Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $27.65 million sale of Windward Commons, a 117,234-square-foot neighborhood shopping center in Alpharetta (Atlanta), Georgia.

The asset was purchased free and clear of existing debt by InvenTrust Properties Corp.

Built in 1999, Windward Commons is a 99-percent-leased trophy asset located in the affluent Alpharetta submarket. The property is home to Kroger, the No. 1 grocer in the Atlanta MSA, in addition to national and regional shop tenants, including Hallmark, The UPS Store, GNC, Great Clips, Subway, Leslie’s Pool Supplies, Menchie’s Frozen Yogurt, Little Caesars and Huntington Learning Center. Windward Commons benefits from its location on the “going-home” side of the road at the main and main intersection of Windward Parkway and Alpharetta Highway, where more than 50,000 cars pass by the property every day.

The HFF team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with the company’s innovative and collaborative property management approach, benefits both its tenants and business partners and drives net operating income growth for the company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of June 30, 2016, is an owner and manager of 91 multi-tenant retail properties, comprising 15.7 million square feet of retail space.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 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 hfflp.com or follow HFF on Twitter @HFF.