Sunday, February 7, 2016

HFF closes $47.9 million sale of a regional retail power center in Hattiesburg, MS

Turtle Creek Crossing Retail Power Center, 6143 U.S. Highway 98, Hattiesburg, MS

Jim Hamilton
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $47.9 million sale of Turtle Creek Crossing, a 295,848-square-foot regional retail power center in Hattiesburg, Mississippi.   

HFF marketed the property on behalf of the seller, Kimco Realty Corp.  Stirling Properties, Inc. purchased the asset free and clear of existing debt.

Completed in two phases in 2005 and 2007, the 95-percent-leased Turtle Creek Crossing is home to Ashley Furniture HomeStore, Books-A-Million, Dollar Tree, Old Navy, PetSmart, Ross Dress for Less, Bed Bath & Beyond, David’s Bridal and Rue 21 along with shadow anchors Target, Kohl’s and Academy Sports + Outdoors. 

Turtle Creek Crossing is situated on 39.9 acres at 6143 U.S. Highway 98 along the “going home” side of Highway 98, the main retail artery in Hattiesburg. 

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

“The center is adjacent to Turtle Creek Mall, the dominant regional mall, which helps make this area a regional retail destination,” Hamilton said.

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

Kristen M. Murphy
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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