MIAMI, FL –HFF announced today that it has closed the sale of Promenades (top left photo), a 230,704-square-foot, grocery-anchored community center with a medical office component in Port Charlotte, Florida.
HFF marketed the property on behalf of the seller, Edens & Avant. In-Rel Properties, Inc. purchased the property.
Promenades is located at 3280 Tamiami Trail (US 41) on a 26.4 acre parcel adjacent to Fawcett Memorial Hospital and Peace River Hospital in Port Charlotte’s “Medical Arts District”.
Renovated in 2009, the property is currently 87 percent leased to tenants including Winn-Dixie, Bealls Outlet, Fawcett Memorial Hospital supplemental care services and YouFit, among others.The HFF team representing the seller was led by managing director Danny Finkle (lower left photo) and director Luis Castillo.
Edens & Avant develops, owns and operates neighborhood shopping centers in primary markets throughout the East Coast.
Focusing on innovative development and redevelopment together with key acquisitions in urban areas, the company has built an institutional-quality portfolio of 124 retail centers. Edens & Avant has regional headquarters in Boston, New York, Washington, D.C., Columbia, SC, Atlanta and Miami.
Founded in 1985, In-Rel Properties, Inc. owns and operates approximately five million square feet of office and retail properties in the southern and eastern regions of the United States. The company is headquartered in Lake Worth, Florida, with regional offices in Memphis, Nashville, Birmingham and Oklahoma City.
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Contacts:
Daniel Finkle, HFF Managing Director, (305) 448-1333, dfinkle@hfflp.com
Luis Castillo, HFF Director, (305) 448-1333, lcastillo@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
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