 |
| Brad Peterson |
ORLANDO, FL – HFF announced today that it has closed the
sale of three grocery-anchored retail centers totaling 276,143 square feet
located in suburban communities of Houston, Texas; Columbia, South Carolina;
and Tallahassee, Florida.
The properties are: Kleinwood Center, Murray Landing and
Vineyard Shopping Center.
HFF marketed the portfolio on behalf of the seller, Charter
Hall Retail REIT and Regency Centers Corporation. Phillips Edison-ARC Shopping Center REIT Inc. purchased the
offering.
 |
| Jim Batjer |
The portfolio has an average three-mile population of more
than 67,000 residents with an average household income of nearly $104,000. Individual property details are listed
below:
Property Year Built
Square Feet Occupancy Anchor
Kleinwood Center, Spring, TX, built 20003, 148,963 SF, 92%, anchor HEB
Murray Landing, Irmo, SC, built 2003, 64,359 SF, 100%. Publix
Vineyard Shopping Center, Tallahassee, FL, built 2002, 62,821
SF, 84.7%, Publix
 |
| Jim Hamilton |
The HFF investment sales team representing the seller was
led by senior managing directors Brad Peterson in Orlando and Jim
Batjer in Dallas, and managing directors Jim Hamilton in Atlanta and
Ryan West in Houston.
According to Peterson, “The scarcity of HEB and Publix
offerings, coupled with desirable anchor lease terms and sales performance
across the portfolio, presented Phillips Edison-ARC Shopping Center REIT Inc.
with a rare opportunity to acquire three high-quality, grocery-anchored centers
in a single transaction.”
 |
| Ryan West |
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 | www.hfflp.com
.
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