Oct
02

Charleston Retail Center Part of Portfolio Sale

By

HFF announced today that it has closed the sale of a 96.5-percent-occupied retail portfolio consisting of seven Publix, Kroger and BI-LO-anchored shopping centers totaling 513,723 square feet throughout Florida, Georgia, South Carolina and Texas.

HFF marketed the portfolio on behalf of the sellers, a joint venture between BVT Equity Holdings, Inc. and WealthCap.

The properties include: Kingwood Glen in Houston, Texas; Doral Isles in Miami, Florida; Barclay Crossing in Tampa, Florida; Deltona Landings in Orlando, Florida; Parkway Centre in Columbus, Georgia; Publix at Powder Springs in Atlanta, Georgia; and Sweetgrass Corners in Charleston, South Carolina.

The HFF investment sales team representing the sellers was led by managing director Richard Reid, senior managing director Danny Finkle and managing director Ryan West. Senior managing director Rusty Tamlyn and managing directors Jim Hamilton and Luis Castillo also assisted with the transaction.

“The Sunbelt Grocery Portfolio represented an exceptional opportunity to acquire a critical mass of dominant grocery-anchored properties in prime real estate markets throughout the southern United States,” Reid said.

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