HFF closes sale of Amarillo, TX retail center on behalf of Weingarten Realty Investors

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.)  has closed the sale of Wolflin Village, a 159,502-square-foot community retail center in Amarillo, Texas on behalf of the seller, Weingarten Realty Investors.

The HFF investment sales team was led by senior managing directors Doug Hazelbaker (top right photo) and Jim Batjer (top left photo)  and managing director Ryan Shore (bottom right photo).

Dunhill Partners, Inc. purchased the property for an undisclosed amount free and clear of debt.

Wolflin Village is situated on nearly 10 acres at the intersection of Wolflin Avenue and Georgia Street in Amarillo. The property is 92% leased to tenants including Office Depot, Talbots, Starbucks, GNC and Cold Stone Creamery
.

“Wolflin Village benefits from an excellent location along Interstate 40, just west of Highway 287, two of the most highly traveled thoroughfares in Amarillo, allowing accessibility to a regional trade area,” said Hazelbaker.

Weingarten Realty Investors (NYSE: WRI) is a commercial real estate owner, manager and developer.

At June 30, 2009, the company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 378 developed income-producing properties and 24 properties under various stages of construction and development.

The total number of properties includes 318 neighborhood and community shopping centers located in 22 states spanning the country from coast to coast. The company also owns 81 industrial projects located in California, Florida, Georgia, Tennessee, Texas and Virginia and three other operating properties located in Arizona and Texas. At June 30, 2009, the company’s portfolio of properties was approximately 71.4 million square feet.

Dunhill Partners specializes in commercial real estate sales, leasing and management in Dallas and Fort Worth, Texas. Dunhill Partners currently owns and operates 29 properties totaling more than four million square feet primarily in Dallas/Ft. Worth, Austin, Houston, Louisiana and Hawaii.

Contacts:

T. Douglas Hazelbaker, HFF Senior Managing Director, (214) 265-0880, dhazelbaker@hfflp.com
Jim C. Batjer, HFF Senior Managing Director, (214) 265-0880, jbatjer@hfflp.com
Kristen M. Murphy,HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com