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| Richard Reid |
ATLANTA, GA – HFF announced it has closed the sale of and
arranged acquisition financing for Conyers Crossroads, a
465,993-square-foot retail center in Conyers, Georgia.
HFF
marketed the portfolio on behalf of the seller, institutional investors advised
by J.P. Morgan Asset Management. Hendon
Properties and a confidential joint venture partner purchased the offering for
an undisclosed amount.
Separately, HFF’s
debt placement team secured acquisition financing on behalf of the buyer
through a global commercial and investment bank.
Conyers Crossroads is located north of Interstate 20 at 1454 Dogwood
Drive SE, less than 25 miles east of downtown Atlanta.
Completed in two phases in 2000 and 2005,
the center is 86 percent leased to a variety of national and regional tenants,
including Kohl’s, Carmike Cinemas, Belk, TJ Maxx , Michaels, Old Navy, Pier 1
Imports and Shoe Carnival.
 |
| Jim Hamilton |
The HFF investment sales team representing
the seller was led by managing directors Richard Reid and Jim
Hamilton and real estate analysts Mike Allison and Pete Anastasi.
HFF’s debt placement team was led by director Chip Sykes.
“Conyers Crossroads attracted a significant amount of
investor interest due to the property’s dominant anchor tenant line up, scale,
interstate visibility and access and upside potential,” Reid said.
J.P. Morgan Asset Management – Global Real Assets has more
than $79 billion in assets under management and more than 400 professionals in
the U.S., Europe and Asia, as of June 30, 2014.
With a 40-plus-year history of
successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad
capabilities provide many of the world’s most sophisticated investors with a
global platform of real estate, infrastructure, maritime/transport and energy
strategies driven by local investment talent with disciplined investment
processes consistently implemented across asset types and regions.
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| Conyers Crossroads, Conyers, GA |
Hendon Properties is a full-service development, brokerage
and management organization specializing in retail-oriented real estate.
They focus on community and regional
shopping centers, malls and credit tenant build-to-suit developments.
Their team manages all aspects of brokerage
and development including site selection, project budgeting, due diligence,
engineering, architecture, construction and leasing.
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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