Done Deals: HFF announces sale of an LA Fitness-anchored retail center in the Atlanta MSA

L.A. Fitness at Village at Chapel Hill, Douglasville, GA

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.

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.

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.