HFF Atlanta investment sales team closes sale of Lanier Commons in Cumming, GA

ATLANTA, GA – An HFF (Holliday Fenoglio Fowler, L.P.) investment sales team based in Atlanta has closed the sale of Lanier Commons, (top right photo) a 74,471-square-foot, grocery-anchored retail center in the Atlanta suburb of Cumming, Georgia.

Varner Properties, Inc. was represented by senior managing director Whitney Knoll, (top left photo) director Jim Hamilton (middle right photo) and associate director Kevin Hurley who are former members of the Staubach Capital Markets retail investment sales team that joined HFF in May.

The team began marketing Lanier Commons while with Staubach. Mimms Enterprises purchased the property for $12.99 million.

Lanier Commons is located at 3480 Keith Bridge Road one mile east of State Route 400 and one mile west of Lake Lanier, a top ranked national recreational lake. The property is approximately 30 miles north of downtown Atlanta.

Completed in 2004, Lanier Commons is currently 94% occupied to tenants including anchor tenant Publix, as well as Hollywood Video, Hair Cuttery and Johnny’s New York Style Pizza.

Varner Properties, Inc. is a well-known long standing real estate developer in Atlanta, Georgia.

Mimms Enterprises is a fourth generation family-owned commercial real estate company based in Roswell, Georgia, with properties in Georgia, Florida and Tennessee. Mimms specializes in the construction, redevelopment, leasing and management of retail, industrial and office properties. The company’s portfolio totals 6.1 million square feet with approximately 575 tenants.

CONTACTS:

Whitney Knoll, HFF Senior Managing Director, 404 832 8460, wknoll@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com