HFF closes $20.4 million sale of Shops at Sea Island on St. Simons Island, GA

  

  ATLANTA, GA – HFF announced today that it has closed the sale of The Shops at Sea Island (above centered  photo), a 95,729-square-foot, grocery-anchored retail center on St. Simons Island, Georgia.

HFF exclusively represented Varner Properties in the sale of the property to an undisclosed buyer for $20.4 million.

The Shops at Sea Island is located at 600 Sea Island Road along the primary thoroughfare into Sea Island. 

Completed in 1995, the property is fully leased to tenants including Harris Teeter, Bank of America, Chico’s, GNC, Jos. A. Bank, Talbots and The UPS Store.

“The Shops at Sea Island is the dominant retail development that serves Sea Island and St. Simons Island, and it is anchored by the number one grocer on the islands,” said Hamilton.

The HFF investment sales team representing Varner Properties was led by managing directors Jim Hamilton (middle right photo) and Richard Reid (lower left photo).

Contacts:

JIM R. HAMILTON                                    RICHARD M. REID                           

HFF Managing Director                           HFF Managing Director                  

(404) 942-2212                                         (404) 942-2209                               

jhamilton@hfflp.com                                  rreid@hfflp.com                             

KRISTEN M. MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com