Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Suwanee Town Center, the 58,634-square-foot retail portion of a mixed-use lifestyle center in the Atlanta-area community of Suwanee, Georgia.
HFF marketed the center on behalf of the seller, Madison Retail LLC. A subsidiary of a real estate fund advised by Crow Holdings Capital–Real Estate purchased the asset free and clear of existing debt.
Suwanee Town Center comprises three retail buildings that are 90 percent leased to national and regional tenants, including Five Guys Burgers, fab’rik, Rita’s, Mellow Mushroom, Pooch N’ Paws, Big Peach Running Co. and Planet Smoothie. Built in three phases between 2007 and 2009, the center is the retail portion of a mixed-use development known as the city’s gathering place and encompasses Suwanee’s City Hall, 147 townhomes/condos and 85 single-family residences. Situated on 4.81 acres at 320 Town Center Avenue, Suwanee Town Center is located at the “main and main” intersection of Lawrenceville-Suwanee Road and Buford Highway approximately 15 miles northeast of Atlanta’s perimeter. The center is adjacent to Suwanee Town Center Park, which is the site of numerous events throughout the year.
The HFF team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid and associates Mike Allison and Brad Buchanan.
About Madison Retail LLC
Founded in 2003, Madison Retail LLC is a mixed-use & retail development company with over 100 years of combined real estate experience. With proven expertise in retail, residential, and mixed-use development, the team possesses extensive experience in all disciplines of real estate development and management. Visit www.madisonretailllc.com for more information.
About Crow Holdings Capital–Real Estate
Crow Holdings Capital–Real Estate (CHC–Real Estate) is a prominent, North American-focused asset manager of private equity real estate funds. Since 1998, CHC–Real Estate and CHC-affiliated entities have managed ten funds with equity capital totaling approximately $6.7 billion, with which nearly $17.7 billion in assets have been acquired or developed. CHC–Real Estate’s funds are designed to generate current income and benefit from the capital appreciation of portfolio investments. For more information please visit www.crowholdingscapital-re.com.
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.
