 |
| New Smyrna Beach Regional Shopping Center, New Smyrna Beach, FL |
ORLANDO, FL – HFF announced today the closing of the $16
million sale of New Smyrna Beach Regional, a 118,451-square-foot,
multi-tenant retail center in New Smyrna Beach, Florida, and the $7 million
sale of Forest Village, a 71,526-square-foot, multi-tenant retail center
in Tallahassee, Florida.
HFF
marketed both properties exclusively on behalf of the seller, Equity One,
Inc. Publix Supermarkets Inc. purchased
the properties for a total of $23 million in two separate transactions.
 |
| Brad Peterson |
Both shopping centers are
Publix-anchored. New Smyrna Beach
Regional (NSB) sits on 19.8 acres on State Road 44 in New Smyrna Beach,
Florida, and is the largest multi-tenant center in the area. Built in 1987, the center is 90 percent
occupied and, in addition to Publix, includes Dollar Tree, Pet Supermarket and
Metcare of Florida as tenants.
Forest
Village is located at the intersection of Crawfordville Road and Capital Circle
S.W. in Tallahassee, which has a daily traffic count of approximately 36,400
cars.
It sits on 15.9 acres with an
additional 15.4 acres of undeveloped land, which was included in the sale. Built in 2000, the property is 79 percent
occupied to tenants including Publix, Rent-A-Center, Pizza Hut and The UPS Store.
The
HFF team representing the seller was led by senior managing director Brad
Peterson and real estate analyst Whitaker Leonhardt.
 |
| Whitaker Leonhardt |
“These properties presented investors with an opportunity to
acquire two seasoned and successful shopping centers,” Peterson said. “HFF has sold 23 Publix-anchored shopping
centers in Florida since 2012, and we continue to see very strong demand for
these types of retail investments.”
HFF’s investment sales team secured more than $553 million
in sales of retail assets nationally during the first quarter of 2014. In Florida, HFF closed more than $134
million in retail transactions across all capital markets platforms during the
same period.
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
No comments:
Post a Comment