Done Deals: HFF announces the sale and financing of specialty retail center in Roswell, GA

Connexion Retail Center, Roswell, GA

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.

Libby Malloy

Hawthorne Retail Partners acquires and proactively repositions underperforming retail properties in the major metropolitan areas of the Southeast.

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.

Chip Sykes

The company’s criterion includes high growth markets, below market rents or expansion potential, strong sales, significant linear frontage for maximum visibility and reasonable potential for capital appreciation through management and leasing opportunities.

Learn more athttp://www.dnapartners.com.

CONTACTS:

JIM HAMILTON

GA Lic. #270038

HFF Senior Managing Director

(404) 832-8460

jhamilton@hfflp.com

BRAD BUCHANAN

HFF Director

(404) 832-8460

bbuchanan@hfflp.com

CHIP SYKES