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| Brad Peterson |
ORLANDO, FL, Aug. 6, 2018 – Holliday
Fenoglio Fowler, L.P. (HFF) announces the sale of Tradewinds
Shopping Center, a 178,557-square-foot retail center
with multiple national anchors in Pensacola, Florida.
The HFF team marketed the property on behalf of
the seller. Hackney Real Estate Partners purchased the asset free and
clear of existing debt.
Tradewinds Shopping Center is 91.8 percent
leased to a variety of national and regional tenants, including T.J.Maxx &
HomeGoods, Jo-Ann Fabric & Crafts, Shoe Station, Tuesday Morning, Dollar
General, Sprint, Massage Envy, GNC and Advanced Dental Care.
Situated on 19.2 acres at 6601 North Davis
Highway, the center is positioned on the six-lane North Davis Highway (SR 291),
which is one of two primary retail corridors in Pensacola, and is visible to
more than 33,000 vehicles per day.
Additionally, the center is one mile south of
the interchange of Interstates 10 and 110. More than 59,900 residents
earning an average annual household income of $57,817 live within a three-mile
radius of Tradewinds Shopping Center.
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| Whitaker Leonhardt |
The HFF investment advisory team representing
the seller included senior managing director Brad Peterson and senior
director Whitaker Leonhardt.
“We really love the Florida Panhandle markets
and telling Pensacola’s unique market story,” Leonhardt said.
“It’s
actually one of the strongest markets in Florida from an employment standpoint
with a strong military presence, great healthcare providers, numerous college
campuses and a dynamic downtown.
"Tradewinds Shopping Center is a very
successful shopping center with great tenants in the heart of Pensacola, and
this exciting market story combined with the tenant lineup made this a highly
sought-after asset with over 10 strong offers received from a variety of
investors.”
For more information, please contact:
KIMBERLY STEELE
HFF Digital
Content/Public Relations Specialist
(713) 852-3420
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