Saturday, September 27, 2014

HFF closes two Publix-anchored retail centers in Naples, FL


Danny Finkle
MIAMI, FL – HFF announced it has closed the sale of Crossroads Market and Neapolitan Way, two Publix-anchored shopping centers in Naples, Florida.

                HFF marketed the properties on behalf of the seller, Madison Marquette Retail Services.  A private real estate fund advised by Crow Holdings Capital – Real Estate purchased the assets.         

Crossroads Market is located at 6029 Pine Ridge Road near Interstate 75 and at the entrance of The Vineyards golf course residential community.  The property is 98.4 percent leased to tenants including Publix, Walgreens, Crunch, Physicians Regional Health Care and Chase Bank. 

                Neapolitan Way is situated on 14.5-acres at 4601 Tamiami Trail with direct frontage on US Route 41.  The 92.9-percent-leased center features tenants including Publix, Walgreens and Bill Smith Appliances. 

Luis Castillo
                The HFF investment sales team representing the seller was led by senior managing director Danny Finkle, managing director Luis Castillo and analyst director Kimberly Flores.

                “Crossroads Market and Neapolitan Way are two of Naples’ most productive and successful retail centers,” Finkle says.  “The infill locations and exceptional tenancy have been key ingredients to each property’s past performance and future success.”

HFF’s investment sales team secured more than $1.68 billion in sales of retail assets nationally through the end of the second quarter of 2014.  In Florida, HFF closed more than $530 million in retail transactions across all capital markets platforms during the same period.

Madison Marquette Retail Services (MMRS) is a premier real estate property management, leasing, marketing and development firm specializing in mixed-use, urban street and infill, community and specialty/entertainment retail properties in top tier markets across the United States.

Kimberly Flores
Since 1998, Crow Holdings Capital – Real Estate (CHC-RE) and Crow Holdings-affiliated entities have managed six private equity real estate funds that are designed to generate current income and benefit from the capital appreciation of portfolio investments.  Equity capital from these funds totals approximately $4.1 billion, of which approximately $675 million has been committed by Crow Family Holdings.  Over the past 15 years, the six funds have actively acquired existing properties and development parcels of all types, both independently and with operating partners.  

As of June 30, 2014, these real estate funds have acquired or developed more than $12.6 billion in assets comprised of more than 43 million square feet of industrial, more than 12 million square feet of retail, more than eight million square feet of office, approximately 54,000 multifamily units, 387 convenience & gas stores, more than 8,100 hotel rooms and almost 6,000 acres of lot development.  

For more information on Crow Holdings Capital- Real Estate, visit CrowHoldingsCapital.com/real-estate/about-us.



For a complete copy of the company’s news release, please contact:                            

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

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