Jan
04

Hilton Head Fresh Market Center Sold

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fresh market shoppesHolliday Fenoglio Fowler, L.P. (HFF) has announced that it has secured $13.437 in acquisition financing for Fresh Market Shoppes, an 86,694-square-foot retail center anchored by The Fresh Market in Hilton Head, South Carolina.

HFF worked on behalf of the borrower, Ferncroft Capital, to secure the loan through Synovus Bank.

Redeveloped in 2004, Fresh Market Shoppes is 91.2 percent leased and home to 16 tenants, including The Fresh Market, Bonefish Grill, Dollar Tree, Massage Envy and West Marine. Situated on 9.73 acres at 890 William Hilton Parkway, the center is located on Hilton Head Island, an affluent resort community with more than 37,000 year-round residents. The center’s location along Hilton Head’s main street has a traffic count of more than 33,900 vehicles per day, and the site is bound by two golf clubs, Long Cove Golf Club to the northwest and the Shipyard Plantation Golf Course to the southeast. Additionally, Fresh Market Shoppes is positioned near multiple upscale residential neighborhoods.

The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson and associate director Cory Fowler.

Categories : Hilton Head Island

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