Sale of Atlanta-area power center closed by HFF
ATLANTA, GA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Windward Plaza, a 152,648-square-foot retail center with multiple national anchors in the Atlanta suburb of Alpharetta, Georgia.
HFF marketed the property on behalf of the seller, Columbus Pacific Properties. Stockbridge Capital Group, LLC purchased the asset free and clear of existing debt.
Situated on 14.5 acres at 5530 Windward Parkway, Windward Plaza is less than 30 miles from downtown Atlanta in Alpharetta, one of Georgia’s most affluent suburbs and a popular office submarket. The center is positioned at the northwest corner of GA 400 and Windward Parkway, a heavily trafficked interchange with more than 160,000 vehicles per day. The property is anchored by LA Fitness, hhgregg and Office Depot.
The HFF team representing the seller is being led by senior managing directors Jim Hamilton and Richard Reid.
About Columbus Pacific Properties
Columbus Pacific Properties (CPP) was founded in 1995 by Brian Shirken and Rick Margolis. The two partners had worked together the prior seven years at a national real estate investment company, where they were involved in real estate acquisitions, development, financing, leasing, management and operations. Since 1995, CPP has purchased and redeveloped more than five million square feet of retail properties and 3,100 multi-family units. The company has provided more than $200 million in mezzanine and equity capital, funding projects with an underlying value in excess of $1.4 billion. CPP's experience is characterized by successful, long-term relationships with investors, financial institutions, developers, brokers, tenants, architects, construction companies, management companies and municipalities. CPP's executive offices are located in Santa Monica, California. Learn more at www.columbuspacific.com.
About Stockbridge Capital Group, LLC
Stockbridge Capital Group, LLC (Stockbridge) is a real estate investment management firm which, together with its affiliates, has approximately $8.8 billion in real estate and real estate-related assets under management as of September 30, 2014. Stockbridge’s investment portfolio comprises more than 30 million square feet of existing office, industrial, retail, hospitality and residential properties throughout the United States. In addition to real estate ownership, Stockbridge also specializes in large-scale development and redevelopment projects. Stockbridge is headquartered in San Francisco with offices in Chicago, New York, Atlanta and Los Angeles. For more information, please visit www.stockbridgerealestate.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.