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| Haggen Food & Pharmacy grocery stores, Washington, Oregon, California |
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| Bryan Ley |
ALLAS, TX –
June 8, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
closed the sale leaseback of two separate portfolios totaling 39 Haggen Food & Pharmacy grocery stores
spanning Washington, Oregon and California.
Additionally, HFF arranged financing for 19 of the stores.
HFF marketed
the properties on behalf of Haggen Inc. (Haggen) and arranged the floating-rate
financing for the 19 properties. Haggen
entered into long-term leases with the purchasers.
Haggen
purchased 146 stores from Albertson’s as part of a $9.4 billion merger between
Safeway Inc. and AB Acquisition LLC, the owner of Albertson’s LLC.
This expansion grows the Haggen Food &
Pharmacy portfolio from 18 stores in Washington and Oregon to 164 stores in
five western states.
The HFF
investment sales team representing the seller was led by senior managing
directors Mark West, Timothy Hall and
Bryan Ley, managing directors Brandon
Chavoya and Coler Yoakam and real estate analysts Michael George and Campbell Black.
Founded in
1933, Haggen Inc. has long been one of the Pacific Northwest's leading grocery
chains. The Bellingham, Washington-based
company has historically operated stores in Washington and Oregon under the
Haggen Northwest Fresh banner, but will now be operating stores in California,
Arizona and Nevada as well.
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| Brandon Chavoya |
Haggen is
dedicated to providing its guests with the best fresh, local, organic and
gluten free products. For more than 80
years, it has supported regional farms, ranches, fisheries and other
businesses, creating a lasting and sustainable local food economy.
Haggen is also deeply rooted in the
communities it serves, providing support to local events and partnerships.
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
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