HFF Closes Sale of Southwest Florida Shopping Center
November 3, 2016 | by Irina Vrasmas | Commercial Property Executive
Mission Hills Shopping Center, Naples, Fla.
Naples, Fla.—HFF has recently closed the sale of Mission Hills Shopping Center, an 85,078-square-foot grocery-anchored commercial center in Naples.
HFF arranged the transaction on behalf of the seller, The Hampshire Cos., a full service, private real estate investment firm based in Morristown, N.J., with assets valued at more than $2.3 billion. The buyer, Phillips Edison Grocery Center REIT II Inc., a public non-traded real estate investment trust, purchased the asset free and clear of existing debt for an undisclosed amount. Senior Managing Director Brad Peterson and Associate Director Whitaker Leonhardt with HFF led the investment sales team representing the seller.
