HFF announces sale of LA Fitness-anchored retail center in Pembroke Pines

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MIAMI, FL – December 27, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of LA Fitness at Chapel Trail Plaza, a 56,378-square-foot, fully leased, LA Fitness-anchored shopping center in the South Florida community of Pembroke Pines, Florida.

The HFF team marketed the property on behalf of the seller, Regency Centers. 

The LA Fitness at Chapel Trail Plaza houses the only LA Fitness location within a five-mile radius. The property is situated on 10.25 acres at 18445 Pines Boulevard on one of Broward County’s busiest east-west roadways and one that serves as the primary retail corridor for the Pembroke Pines retail submarket.  LA Fitness at Chapel Trail Plaza is at the intersection of Pines Boulevard and SW 184th Street and is visible to more than 50,000 vehicles a day.  More than 94,700 residents earning an average annual household income of $116,993 live within a three-mile radius of the property.

The HFF team that represented the seller included senior managing director and co-head of HFF’s retail practice Daniel Finkle, managing director Luis Castillo and director Eric Williams.

Lifestyle- and fitness-anchored centers continue to attract strong investor interest, particularly in growth markets like Florida,” Williams said. “LA Fitness at Chapel Trail Plaza represented the opportunity to acquire a dominant, high-traffic LA Fitness located in one of South Florida’s top-tier retail submarkets.”

About Regency Centers

Regency Centers is the preeminent national owner, operator and developer of shopping centers located in affluent and densely populated trade areas.  The company’s portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers and best-in-class retailers that connect to their neighborhoods, communities and customers.  Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed and an S&P 500 Index member.  For more information, please visit regencycenters.com.

About HFF

HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.com or follow HFF on .

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