ATLANTA, GA – [Oct. 3, 2011] Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today it helped broker the sale of Hoover Place (top left photo), a shopping center in Hoover, Ala.
The 54,000-square-foot shopping center, anchored by Publix, is located on Birmingham Highway, near the Hoover Country Club. Hoover is a suburb just south of Birmingham.
The shopping enter is approximately 96 percent leased and includes a Starbucks outparcel.
Mark Joines (middle right photo) and Drew Fleming (bottom left photo), vice presidents at Cassidy Turley in Atlanta, acted in a transactional capacity. The buyer is a family trust based in South Carolina.
“Grocery-anchored centers, as a whole, continue to draw tremendous attention from the investment community,” Joines said. “Those with longer-term leases, credit-worthy tenants and less exposure to small-shop space are in particularly high demand.”
Recently, Cassidy Turley’s retail team also brokered the sale of a Kohl’s/Hobby Lobby anchored center in the Charlotte suburb of Rock Hill, S.C., and another Publix-anchored center in LaGrange, Ga.
On Sept. 1, Cassidy Turley completed its acquisition of the brokerage and property management businesses of Carter, a national leader in project development, commercial real estate services and investments.
Contact:
Laura Dudebout
O: 404.965.5023
C: 678.642.4301
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