 |
| Richard Reid |
ATLANTA, GA – HFF announced today that it has closed the
sale of The Village at Millers Chapel and Trowbridge Crossing,
two Publix-anchored retail properties totaling approximately 137,000 square
feet in Atlanta, Georgia.
HFF
marketed the properties on behalf of Columbia Properties Inc. BIG Shopping Centers purchased both assets
for $25.75 million in a joint venture structure with the seller. HFF also arranged fixed-rate acquisition
financing through Lincoln Financial Group for The Village at Millers
Chapel. BIG assumed the existing life
company loan on Trowbridge Crossing.
The
Village at Millers Chapel is situated on 9.77 acres at 2159 GA Highway 20 in
Conyers, southeast of downtown Atlanta.
Completed in 2012, the property has 74,600 square feet that is 98
percent leased to tenants including Publix and Kauffman Tire.
Trowbridge Crossing is located on a 7.7-acre site at 7507 Roswell Road
in the North Atlanta suburb of Sandy Springs.
The property was renovated in 2013 and is 96.4 percent leased to tenants
including Publix and the US Post Office .
The
HFF investment sales team representing the seller was led by managing directors
Richard Reid and Jim Hamilton.
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
krmurphy@hfflp.comwww.bigcentersusa.com
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