Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Village at Chapel Hill, a 62,719-square-foot retail center anchored by an LA Fitness and ALDI (shadow) in Douglasville, Georgia, an established bedroom community approximately 20 miles west of downtown Atlanta.
HFF marketed the property on behalf of the seller, Cole Credit Property Trust IV, Inc. LBX Investments purchased the center.
Village at Chapel Hill was built in 2009 and was approximately 97 percent occupied at the time of sale. In addition to LA Fitness and ALDI, the property boasted a well-tenured rent roll with a mix of local and national tenants, including Yogli Mogli, Blue Agave Mexican Restaurant, Chapel Hill Dentistry and One Main Financial. There are more than 3.5 million square feet of retail space in the immediate trade area and more than 39,000 people within a three-mile radius of the property.
The HFF investment advisory team representing the seller included senior managing director Jim Hamilton, directors Brad Buchanan and Mike Allison and analyst Andrew Kahn.
About LBX Investments
LBX Investments owns and operates neighborhood and community shopping centers located in the southeastern region of the U.S. LBX has developed a robust investment management platform that includes best in class in-house and third-party leasing, property management, asset management, construction, investor relations, finance and accounting capabilities.
About HFF
HFF and its affiliates operate out of 26 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 Twitter @HFF.
