Sunday, September 23, 2012

HFF closes $17.9 million sale of Whole Foods Center in Fort Collins, CO




LOS ANGELES, CA – HFF announced today that it has closed the sale of The Whole Foods Center (top left photo), a 68,334-square-foot, two-tenant retail center in Fort Collins, Colorado.

                HFF marketed the 100% occupied property on behalf of a private investor.  A private real estate fund advised by Crow Holdings Capital Partners, L.L.C. purchased the center and assumed an existing CMBS loan.


Whole Foods Center is located at 2201 South College Avenue (U.S. Highway 287), the main retail thoroughfare, in southern Fort Collins, about 55 miles north of Denver. The property is fully leased to Whole Foods and Wilbur’s Total Beverage.
                
The HFF team representing the seller was led by managing director Bryan Ley (middle right photo), senior managing director Barry Brown (lower left photo) and director John Crump.

The seller was a private investor based on the East Coast who had owned the asset since 2006.

Crow Holdings Capital Partners, L.L.C. (CHCP) was established in late 2010 in response to new regulations and to expand the business of Crow Family Holdings, which was formed in the early 1990’s to exclusively manage the assets of the Trammell Crow Family. 

Since 1998, CHCP and CHCP-affiliated entities have managed a series of real estate private equity funds that are designed to generate current income and benefit from the capital appreciation of portfolio investments.

 These five funds have had total equity commitments from partners of approximately $3.0 billion, approximately $600 million of which was committed by Crow Family Holdings. 

Contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |

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