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| Palm Coast Landing, Palm Coast, FL |
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| Brad Peterson |
HFF team marketed the property on behalf of the seller, a publicly traded
REIT. Acadia Realty Trust purchased the center.
Completed in 2008, Palm Coast Landing is the largest, most central and
most dominant shopping center in Flagler County, which is about 24 miles north
of Daytona Beach.
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| Daniel Finkle |
Situated on 21.3 acres at 5200 East Highway 100, Palm
Coast Landing is at the epicenter of Town Center at Palm Coast, a 1,557-acre
Development of Regional Impact (DRI) near
the geographic center of Palm Coast and a recently designated Opportunity
Zone.
The HFF investment advisory team representing the seller included senior
managing director Brad Peterson, senior managing director and co-head of
HFF’s retail practice Daniel Finkle, senior director Whitaker
Leonhardt and associate Ryan Stoffer.
“Palm Coast Landing received strong interest because it is a seasoned and
proven market-dominant regional shopping center in a high-growth area along
Florida’s east coast,” Peterson said.
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| Whitaker Leonhardt |
About Acadia Realty Trust
Acadia Realty Trust is an equity real estate investment trust focused on
delivering long-term, profitable growth via its dual – Core and Fund –
operating platforms and its disciplined, location-driven investment
strategy.
Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
CONTACTS:
BRAD PETERSON
FL Lic. #BK3162030
HFF Senior Managing Director
(407) 745-3900
DANIEL FINKLE
FL Lic. #SL3043501
HFF Senior Managing Director
(305) 448-1333
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
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