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| Cordova Commons shopping center, 1650-1680 Airport Boulevard, Pensacola, FL |
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| Daniel Finkle |
MIAMI, FL – HFF announced it has closed the sale of Cordova
Commons and Tradewinds Shopping Center, two retail power centers
totaling approximately 344,000 square feet in Pensacola, Florida.
HFF
marketed the properties on behalf of the seller, a joint venture between AEW
Capital Management, L.P. and GMH Capital Partners, LP. Cole Real Estate Investments, Inc. (“Cole”)
purchased the centers for an undisclosed amount.
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| Tradewinds Shopping Center 6601 North Davis Highway, Pensacola, FL |
Most
recently renovated in 2012, Cordova Commons is located at 1650-1680 Airport
Boulevard at the intersection of North 9th Avenue across from Pensacola
State College, Cordova Mall and Sacred Heart Hospital.
Situated on 11.9 acres, the 165,480-square-foot retail
center is 100 percent leased to tenants including Marshalls, DSW, The Fresh
Market, Ulta, Stein Mart and Petco.
 |
| Brad Peterson |
Tradewinds Shopping Center is located at 6601 North Davis Highway, less
than one mile from Interstate 10. The
178,554-square-foot center is situated on 19.15 acres and is occupied by
tenants including TJ Maxx, Home Goods, Dollar General and Jo-Ann Fabrics.
The
HFF team representing the seller was led by senior managing directors Danny
Finkle and Brad Peterson, managing director Paul Stasaitis
and director Luis Castillo. Vice
president of acquisitions Thomas Falatko represented Cole.
 |
| Paul Stasaitis |
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.
Founded in 1981, AEW Capital Management, L.P. (AEW) provides
real estate investment management services to investors worldwide. One of the world’s leading real estate
investment advisors, AEW and its affiliates manage approximately $37 billion of
capital invested in more than $50.8 billion of property and securities in North
America, Europe and Asia (as of September 30, 2013).
 |
| Luis Castillo |
Grounded in research and experienced in the complexities of
the real estate and capital markets, AEW actively manages portfolios in both
the public and private property markets and across the risk/return
spectrum.
AEW and its affiliates have offices in Boston, Los Angeles,
London, Paris, Singapore, and Hong Kong, as well as additional offices in eight
European cities. For more information
please visit www.aew.com.
Under the umbrella of parent company GMH Associates Inc.,
GMH Capital Partners is a revolutionary real estate investor and developer
founded in 1985 by Gary Holloway, Sr., whose vision was to create an
all-encompassing real estate entity that would eliminate the need for any third
parties to manage or develop its properties.
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| Thomas Falatko |
Strategic thinking and diversified assets have made GMH
Capital Partners a nationwide industry leader in commercial and multifamily
investment and development.
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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