Friday, January 16, 2015

HFF closes $11.75 million sale of suburban Atlanta Kroger-anchored retail center


Spivey Junction, 1748 Hudson Bridge Road, Stockbridge, GA

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. 

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

No comments:

Post a Comment