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| Richard Reid |
ATLANTA, GA – HFF announced it has closed the sale of a
96.5-percent-occupied retail portfolio consisting of seven Publix-, Kroger- and
BI-LO-anchored shopping centers totaling 513,723 square feet throughout
Florida, Georgia, South Carolina and Texas.
HFF
marketed the portfolio on behalf of the sellers, a joint venture between BVT
Equity Holdings, Inc. and WealthCap.
The
properties include: Kingwood Glen in Houston, Texas; Doral Isles in Miami,
Florida; Barclay Crossing in Tampa, Florida; Deltona Landings in Orlando,
Florida; Parkway Centre in Columbus, Georgia; Publix at Powder Springs in
Atlanta, Georgia; and Sweetgrass Corner in Charleston, South Carolina.
The
HFF investment sales team representing the sellers was led by managing director
Richard Reid, senior managing director Danny Finkle and managing
director Ryan West. Senior managing
director Rusty Tamlyn and managing directors Jim Hamilton and Luis
Castillo also assisted with the transaction.
 |
| Danny Finkle |
“The
Sunbelt Grocery Portfolio represented an exceptional opportunity to acquire a
critical mass of dominant grocery-anchored properties in prime real estate
markets throughout the southern United States,” Reid said.
BVT is a German registered investment advisor on behalf of
foreign institutional and retail investors with offices in Munich, Germany and
Atlanta, Georgia.
Since 1976, BVT has placed over 180 closed-end funds with a
total investment value of over $7.2 billion in real estate and alternative
equity opportunities.
As a fiduciary, BVT also provides asset management, property
management, and tax services for its investors. For more information please visit bvt.com
or bvt.de.
WealthCap is one of Germany's market leaders in investments
in real assets. With almost 30 years of
investment expertise, WealthCap has access to high quality investment
opportunities in many attractive asset classes and markets that we translate
into clear investment offerings tailored to individual investment
objectives.
 |
| Ryan West |
They develop products for both private investors and
structured solutions for the particular requirements of professional investors. Approximately 216,000 investors have now
made investments in 138 shareholdings.
Around EUR 7.3 bn of equity has been invested in total.
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 |
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