Wednesday, November 9, 2016

HFF closes sale of central California grocery-anchored retail center and arranges acquisition financing for Highpoint Capital Group, LLC

Hallmark Town Center, Madera, CA

SAN FRANCISCO, CA, Nov. 9, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged acquisition financing for Hallmark Town Center, an 85,066-square-foot, grocery-anchored shopping center in the central California community of Madera, California.

Bryan Ley
HFF marketed the property on behalf of the seller, Weingarten Realty Investors.  Highpoint Capital Group, LLC (Highpoint), a private real estate investment firm based in Los Angeles purchased the shopping center.

 The firm is one of the most active buyers of multi-tenant retail properties (both anchored and un-anchored) priced between $5 and $25 million in the coastal and western states.

  HFF also worked on Highpoint’s behalf to place a 10-year, fixed-rate CMBS loan with a banking and financial services holding company.

 Anchored by Food 4 Less, Hallmark Town Center comprises two multi-tenant buildings and an outparcel pad.  The 96-percent-leased center is also home to national and regional tenants, including Thrive Fitness, Taco Bell, Furniture Town, Supercuts, Little Caesars, Blooming Fashion and Deli Delicious. 

Situated on 8.39 acres at 2330-2360 West Cleveland Avenue, Hallmark Town Center is at the southwest corner of West Cleveland Avenue and North Schnoor Street, which have combined traffic counts of approximately 39,427 vehicles per day.  The center is located in the primary retail hub of Madera, a town located midway between San Francisco and Los Angeles.

The HFF investment sales team was led by managing director Bryan Ley and associate Justin Kundrak in HFF’s Los Angeles office.

The HFF debt placement team was led by managing director Peter Smyslowski and director John Churchward in HFF’s San Francisco office.

Justin Kundrak

“Hallmark Town Center represented a market-leading transaction and was a great execution for the buyer and seller,” Ley said.  “This top-producing, grocery-anchored center saw strong interest from investors in this growing secondary market of Central California. 

“The dual-track approach by HFF drew aggressive pricing on the deal while marrying the most competitive debt available in the capital markets with the right buyer.”

“HFF delivered strong finance solutions that generated attractive returns for the sponsorship,” Churchward added.
Jeffrey Seltzer, President of Highpoint Capital Group, noted, “We are very excited about the acquisition of Hallmark Town Center as we are aggressively looking to purchase retail centers across the United States, with a specific emphasis on secondary markets like the California Central Valley.”

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |


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