Tuesday, May 9, 2017

HFF closes sale of Publix-anchored retail center in the Atlanta MSA

Castleberry Southard Retail Center, 5475 Bethelview Road, Cumming, GA

Jim Hamilton
ATLANTA, GA – April 27, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Castleberry Southard, a dominant 80,018-square-foot, Publix-anchored neighborhood retail center in the affluent Atlanta submarket of Cumming, Georgia.

HFF marketed the property for the seller, TA Realty.  New Market Properties, LLC, purchased the asset free and clear of existing debt.

Located at 5475 Bethelview Road in Cumming, Castleberry Southard is situated at the “main and main” intersection of Castleberry and Bethelview Roads in one of the most affluent and fastest-growing submarkets in the Atlanta area. 

More than 38,000 residents earning an average annual income of more than $110,000 live within a three-mile radius of the center.  Built in 2006, Castleberry Southard is 92 percent leased to a variety of tenants, including Publix, The UPS Store, Subway, H&R Block and Huntington Learning Center.

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

“Castleberry Southard represented a rare opportunity to acquire a dominant Publix-anchored shopping center in one of the most affluent and fastest growing suburbs of the Atlanta MSA,” Hamilton said.

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

Kristen Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell 617.543.4873 | www.hfflp.com

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