LOS ANGELES, CA – HFF announced today that it has closed the
sale of The Whole Foods Center (top left photo), a
68,334-square-foot, two-tenant retail center in Fort Collins, Colorado.
HFF
marketed the 100% occupied property on behalf of a private investor. A private real estate fund advised by Crow
Holdings Capital Partners, L.L.C. purchased the center and assumed an existing
CMBS loan.
Whole
Foods Center is located at 2201 South College Avenue (U.S. Highway 287), the
main retail thoroughfare, in southern Fort Collins, about 55 miles north of
Denver. The property is fully leased to Whole Foods and Wilbur’s Total
Beverage.
The
HFF team representing the seller was led by managing director Bryan Ley (middle right photo), senior managing director Barry Brown (lower left photo) and director John Crump.
The seller was a private investor based on the East Coast
who had owned the asset since 2006.
Crow Holdings Capital Partners, L.L.C. (CHCP) was
established in late 2010 in response to new regulations and to expand the
business of Crow Family Holdings, which was formed in the early 1990’s to
exclusively manage the assets of the Trammell Crow Family.
Since 1998, CHCP and CHCP-affiliated entities have managed a
series of real estate private equity funds that are designed to generate
current income and benefit from the capital appreciation of portfolio
investments.
These five funds
have had total equity commitments from partners of approximately $3.0 billion,
approximately $600 million of which was committed by Crow Family Holdings.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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