Monday, January 25, 2016

HFF closes the sale of a grocery-anchored community center in Chattanooga, TN

The Overlook at Hamilton Place Shopping Center, 2288 Gunbarrel Road,
Eastern Chattanooga, TN

Richard Reid
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of The Overlook at Hamilton Place, a 213,095-square-foot community shopping center in Chattanooga, Tennessee. 

HFF marketed the property on behalf of the seller.  Preferred Apartment Communities, Inc. (NYSE: APTS), through is retail subsidiary New Market Properties LLC, purchased the asset free and clear of existing debt. 

The Overlook at Hamilton Place is anchored by The Fresh Market, Hobby Lobby, Petco, Best Buy, Shoe Carnival and Rugged Warehouse.

 Situated on 19.81 acres at 2288 Gunbarrel Road in eastern Chattanooga, the property is located at the “main and main” intersection of Gunbarrel Road and Shallowford Road.  

The center is located in a strong retail node consisting of four million square feet of retail that is 99 percent leased.  The Overlook at Hamilton Place attracts shoppers from three states – Alabama, Georgia and Tennessee – as the most comparable retail node is 80 miles away.

The HFF team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid.

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 |

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