 |
| McFarland Plaza Shopping Center, Tuscaloosa, AL |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announces the sale of and financing for McFarland Plaza Shopping Center, a
234,124-square-foot retail center with multiple national anchors in Tuscaloosa,
Alabama.
The HFF team marketed the
property for the seller, a partnership between DDR Corp. and TH Real
Estate. GBT Realty Corporation purchased
the asset. Additionally, working on behalf
of the new owner, the HFF team placed the three-year, floating-rate loan with
Värde Partners. Loan proceeds will be
used to fund the acquisition of the property and to execute a capital and
leasing plan to stabilize the property.
 |
| Jim Hamilton |
McFarland Plaza Shopping
Center is anchored by T.J. Maxx, Ross Dress for Less, Michaels and Stein Mart
and also home to Cato, Dollar General, H&R Block, Pet Supplies Plus, Nail
Club and Lendmark Financial.
Situated on 20 acres at 2600 McFarland
Boulevard East, the center is located on Tuscaloosa’s dominant retail artery
and is exposed to more than 58,000 vehicles per day. Additionally, McFarland Plaza Shopping Center
is one mile south from the University of Alabama, the largest university in Alabama
with almost 38,000 students and more than 13,000 employees.
The HFF investment sales
team representing the seller included senior managing directors Jim Hamilton and Richard Reid and associates Mike
Allison and Brad Buchanan.
The HFF debt placement
team representing the borrower consisted of managing director Bill Fishel and director Matthew Stewart.
For more information on this press 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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