ATLANTA– HFF announced today that it has closed the sale of Shallowford Falls, a grocery-anchored shopping center in Marietta, Georgia.
HFF marketed the property on behalf of the seller. Branch Properties, LLC purchased the asset for an undisclosed amount.
Renovated in 2000, Shallowford Falls is anchored by Kroger and occupied by national tenants including Ace Hardware, Subway and The UPS Store. The center is located in the highly sought after East Cobb submarket at the intersection of Johnson Ferry Road and Shallowford Road, approximately 15 miles northwest of downtown Atlanta.
The HFF team representing the seller was led by managing directors Jim Hamilton and Richard Reid and real estate analysts Mike Allison and Pete Anastasi.
Founded in 1973 and based in Atlanta, Branch Properties, LLC is a private real estate investment firm primarily focused on high-quality neighborhood shopping centers located in the southeastern United States. As a vertically integrated real estate operating company, Branch has the in-house expertise to source, negotiate, acquire, develop, finance, lease and manage neighborhood shopping center investments. www.branchprop.com.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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 www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.