Wednesday, October 5, 2016

HFF closes sale of three Albertsons grocery stores in Nevada and Oregon

Albertsons-occupied buildings, Henderson, NV and Baker City, OR

Nick Foster

NEWPORT BEACH, CA – September 19, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of three single-tenant retail buildings fully occupied by Albertsons and totaling 161,493 square feet in Henderson, Nevada, and Baker City, Oregon.

HFF marketed the properties on behalf of the sellers, HH Property North, LLC and HH Property South, LLC.  ValueRock Realty Partners out of Irvine, California, purchased the assets at an undisclosed price

All three properties are leased to Albertsons on a long-term triple net lease basis.  The Nevada assets comprise a 58,254-square-foot building located at 190 North Boulder Highway and a 55,000-square-foot building located at 2910 Bicentennial Parkway. 

Both centers are part of larger shopping centers in Henderson, a community southeast of Las Vegas.  The Baker City Albertsons building is 48,239 square feet and located at 1120 Campbell Street. 

For the Nevada acquisitions, the HFF investment sales team representing the seller was led by Nick Foster in conjunction with local Nevada broker David Zacharia of DZ Net Lease Realty, LLC. 

Mark West
For the Baker City acquisition, the HFF investment sales team representing the seller was led by Nick Foster, Mark West and Nick Kassab.

 “We continue to see a strong appetite for big box retail leased to national-brand grocers,” Foster said.  “Since 2015, our team has sold more than 50 single-tenant grocery stores across the western U.S.  We have been fortunate to find quality buyers who understand the lasting appeal of these daily needs operators.”

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

Kristen Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | fax 617.338.2150 |

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