Printer-friendly version MIAMI, FL - February 12, 2014 – HFF announced today that it has closed the sale of Publix at St. Andrews, a 65,271-square-foot neighborhood shopping center in Port St. Lucie, Florida.
HFF marketed the property on behalf of a client portfolio managed by American Realty Advisors. Publix Super Markets, Inc. purchased the unencumbered property.
Publix at St. Andrews is located at 5455-5489 Northwest St. James Drive in Port St. Lucie, and is the only grocery-anchored center within a two-mile radius. Completed in 2003, the property is 87.1 percent leased to tenants including Hair Cutlery, Subway, H&R Block and the UPS Store.
The HFF investment sales team representing the seller was led by senior managing director Danny Finkle and director Luis Castillo.
“This was an excellent opportunity for Publix to buy a high performing store location within a growing market,” said Castillo.
HFF’s investment sales team secured more than $1.7 billion in sales of retail assets nationally through third quarter of 2013. In Florida, HFF closed more than $476 million in retail transactions across all capital markets platforms over the same period.
American Realty Advisors is an investment advisor and a leading provider of real estate investment management services to institutional investors. With more than $5.7 billion in assets under management, American has provided real estate investment management services to institutional investors for more than 25 years utilizing core and value-added commingled funds and separate accounts. The firm’s client portfolios include office, industrial, multifamily, retail, and other properties nationwide, all of which are managed on behalf of American’s clients. More information regarding American can be found at www.americanreal.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.