HFF Closes Sale of Southwest Florida Shopping Center

November 8, 2016

HFF Closes Sale of Southwest Florida Shopping Center

November 3, 2016 | by Irina Vrasmas | Commercial Property Executive

Mission Hills Shopping Center caters to approximately 33,400 residents within a 3 mile radius.
Mission Hills Shopping Center, Naples, Fla.

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.

Read Full Article Located Here

Go Back
Gordon Dunne
September 30, 2019

“Always, but especially in this day of lawsuits and ever increasing regulations, the responsibility for a financial advisor t do their own due diligence on products they sell falls squarely on themselves. No one is going to take greater interest in protecting their practice than they are. We use the Blue Vault Partners Nontraded REIT Review to keep us informed of the performance of every single nontraded REIT. Finally, complete transparency is available for advisors using nontraded REITs. Every advisor using REITs in their practice should make the small annual investment of subscribing to Blue Vault’s reporting services.”