HFF announces £12.69 million financing for open-air shopping center in Chesterfield, England

Vicar Lane, Chesterfield, England

LONDON, ENGLAND –– HFF Real Estate Limited (HFF) announces £12.69 million in acquisition financing for Vicar Lane, a 216,790-square-foot, open-air shopping centre in Chesterfield, England.

Edward Daubeney

The HFF team worked on behalf of the borrower, ALTERIS to place the five-year, fixed rate loan with AgFe. 

Vicar Lane was completed in 2000 as a purpose-built, open-air centre with views of the famous crooked spire of Chesterfield’s Church of St Mary and All Saints, which draws more than three million day trippers visiting annually. 

Anchored by TJ Hughes and H&M, the 95-percent-leased centre is also home to River Island, Iceland JD Sports, New Look, Superdrug, Deichmann, Waterstones, Holland & Barrett, Clydesdale Bank, O2 and Three Store.

The HFF debt placement team working on behalf of ALTERIS included managing director Edward Daubeney.

“This transaction proves there is demand for well-let retail opportunities with ongoing tenant demand and a good future,” Daubeney said. 

CONTACTS:

EDWARD DAUBENEY

HFF Managing Director
+44 (0)20 7509 6700

edaubeney@hfflp.com

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

+1 (713) 852-3420

ksteele@hfflp.com

Robert C. Legler Retires As Chairman Of National Retail Properties, Inc. – Don DeFosset Appointed Chairman

Robert C. Legler

Orlando, FL – National Retail Properties, Inc. (NYSE: NNN), announced Robert C. Legler has retired as Chairman and a member of the Board of Directors effective December 20, 2018.

Mr. Legler has served as a director of the company since 2002 and Chairman since April 2017. The Board has appointed Don DeFosset as Chairman of the Board effective December 20, 2018.

Don DeFosset

Jay Whitehurst, CEO of National Retail Properties, said: “I want to thank Bob Legler for 16 years of outstanding service on the Board of Directors of National Retail Properties, including the last two years as Chairman of the Board.

"Bob played an important role in our success, and we benefited greatly from his wise counsel and steady hand. On a personal note, Bob has served as an influential mentor to me, and I want to thank him for all his support and guidance over the past 16 years.

"I look forward to working closely with our new Chairman, Don DeFosset, as National Retail Properties continues to create shareholder value by consistently growing our per share results on a multi-year basis.”

Jay Whitehurst

DeFosset said, “Bob Legler has been an exemplary director for 16 years and Chairman for the past two years. 

"All of us on the Board appreciate his service and dedication, and we wish Bob well in his retirement. 

"I also want to thank my fellow directors for the privilege of serving as the next Chairman of the Board of National Retail Properties. Our company is well positioned for continued success as we approach 2019 and the years thereafter.”

Mr. DeFosset has served as a director since 2008. He retired in November 2005 as Chairman, President and Chief Executive Officer of Walter Industries, Inc., and also serves on the boards of directors for Regions Financial Corporation, ITT Corporation and Terex Corporation and serves on the board of Trustees for the University of Tampa.

CONTACT:

 Kevin B. Habicht 
Chief Financial Officer 
(407) 265-7348

 www.nnnreit.com.