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| Warren Plaza, Dubuque, Iowa Photo by John Sullivan |
CHICAGO, IL –– Holliday
Fenoglio Fowler, L.P. (HFF) announces the sale of and acquisition financing for
Warren Plaza, a 96,310-square-foot, grocery-anchored shopping center in
Dubuque, Iowa.
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| Amy Sands |
The HFF team marketed the property for the
seller, Brixmor Property Group. The DESCO Group purchased the
asset. Additionally, working on behalf of the new owner, the HFF team
arranged a fixed-rate loan to finance the acquisition.
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| Clinton Mitchell |
Anchored by a market-dominant Hy-Vee grocery
store, the 90.5-percent-leased Warren Plaza is also home to Super Cuts, Video
Games Etc!, Miracle Ear and Great Dragon Restaurant in addition to Chick-fil-A,
which is on a ground lease.
The center is shadow-anchored by the only Target
within 75 miles. Situated on 13.33 acres at 3500 Dodge Street, Warren Plaza
is located along the highly trafficked U.S. Highway 20 retail corridor in
Dubuque, an Iowa community at the intersection of Iowa, Illinois and
Wisconsin.
The center draws from an expansive trade area
that includes all three states and about 157,261 consumers. Additionally,
the center is across the street from Kennedy Mall, the only super regional mall
within 90 miles.
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| Jules Sherwood |
The HFF investment advisory team representing
the seller included senior directors Amy Sands and Clinton Mitchell
along with managing director Jules Sherwood, a
licensed Iowa real estate broker.
The HFF debt placement team included director Christopher
Knight.
For more information, please contact:
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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