Wednesday, December 26, 2012

HFF closes $19 million sale of Hickory Flat Commons in Canton, GA


Hickory Flat Commons, Canton, GA
ATLANTA, GA – HFF announced it has closed the sale of Hickory Flat Commons, a 114,751-square-foot, grocery-anchored retail center in Canton, Georgia.

HFF marketed the property on behalf of the seller, Connolly Realty Services.  An affiliate of Cole Real Estate Investments purchased Hickory Flat Commons for $19 million.  

Hickory Flat Commons is situated on 18.5-acres at 6764-6776 Hickory Flat Highway about 30 miles north of Atlanta in the Cherokee County/Canton corridor. 

Jim Hamilton
Completed in 2008, the property is 96 percent leased to tenants including Kroger (anchor tenant), Anytime Fitness, Verizon Wireless, Little Caesars, Gymboree and Great Clips.

The HFF investment sales team representing Connolly Realty Services was led by managing directors Jim Hamilton and Richard ReidThomas Falatko, vice president acquisitions, multi-tenant retail, represented Cole in the transaction.

Since its start in1972, Connolly has completed more than 40 retail, commercial land and office projects in the Southeastern U.S. 

Richard Reid
Connolly concentrates in the development of grocery-anchored shopping centers, commercial land subdivisions, and through its affiliate Connolly Net Lease, net lease developments such as Walgreens.  Connolly also invests in real estate and operating companies through its Spruce Street Partners investment company. 

For a complete copy of the company’s news release, please 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 |


No comments:

Post a Comment