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| The Cavalier Portfolio of 11 properties totaling one million square feet in Eastern U.S. markets |
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| Amy Sands |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of The Cavalier Portfolio, an 11-property
necessity-anchored retail portfolio totaling more than one million square feet
in the central and eastern portions of the United States.
HFF marketed the portfolio
on behalf of the seller, a partnership between DDR Corp. and TIAA-CREF. Armada Hoffler Properties, Inc. purchased the
portfolio.
The portfolio is comprised
of dominant retail assets throughout the Carolinas, Virginia, Tennessee,
Indiana and Texas, with the largest concentration of assets located in North
Carolina.
The portfolio boasts national
retailers such as Harris Teeter, Kroger, Bed Bath & Beyond, Costco, Super
Target, DSW, Ross Dress for Less, Total Wine & More, Five Below, GolfSmith,
Petco, PetSmart, Office Depot and Staples.
The HFF team representing
the seller was led by senior managing directors Jim Hamilton and Richard
Reid, managing director John
Owendoff, and directors Amy Sands,
Clinton Mitchell and Jordan Lex.
“The Cavalier Portfolio
represented a unique opportunity to acquire 11 first-in-class,
necessity-anchored retail assets that allowed the buyer to strategically
acquire significant retail scale, specifically in the Southeast, and establish
an immediate retail presence in dominant markets across the central and eastern
United States,” Hamilton said.
For a complete copy of the company’s news
release, please contact:
Kristen M. Murphy
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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