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| L.A. Fitness at Village at Chapel Hill, Douglasville, GA |
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| Jim Hamilton |
ATLANTA, GA, April 8, 2019 – Holliday
Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Village at Chapel Hill, a 62,719-square-foot
retail center anchored by an LA Fitness and ALDI (shadow) in Douglasville,
Georgia, an established bedroom community approximately 20 miles west of
downtown Atlanta.
HFF marketed the property on behalf of the
seller, Cole Credit Property Trust IV, Inc. LBX Investments purchased the
center.
Village at Chapel Hill was built in 2009 and was
approximately 97 percent occupied at the time of sale.
In addition to LA Fitness
and ALDI, the property boasted a well-tenured rent roll with a mix of local and
national tenants, including Yogli Mogli, Blue Agave Mexican Restaurant, Chapel
Hill Dentistry and One Main Financial.
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| Brad Buchanan |
There are more than 3.5 million square feet of retail space in the
immediate trade area and more than 39,000 people within a three-mile radius of
the property.
The HFF investment advisory team representing
the seller included senior managing director Jim Hamilton, directors Brad
Buchanan and Mike Allison and analyst Andrew Kahn.
About LBX Investments
LBX Investments owns and operates neighborhood
and community shopping centers located in the southeastern region of the
U.S.
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| Michael Allison |
LBX has developed a robust investment management platform that
includes best in class in-house and third-party leasing, property management,
asset management, construction, investor relations, finance and accounting
capabilities.
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| Andrew Kahn |
CONTACTS:
JIM HAMILTON
GA Lic. #270038
HFF Senior Managing Director
(404) 832-8460
BRAD BUCHANAN
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| Col. Yogli Mogli |
GA Lic. #351151
HFF Director
(404) 832-8460
MIKE ALLISON
GA Lic. #360267
HFF Director
(404) 832-8460
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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