 |
| Hickory Flat Commons, Canton, GA |
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 Reid. Thomas 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 |
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