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| Golden Park Village Retail Center, Buford, GA |
(Photo by Pat
Kelly of Sky Shots Photography)
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| Daniel Finkle |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Golden Park Village, a
68,738-square-foot, Publix-anchored neighborhood retail center in the northern
Atlanta suburb of Buford, Georgia.
Phillips Edison Grocery
Center REIT II, Inc. purchased the asset free and clear of existing debt.
Located at 4840 Golden
Parkway in Buford, Golden Park Village is situated at the “main and main”
intersection of Interstate 985 and Lanier Islands Parkway approximately three
miles east of Lake Lanier, which attracts roughly 7.5 million visitors each year.
More than 24,000 residents
earning an average annual income of more than $86,000 live within a three-mile
radius of the center and nearly 81,000 vehicles pass the property each day.
Golden Park Village is 92 percent leased to a variety of tenants, including
Publix, The UPS Store and Great Clips.
The HFF investment sales
team representing the seller was led by senior managing directors Danny Finkle, Jim Hamilton and Richard Reid
and managing director Luis Castillo.
“Golden Park Village
represented a rare opportunity to acquire a high-performing, Publix-anchored
shopping center with limited grocer competition and value-add potential,”
Hamilton said.
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
Director, Public Relations
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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