$16.725 million sale of Publix-anchored retail center in Atlanta closed by HFF
ATLANTA, GA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $16.725 million sale of Hamilton Mill Village, an 88,710-square-foot retail center anchored by Publix in northeastern Atlanta, Georgia.
HFF marketed the property on behalf of an unidentified investment advisor. Phillips Edison Grocery Center REIT II, Inc. purchased the asset free and clear of existing debt.
Hamilton Mill Village is anchored by Publix, the No. 2 neighborhood grocer in the Atlanta MSA. Additional tenants of the 92-percent-leased center include Menchie’s Frozen Yogurt, Orange Theory Fitness, Subway, Riverside Pizza, Unleashed by Petco, C2 Education, Great Cuts and Pro Nails. Located at 2463 Hamilton Mill Parkway, the property is located across the street from the Hamilton Mill master-planned community, which is a private country club community with a Fred Couples signature golf course. Hamilton Mill Village is situated on 11.06 acres in the Suwanee/Buford submarket and is proximate to Interstate 85, which provides a direct route to and from downtown Atlanta
The HFF team representing the seller was led by senior managing directors Richard Reid and Jim Hamilton.
About Phillips Edison Grocery Center REIT II, Inc.
Phillips Edison Grocery Center REIT II, Inc. is a public non-traded real estate investment trust that seeks to acquire and manage well-occupied grocery-anchored neighborhood shopping centers having a mix of national and regional retailers selling necessity-based goods and services, in strong demographic markets throughout the United States. For more information on the company, please visit the website at www.grocerycenterREIT2.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.