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| Loop West shopping center, Kissimmee, FL |
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| Kim Flores |
MIAMI, FL – HFF announced it has closed the sale of LOOP
West, a 295,100-square-foot retail center in Kissimmee, Florida.
HFF
marketed the property on behalf of the seller, O’Connor Capital Partners. An affiliate of North American Development
Group purchased the property free and clear of debt.
Completed in 2008, LOOP West is fully leased to national tenants
including Babies R Us, Bealls, TJ Maxx, Books-A-Million, DSW, Party City and
Ulta and shadow-anchored by JC Penney.
The 38.72-acre site is located at 2001 West Osceola Parkway
near Walt Disney World, Sea World, Hollywood Studios and The Florida Turnpike
about 15 miles south of downtown Orlando.
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| Luis Castillo |
The HFF team representing the seller was led
by senior managing directors Danny Finkle and Brad Peterson, and
directors Luis Castillo and Kim Flores.
“LOOP
West is one of the most dominant and successful retail centers in Florida due
to its prominent location, national credit tenancy and high-quality physical
improvements,” said Finkle.
HFF has capitalized more than $4.3 billion in retail assets
nationally through third quarter 2013.
The HFF Florida team has capitalized more than $476 million in retail
transactions during this time.
O’Connor Capital Partners is a privately-owned, independent
real estate investment, development and management firm. O’Connor concentrates its efforts on making
direct investments in high-quality assets in major metropolitan markets in
North America.
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| Brad Peterson |
In its cumulative business history, North American
Development Group ("NADG") has been active in the development,
acquisition, redevelopment and management of over 200 shopping centers
comprising well in excess of 25 million square feet of GLA with an enterprise
value of over $3 billion.
NADG owns over 14 million square feet of existing shopping
center gross leasable area in the U.S and Canada, with an additional 4 million
square feet of shopping center GLA in development or pre-development.
The company also owns approximately 1400 acres of land) in
the U.S. and Canada that has been acquired for future retail development.
NADG has 11 offices across North America,
consisting of 6 in the United States and 5 in Canada, and a team of over 150
seasoned real estate professionals.
 |
| Daniel Finkle |
Over the last 4 years, NADG has acquired 35 retail
properties comprising over 5 million square feet of existing or to be developed
space. For further information, please
visit, www.nadg.com
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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