ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured
acquisition financing for a six-property, grocery-anchored retail portfolio
totaling 535,252 square feet in Georgia, Alabama and South Carolina.
 |
| Jim Hamilton |
HFF marketed the
properties on behalf of the seller, InvenTrust Properties Corp. Preferred Apartment Communities, Inc. (NYSE:
APTS), through its retail subsidiary New Market Properties, LLC, purchased the
assets.
Working on behalf of the new
owner, HFF also placed four separate fixed-rate acquisition loans. Two
properties were purchased in all-cash transactions.
The 96-percent-occupied
portfolio comprises Anderson Central and Fairview Market in
Greenville-Spartanburg, South Carolina; Rosewood Shopping Center in Columbia,
South Carolina; East Gate Shopping Center and Fury’s Ferry in Augusta, Georgia;
and Southgate Village in Birmingham, Alabama.
Five of the properties are anchored by Publix and one property is
anchored by Walmart Supercenter.
The HFF investment sales
team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid.
The HFF debt placement
team representing the borrower was led by senior managing director Ed Coco.
“The portfolio allowed the
buyer to acquire a critical mass of six well-positioned, high-volume,
grocery-anchored centers with an established tenancy located throughout the
southeast,” Hamilton said.
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Marketing
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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