FLORHAM PARK, NJ-Equity Investment Group of Atlanta has acquired a portfolio of three shopping centers from New York City-based Guardian Life Insurance Co. The trio of properties, all located in the southeastern US, total just over 185,000 sf. Equity Investment bought the 100% fee interest in the properties free and clear of existing debt.
The sale marks one of the first major transactions brokered by the new investment sales group of the New Jersey office of Holliday Fenoglio Fowler here. HFF managing directors Peter S. Nicoletti and Joseph J. Garibaldi marketed the properties exclusively for Guardian. Prices were not disclosed.
The largest of the three properties is the 81,000-sf Northridge Plaza in Meridian, MS. Located at 2934 North Hills Rd. there, Northridge is anchored by a Food Max supermarket, Dollar General, Quizno's and H&R Block.
The second property is Walton Plaza, a 62,000-sf strip center on Route 331 in DeFuniak Springs, FL, anchored by Cato, HealthSouth and and Sunbelt Credit Corp. The third property is Alco Plaza in Brewton, AL, a 42,000-sf strip anchored by Dollar General and Subway.
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