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Portfolio of 10 grocery- and necessity-anchored retail centers listed for sale by HFF

09/23/2015

ATLANTA, GA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been engaged by DDR-SAU Retail Fund, LLC to market for sale a portfolio of 10 grocery- and necessity-anchored retail centers totaling more than 1 million square feet located in the south-central portion of the United States. 

The portfolio is 96 percent leased and is being offered on either a portfolio or individual asset basis, free and clear of any debt.  The portfolio consists of: North Carolina properties South Square and Patterson Place in Durham, Wendover Village Phase II in Greensboro, Alexander Pointe in Charlotte, and Harper Hill Commons in Winston-Salem; Waynesboro Commons in Waynesboro, Virginia; North Hampton Market in Greenville, South Carolina; Broadmoor Plaza in South Bend, Indiana; and Tennessee properties Willowbrook Commons in Nashville and Oakland Marketplace in Memphis.  Each property is either anchored or shadow anchored by a grocer or necessity retailer, such as Harris Teeter, Kroger, Total Wine & More, Target, Costco and Sam’s Club.  Other notable national retailers include Bed Bath & Beyond, Ross Dress for Less, Petco, PetSmart, Office Depot and Staples.

The HFF team representing the seller is being led by senior managing directors Jim Hamilton and Richard Reid, managing director John Owendoff and director Clinton Mitchell. 

“The portfolio represents a rare opportunity to acquire a critical mass of dominant grocery and necessity anchored retail centers with seasoned tenancy located in established retail submarkets,” Hamilton said. 

About DDR Corp.
DDR Corp. (DDR) is an owner and manager of 401 value-oriented shopping centers representing 119 million square feet in 41 states and Puerto Rico.  The company's portfolio is comprised primarily of large-format power centers located in top markets across the United States, and is actively managed to create long-term shareholder value.  DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR.  Additional information about the company is available at www.ddr.com.

About HFF
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.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina  and Indiana licensed real estate broker.

09/23/2015 - 18:15

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HFF

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