 |
| Ferry Pass Plaza, 8102 North Davis Highway, Pensacola, FL |
ORLANDO, FL
- June 9, 2015 - Holliday Fenoglio
Fowler, L.P. (HFF) announced today that it has closed the sale of Ferry Pass Plaza, a 115,198-square-foot
community retail center in Pensacola, Florida.
 |
| Brad Peterson |
HFF arranged
the sale of the property on behalf of the seller, Phillips Edison &
Company. Albanese Cormier Holdings
purchased the asset free and clear of existing debt.
Ferry Pass
Plaza is situated on a dominant 12.3-acre corner at 8102 North Davis Highway
near where it intersects with Interstate 10.
North Davis Highway (SR 291) is one of the primary retail corridors in
Pensacola with traffic counts exceeding 60,500 cars per day.
The center is across the street from West
Florida Hospital and less than three miles from the University of West
Florida. Anchor tenants of the
96.9-percent-leased center include Ross Dress for Less, Dollar Tree and Dirt
Cheap.
The HFF
investment sales team representing the seller was led by senior managing
director Brad Peterson and associate
director Whitaker Leonhardt.
“HFF has
been extremely active in the Florida Panhandle and continues to see a healthy
amount of interest in the region from investors,” Peterson said. “Ferry Pass Plaza presented a unique opportunity
to invest in high-quality real estate in a tightly-concentrated Pensacola
submarket with the future opportunity to add value or re-position the
asset.”
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
No comments:
Post a Comment