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| Jim Hamilton |
ATLANTA,
GA – HFF announced it has closed the sale of and arranged financing for Lilburn
Corners, a 105,161-square-foot, grocery-anchored retail center in Lilburn,
Georgia.
HFF
represented the seller, Philips Edison & Company, in the sale of the
property to BDB Realty LLC. BDB
purchased the asset for $11.2 million and obtained acquisition financing
through Jefferies LoanCore, which was also arranged by HFF.
The $8.6 million securitized loan has a
10-year term and a fixed-rate for the duration of the loan.
Lilburn
Corners is located at 375 Rockbridge Road NW at the confluence of Lawrenceville
Highway (U.S. 29) and Rockbridge Road in the northeast area of the Atlanta
MSA.
The
property is 92.4 percent leased and is anchored by Publix. Additional tenants include H&R Block,
The UPS Store, Snap Fitness and Marco’s Pizza.
The HFF investment sales team representing
the seller was led by managing directors Jim Hamilton and Richard
Reid. HFF’s debt placement team was led by director
Chip Sykes.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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