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| Connexion Retail Center, Roswell, GA |
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| Jim Hamilton |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announces the sale and acquisition financing for Connexion,
a 106,403-square-foot, internet-resistant specialty
retail center in the city of Roswell, an affluent submarket of Atlanta,
Georgia.
The HFF team marketed the
properties on behalf of the seller, Hawthorne Real Estate
Partners. DNA Partners purchased the assets free and clear of
existing debt.
Additionally, the HFF team worked on behalf of the new owner to
place the five-year, non-recourse, fixed-rate acquisition loan with a global
bank. HFF will service the securitized loan.
The property is located
approximately 25 miles north of downtown Atlanta and is less than one mile from
GA-400, one of Atlanta’s major north-south thoroughfares that connects the
northern suburbs to Atlanta’s most prominent office markets.
 |
| Brad Buchanan |
The property underwent a
multi-million-dollar renovation over the last several years and boasts a
well-curated rent roll with a variety of everyday uses, including restaurants,
a brewery, fitness, fine furnishings, veterinary clinic, pharmacy and other
service-oriented uses.
The HFF investment advisory team
representing the seller included senior managing director Jim Hamilton,
directors Brad Buchanan and Michael Allison and associate Shea
Petrick.
The HFF debt placement team
representing the new owner consisted of managing director Chip Sykes and
associate Libby Malloy.
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| Libby Malloy |
DNA Partners acquires and
manages commercial properties in select markets with strong demographics and
economic drivers. Since its inception in 2002, DNA has purchased over 3.2
million square feet.
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| Chip Sykes |
CONTACTS:
JIM HAMILTON
GA Lic. #270038
HFF Senior Managing Director
(404) 832-8460
BRAD BUCHANAN
HFF Director
(404) 832-8460
CHIP SYKES
HFF Managing Director
(404) 832-8460
KIMBERLY STEELE
HFF Digital Content/Public
Relations Specialist
(713) 852-3420
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