Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Publix at St. Cloud, a 78,779-square-foot community shopping center anchored by Publix in the Orlando-area community of St. Cloud, Florida.
HFF marketed the property on behalf of the seller, Kite Realty Group Trust. The retail center was purchased free and clear of financing.
Publix at St. Cloud is anchored by the dominant grocery store in the region, Publix, and is home to Jersey Mikes, Metro PCS, Party Liquors, Own it Now, The UPS Store, Anthony’s Pizzeria and more. Publix at St. Cloud is situated on 9.13 acres and fronts Irlo Bronson Memorial Highway, a major thoroughfare servicing the region, and, combined with Old Canoe Road, is viewed by approximately 58,000 vehicles per day passing by the center.
The HFF team that represented the seller was led by senior managing director and co-head of HFF’s retail practice Daniel Finkle, senior managing directors Brad Peterson and Jim Hamilton and director Eric Williams
“Solid-performing Publix-anchored centers remain highly sought after by the investment community,” Brad Peterson said. “Despite recent movements in interest rates, they still remain one of the best risk-adjusted returns in the market today.”
About Kite Realty Group Trust
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust engaged in the ownership, operation, management, leasing, acquisition, construction, redevelopment and development of neighborhood and community shopping centers in selected markets in the United States. As of September 30, 2016, the company owned interests in a portfolio of 121 operating, development and redevelopment properties totaling approximately 24 million total square feet across 20 states. For more information, please visit the company’s website at www.kiterealty.com.
About HFF
Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is 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 sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.comor follow HFF on Twitter @HFF.
