The Hampshire Companies and The Ferber Company Acquire Retail Center in Florida Keys
Big Pine Key, Fla. (February 28, 2014) --The Hampshire Companies, a full service, private real estate investment firm with equity in assets valued at more than $2.5 billion, announced the acquisition of Big Pine Key Shopping Center. The 93,150 square-foot retail center includes three retail buildings located at 151-291 Key Deer Boulevard in Big Pine Key, Fla. The acquisition is a joint venture with The Ferber Company, a privately held real estate development and investment companybased in PonteVedra Beach, Fla. Claude Gardner, of Prudential Knight & Gardner Realty, represented the seller, Big Pine Shopping Center, LLC.
Spanning more than 8.5 acres, the property is 90 percent leased and includes major long-term tenants such as Winn-Dixie Supermarket and Bealls Outlet Store. The retail center offers direct access to Overseas Highway (US Route 1).
“As the only major shopping center within a 20-mile radius, Big Pine Key Shopping Center is ideally positioned to serve residents and the more than 4 million tourists who visit each year,” said Ray Ayers, Investment Manager for The Hampshire Companies. “The asset’s ability to produce stable cash flow coupled with its large tenant base and strong market position make this an attractive addition to Hampshire and The Ferber Company’s retail portfolios.”
The Ferber Company is the leasing agent for the 8,700 square-feet of retail space currently available. For leasing information, please call (561) 625-9125.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, N.J. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at www.hampshireco.com.
About The Ferber Company
The Ferber Company is a privately held real estate development and investment company headquartered in Ponte Vedra Beach, Fla., with offices in Clearwater and Juno Beach, Fla., as well as Basking Ridge, N.J. Established in 1907, the company has put its expertise and capital strength to the test, developing a broad array of commercial real estate projects for nationally known retailers throughout Florida, New Jersey and eastern regions of Georgia and Pennsylvania. The Ferber Company tailors strategies to each client, offering market analysis; site identification; build-to-suit development for individual buildings/stores to major market initiatives; development services, including site acquisition, entitlements, permitting, design review, engineering and construction management; market repositioning to maximize current and long-term asset returns; property sales and leasing; and investment management. For more information, visit www.ferbercompany.com.
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