Tuesday, January 4, 2011

HFF closes sale of Atlanta area grocery-anchored retail center


ATLANTA, GA – The Atlanta office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Everson Pointe (top left photo), an 81,428-square-foot, grocery-anchored retail center in Snellville, Georgia.

HFF directors Richard Reid (middle right photo) and Jim Hamilton (lower left photo) led the investment sales team on behalf of the seller, Edens & Avant.  The property was purchased free and clear of debt for an undisclosed price.

Everson Pointe is situated on a 9.8-acre site at 3035 Centerville Highway (State Highway 124) in Snellville, an east Atlanta suburb.  The property is anchored by Kroger and is 86% leased.

“Everson Pointe is a well-located suburban grocery-anchored shopping center.  The property benefits from excellent fundamentals such as layout, visibility, traffic counts and Kroger, a dominant grocer in the market,” said Reid.

Edens & Avant develops, owns and operates neighborhood shopping places in primary markets throughout the East Coast. 


Focusing on retail in major metro areas, the company has built a portfolio of more than 128 retail centers in 15 states with regional headquarters in Washington D.C., Atlanta, Boston, Miami and Columbia, South Carolina.

Contacts:   
Richard M. Reid, HFF Director, (404) 832-8460 rreid@hfflp.com
Jim R. Hamilton, HFF Director, (404) 832-8460 jhamilton@hfflp.com
 Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,
                 

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