Wednesday, May 25, 2016

HFF closes sale of and arranges financing for six-property retail portfolio in Georgia, Alabama, and South Carolina

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured acquisition financing for a six-property, grocery-anchored retail portfolio totaling 535,252 square feet in Georgia, Alabama and South Carolina.

Jim Hamilton
HFF marketed the properties on behalf of the seller, InvenTrust Properties Corp.  Preferred Apartment Communities, Inc. (NYSE: APTS), through its retail subsidiary New Market Properties, LLC, purchased the assets.  

Working on behalf of the new owner, HFF also placed four separate fixed-rate acquisition loans. Two properties were purchased in all-cash transactions.

The 96-percent-occupied portfolio comprises Anderson Central and Fairview Market in Greenville-Spartanburg, South Carolina; Rosewood Shopping Center in Columbia, South Carolina; East Gate Shopping Center and Fury’s Ferry in Augusta, Georgia; and Southgate Village in Birmingham, Alabama.  

Five of the properties are anchored by Publix and one property is anchored by Walmart Supercenter.

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

The HFF debt placement team representing the borrower was led by senior managing director Ed Coco.

“The portfolio allowed the buyer to acquire a critical mass of six well-positioned, high-volume, grocery-anchored centers with an established tenancy located throughout the southeast,” Hamilton said.

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

Kristen M. Murphy
Director, Marketing
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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