ATLANTA—Unique is a good word to describe this grocery-anchored portfolio sale. A 96.5% occupied collection of seven grocery-anchored shopping centers has traded hands.
The Sunbelt Portfolio includes Publix-, Kroger- and BI-LO-anchored shopping centers spanning 513,723 square feet throughout Florida, Georgia, South Carolina, and Texas. HFF marketed the portfolio on behalf of the sellers, a joint venture between BVT Equity Holdings and WealthCap.
“The Sunbelt Grocery Portfolio represented an exceptional opportunity to acquire a critical mass of dominant grocery-anchored properties in prime real estate markets throughout the southern United States,” Richard Reid, a managing director at HFF, tells GlobeSt.com. Reid worked with senior managing director Danny Finkle and managing director Ryan West to close the deal. HFF senior managing director Rusty Tamlyn and managing directors Jim Hamilton and Luis Castillo assisted.
The properties include: Kingwood Glen in Houston; Doral Isles in Miami; Barclay Crossing in Tampa, FL; Deltona Landings in Orlando; Parkway Centre in Columbus, GA; Publix at Powder Springs in Atlanta; and Sweetgrass Corner in Charleston, SC.
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