HFF closes sale of Baton Rouge, LA retail center

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of Siegen Plaza, (top left photo) a 156,228-square-foot retail center in Baton Rouge, Louisiana.

HFF senior managing directors Jim Batjer (top right photo) and Doug Hazelbaker (middle left photo) and managing director Ryan Shore (bottom right photo) led the investment sales team on behalf of the seller, Weingarten Realty Investors.

Inland Real Estate Acquisitions, Inc., which is a part of The Inland Real Estate Group of Companies, Inc., purchased the property for an undisclosed amount.

Completed in 2001, Siegen Plaza is currently 98% leased to tenants including Ross Dress for Less, Conn’s Appliance, Petco, Rack Room Shoes, Olive Garden and Chick-fil-A.

The property, which is shadow-anchored by SuperTarget, is situated on 22.4 acres along Interstate 10 at Siegen Lane in Baton Rouge.

“Siegen Plaza benefits from excellent demographics within a prominent trade corridor predicted to draw four to ten million customers a year,” said Hazelbaker.

Weingarten’s business activities encompass the long-term ownership, management, acquisition, development and redevelopment of strategically located neighborhood and community shopping centers and select industrial properties. Properties are predominantly located in the highest growth regions of the country - the south and west.

Headquartered in Oak Brook, Illinois, The Inland Real Estate Group of Companies, Inc. is a diverse group of real estate companies, including public real estate investment trusts (REITs), both exchange listed and non-listed.

Inland-sponsored companies own and manage in total over 100 million square feet of commercial real estate located in 45 states in the U.S. and Canada, as well as managed assets in excess of $21 billion.

The Inland Real Estate Group of Companies, Inc. is comprised of a group of separate legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by subsidiaries of Inland Real Estate Investment Corporation.

For additional information, please refer to the company website at http://www.inlandgroup.com/.

CONTACTS:

Jim C. Batjer, HFF Senior Managing Director, 214 265 0880, jbajer@hfflp.com

Doug Hazelbaker, HFF Senior Managing Director, 214 265 0880, dhazelbaker@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com