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| Publix at St. Andrews Shopping Center, 5455--5489 Northwest St. James Drive, Port St. Lucie, FL |
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| Daniel Finkle |
MIAMI, FL – HFF announced today that it has closed the sale
of Publix at St. Andrews, a 65,271-square-foot neighborhood shopping
center in Port St. Lucie, Florida.
HFF
marketed the property on behalf of a client portfolio managed by American
Realty Advisors. Publix Super Markets,
Inc. purchased the unencumbered property.
Publix at St. Andrews is located at 5455-5489 Northwest
St. James Drive in Port St. Lucie, and is the only grocery-anchored center
within a two-mile radius. Completed in
2003, the property is 87.1 percent leased to tenants including Hair Cutlery,
Subway, H&R Block and the UPS Store.
The HFF investment sales team representing the seller was
led by senior managing director Danny Finkle and director Luis
Castillo.
“This was an excellent opportunity for Publix to buy a high
performing store location within a growing market,” said Castillo.
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| Luis Castillo |
HFF’s investment sales team secured more than $1.7 billion
in sales of retail assets nationally through third quarter of 2013. In Florida, HFF closed more than $476
million in retail transactions across all capital markets platforms over the
same period.
American Realty Advisors is an investment advisor and a
leading provider of real estate investment management services to institutional
investors.
With more than $5.7 billion in assets under management,
American has provided real estate investment management services to
institutional investors for more than 25 years utilizing core and value-added
commingled funds and separate accounts.
The firm’s client portfolios include office, industrial,
multifamily, retail, and other properties nationwide, all of which are managed
on behalf of American’s clients.
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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