Anchored Retail Portfolio in Joint Venture with CBRE Investment Management

CBRE Investment Management (CBRE IM) announced today that the firm, on behalf of one of its funds, closed on the acquisition of a seven-property, nationally diversified grocery-anchored shopping center portfolio in a joint venture with MCB Real Estate (MCB).

The portfolio features a daily-needs tenant mix and is comprised of seven high-performing, necessity-based grocery-anchored centers anchored by leading national and regional grocers including HEB, The Fresh Market, Kroger, Harris Teeter and Safeway. The centers are geographically diversified across five states: Hawaii, Louisiana, Minnesota, North Carolina and Texas, totaling approximately 1.1 million square feet:

Riverview Shopping Center: Durham, NC – 125,430 square feet
Northlake Shopping Center: Mandeville, LA – 165,086 square feet
Preston Trail Village: Dallas, TX – 152,150 square feet
Marketplace Shopping Center: Temple, TX – 285,518 square feet
Sprouts Crossing: Hurst, TX – 71,132 square feet
Eagan Town Centre: Eagan, MN – 153,233 square feet
Kauai Village Shopping Center: Kapaʻa, HI – 111,021 square feet

“Grocery-anchored retail continues to offer durable income, limited new supply and tenancy tied to non-discretionary consumer demand,” said Colin Rosenbaum, Managing Director and Head of Americas Direct Commercial Transactions for CBRE Investment Management. “This portfolio expands our U.S. retail platform and positions the joint venture to capture mark-to-market rent growth and sustained leasing demand across necessity-based centers.”

The transaction establishes a strategic joint venture between CBRE IM and MCB Real Estate, a Baltimore based, privately held national investment management and development platform overseeing more than $4 billion in AUM. MCB will serve as the operating partner, providing local market expertise along with asset management and leasing capabilities across the portfolio.

“Adding these institutional-quality and high-performing assets to our rapidly expanding national portfolio reflects both our conviction and the continued confidence investors have in grocery-anchored retail,” said P. David Bramble, MCB’s Co-Founder and Managing Partner. “With historically low vacancy, limited new development, and steady consumer demand, grocery-anchored centers continue to deliver some of the most consistent performance across asset classes. This transaction reflects our disciplined approach to growth – deploying capital thoughtfully while maintaining long term ownership and hands on operational control.”

“Partnering with CBRE IM enabled a seamless and efficient transaction and reinforces our national growth strategy,” Bramble added. “We remain focused on pursuing value-add and core plus grocery anchored retail opportunities across primary and secondary markets.”

“We’ve been building conviction in the durable income thesis of necessity retail for some time,” said Liz Troni, Portfolio Manager for CBRE Investment Management’s U.S. direct core strategy. “New retail supply has been structurally constrained since the GFC, and grocery-anchored centers combine that scarcity with the daily-needs tenancy that holds up across cycles. This acquisition fits squarely with that conviction.”

Over the past 12 months, MCB Real Estate has completed acquisitions and taken on management responsibilities for more than $1 billion in commercial real estate assets in various U.S. markets.

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $155.2 billion in assets under management* as of March 31, 2026, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

About CBRE Investment Management

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.

About MCB Real Estate
Founded in 2007, MCB Real Estate is a community-centric, privately held national commercial real estate investment management and development firm headquartered in Baltimore, Maryland. MCB boasts a nationwide portfolio of approximately $4 billion in assets under management and owns or manages approximately 22 million square feet, with nearly six million square feet in its development pipeline. Property types include industrial, office, retail, mixed-use, multifamily, and healthcare. The firm offers a seamlessly integrated suite of commercial real estate investment services, including acquisitions, development, construction, asset management, property management, leasing, marketing, financing, and legal expertise, thus ensuring comprehensive support throughout every stage of an asset’s lifecycle. Learn more at www.mcbrealestate.com.