WILLIAMSBURG, VA—Armada Hoffler Propertiesannounced plans to redevelop the now shuttered WilliamsburgOutlets into a grocery-anchored shopping center. The REIThas already inked a 53,000-square foot lease with HarrisTeeter. The shopping center will support another35,000-square feet of retail.

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Armada Hoffler is developing the center under a JV in which itis the majority partner. The REIT didn't say who the partner was,or if it had one in place for the project.

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Phase one of the project consists of approximately 88,000 squarefeet, expected to deliver in early 2016. Construction will begin inthe third quarter of 2014. Phase two would consist of another42,000 square feet.

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Based in Virginia Beach, Armanda Hoffler has a solid butunderstated presence in the Mid-Atlantic. Its transactions rangefrom one-off deals such as its recent $70 million acquisition of Liberty Apartments,to multiple developments in Baltimore. The former is part of a $70million public-private mixed-use development in Newport News, VA,that also includes the Newport News Apprentice School ofShipbuilding and a garage.

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In Baltimore, the REIT made a name for itself by constructingthe majority of the buildings in Harbor East. The company recentlycompleted the Under Armour Station House and is the generalcontractor for the Hyatt Place Baltimore / Inner Harbor Hotel,which broke ground last August and is expected to deliver in Fall2014.

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