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| Jim Hamilton |
ATLANTA, GA – HFF announced it has closed the $15.8 million
sale of Coleman Village, a 90,958-square-foot, grocery-anchored retail
center in the Atlanta suburb of Roswell.
HFF
marketed the property on behalf of the seller, Wharton Realty Group. Principal Real Estate Investors purchased
the asset for $15.8 million free and clear of existing debt.
Coleman Village is located at 1050 Marietta Highway, the dominant artery
that connects Roswell to Marietta, Georgia.
Completed in 2001, Coleman Village is 96 percent leased to
tenants including Kroger, Kauffman Tire, El Porton Mexican Restaurant, Kani
House Steak and Sushi, Subway, Starbucks and The UPS Store.
The
HFF team representing the seller was led by managing directors Jim Hamilton
and Richard Reid.
Wharton Realty Group strongly believes that the future of
the real estate business will provide an unparalleled success to any other
industry. Their diversified portfolio
consists of shopping centers and office buildings, providing space for over one
thousand tenants across the country.
 |
| Richard Reid |
This diversity allows the company to take advantage of economies of
scale, which plays an integral role in any prosperous venture.
The corporate strategy, formulated to
maintain and develop Wharton Realty as a premier real estate company and
provide the finest working environment for all tenants has changed little over
the last decade.
This strategy has
proven to increase the value of our portfolio and satisfy shareholders.
Principal Real Estate Investors manages or subadvises $52.6
billion in commercial real estate assets. The firm’s real estate capabilities
include both public and private equity and debt investment alternatives.
Principal Real Estate Investors is the dedicated real estate group of Principal
Global Investors, a diversified asset management organization and a member of
the Principal Financial Group®.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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