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| Spivey Junction, 1748 Hudson Bridge Road, Stockbridge, GA |
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| Jim Hamilton |
ATLANTA, GA – HFF announced it has closed the $11.75 million
sale of Spivey Junction, an 81,475-square-foot neighborhood retail
center in the Atlanta suburb of Stockbridge, Georgia.
HFF
marketed the property on behalf of the seller, Entry Point Capital, LLC. Phillips Edison Grocery Center REIT II, Inc.
& Company purchased the offering.
Spivey Junction is located at 1748 Hudson Bridge Road at the northeast
corner of the Hudson Bridge and Flippen Roads intersection, less than 25 miles
southeast of downtown Atlanta.
Kroger,
which anchors the center, is ranked the No. 1 grocer in the Atlanta metro
statistical.
The center is 91 percent
leased to a variety of other national and regional tenants, including Kroger’s fuel
center, Great Clips, Goodwill, Workout Anytime, Subway, Domino’s Pizza and
Miracle Ear.
The
HFF investment sales team representing the seller was led by managing directors
Jim Hamilton and Richard Reid and real estate analysts Mike Allison,
Pete Anastasi and Brad Buchanan.
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| Richard Reid |
Phillips Edison Grocery Center REIT II, Inc. is a public
non-traded real estate investment trust that seeks to acquire and manage
well-occupied grocery-anchored neighborhood shopping centers having a mix of
national and regional retailers selling necessity-based goods and services, in
strong demographic markets throughout the United States.
As of January 6, 2014, the company owned and
managed an institutional quality retail portfolio consisting of 20
grocery-anchored shopping centers totaling approximately 2.3 million square
feet.
For more information on the
company, please visit the website at www.grocerycenterREIT2.com
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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