HFF closes $55.5 million sale of a five-property grocery-anchored retail portfolio in Florida

  

MIAMI, FL – HFF announced today that it has closed the sale of a five-property grocery-anchored retail portfolio totaling 333,615 square feet in northern and central Florida.

HFF marketed the properties on behalf of the seller, EDENS.  H&R REIT purchased the portfolio for $55.5 million.

Property details are listed below:

• Corridors at Ponte Vedra, The Fresh Market anchor, 52,959 SF, 89.5% occupied, Jacksonville, FL
• Mandarin Oaks, Publix anchor, 56,700 SF, 97.2% occupied, Jacksonville, FL
• First Merritt Center, Publix anchor, 88,316 SF, 91.0% occupied, Merritt Island, FL
• Publix at Holly Hill, Publix anchor, 57,870 SF, 97.8% occupied, Holly Hill, FL
• Publix at Summer Bay, Publix anchor, 77,770 SF, 93.8%, Clermont, FL

 

 The HFF investment sales team representing the seller was led by senior managing directors Danny Finkle (top right photo) and Brad Peterson (middle left photo), director Luis Castillo (lower right photo) and real estate analyst Rob Saracco. 

Within the past 90 days, HFF has capitalized more than $325 million of retail transactions in Florida.

Contacts:

DANIEL FINKLE                                   

HFF Senior Managing Director               

(305) 448-1333                                          

dfinkle@hfflp.com                                  

LUIS CASTILLO                        

HFF Director                              

(305) 448-1333                             

lcastillo@hfflp.com                     

  

OLIVIA N. HENNESSEY

HFF Associate, Marketing              

(713) 852-3500               

ohennessey@hfflp.com