NEW YORK, NY –The New York and Miami offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today they have been engaged to market for sale the Tallahassee Mall, (top right photo) a 988,000-square-foot regional mall in Tallahassee, Florida. HFF managing directors Lynn DeMarco (middle left photo) and Brad Peterson (bottom right photo) and senior managing director Joe Morningstar will lead the investment sales team exclusively on behalf of a court appointed receiver.
The property is offered free and clear of debt without a formal asking price.
Situated on nearly 100 acres, the Tallahassee Mall is located at 2415 North Monroe Street, close to Interstate 10, downtown Tallahassee, Florida State and Florida A&M Universities.
The property is leased to tenants including AMC Theatre, Belk, Burlington Coat Factory, Ross Dress for Less, Sports Authority and Barnes & Noble.
“Tallahassee Mall provides an investor the opportunity to reposition a significant, strategically located asset in a dynamic university city,” said DeMarco. “The Mall lost two anchors, Dillards and Goody’s in 2008 and is currently 61% occupied.”
HFF (NYSE: HF) operates out of 17 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.
HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales and commercial loan servicing. http://www.hfflp.com/.
Contacts:
Contacts:
Lynn A. DeMarco, Managing Director (212) 245-2425, ldemarco@hfflp.com
H. Bradley Peterson, HFF Managing Director, (305) 448-1333, 1333, bpeterson@hfflp.com
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