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| Daniel Finkle |
MIAMI, FL, July 27, 2017 –
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the
sale of Clay Marketplace, a
66,165-square-foot community shopping center anchored by Publix in Birmingham,
Alabama.
HFF marketed the property
on behalf of the seller, Kite Realty Group Trust. The property was purchased free and clear of
financing.
Clay Marketplace is
anchored by Publix, the dominant grocery store in the region, and is 98 percent
leased to AutoZone, Subway, Phil Rose Shoes, Spirit Locker, Pasquale’s and
more.
Situated on 7.8 acres at 2121 Sweeney Hollow
Road, the center is in northeastern Birmingham on the west corner of the
intersection of Chalkville Mountain Road, Old Springville Road and Sweeny Hollow
Road, three of the trade area’s major roadways with combined traffic counts of
approximately 53,970 vehicles per day.
There are more than 48,000
residents earning an average annual household income of $64,747 within a
three-mile radius of Clay Marketplace.
The HFF team representing
the seller was led by senior managing director and co-head of HFF’s retail
practice Daniel Finkle, senior
managing directors Jim Hamilton and Brad Peterson and director Eric Williams.
“Clay Marketplace
represented a rare opportunity to acquire a dominant Publix-anchored shopping
center in Birmingham, Alabama, with strong tenant performance,” Hamilton said.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza,
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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