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| Heritage Crossing, 3401 Raleigh Road Parkway West, Wilson, NC |
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| Travis Anderson |
CHARLOTTE, NC –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $23.275 million in
acquisition financing for Heritage
Crossing, a 311,030-square-foot, fully-occupied, grocery-anchored retail
power center in Wilson, North Carolina.
HFF worked on behalf of
the borrower, a partnership between Collett Capital, Return Holdings and
SilverCap Partners, to place the five-year, floating-rate loan with Bank of
North Carolina. Loan proceeds were used
to purchase the property.
Completed in 2006,
Heritage Crossing is anchored by Harris Teeter, Ross Dress for Less, Marshalls,
Best Buy, Belk, Bed Bath & Beyond and PetSmart and is shadow-anchored by
Target.
The 100-percent-leased
retail center is also home to national and regional tenants, including
Starbucks, Rue 21, Five Below, Payless, Kay Jewelers, Moe’s Southwest Grill,
Subway, AT&T Wireless, Cato and GNC.
Heritage Crossing is located at 3401 Raleigh Road Parkway West in
Wilson, a community approximately 50 miles east of downtown Raleigh and 40
miles west of Greenville. The center is
situated at the heavily-trafficked intersection of Raleigh Road Parkway and
Airport Boulevard, which has a combined traffic count of more than 40,000
vehicles per day.
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| Cory Fowler |
The HFF debt placement
team representing the borrower was led by senior managing director Travis Anderson and associate director Cory Fowler.
“Proven by its strong
national tenant lineup and 100-percent occupancy, Heritage Crossing is regarded
by many as the best location in town, as it is positioned along two major
thoroughfares with excellent visibility,” said Fowler.
“This strong partnership and asset will be
further enhanced by Collett’s unique understanding of the property’s strengths
and previous working relationships with the tenants, as Collett developed the
center in 2006.”
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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