VIRGINIA BEACH, VA—A retail portfolio sale that thelocally-based Armada Hoffler Properties REITannounced last month has closed with missing detailsfilled in.
Armada Hoffler reported that it was acquiring 11 retailcenters located throughout the Mid-Atlantic and south central USfor $170.5 million in cash.
The portfolio is 94% leased and totaled 1.1-million square feet,it said.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
