MIAMI, FL, August 12, 2014 - HFF announced today that it has closed the sale of The LOOP, a 434,909-square-foot power center in Kissimmee, Florida.
HFF marketed the property on behalf of AEW Capital Management, L.P. (AEW). AEW managed the asset on behalf of one of its institutional clients. Metropolitan Life Insurance Company purchased the asset.
The LOOP is located on approximately 57 acres at the northwest corner of the intersection of Osceola Parkway and John Young Parkway. Built in 2005, the 99-percent leased retail center has 43 tenants, including Regal Cinema, Kohl`s, Sports Authority, Michael`s, Petco and CVS.
The HFF investment sales team representing the sellers was led by senior managing directors Danny Finkle and Brad Peterson, managing director Luis Castillo and director analyst Kim Flores.
"The LOOP is one of Florida`s most successful retail destinations," Finkle said. "The combination of location, design and tenant performance made The LOOP one of the highest quality retail investment opportunities in the Southeast."
Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world`s leading real estate investment advisors, AEW and its affiliates manage over $53 billion of property and securities in North America, Europe and Asia (as of March 31, 2014). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Singapore, and Hong Kong, as well as additional offices in eight European cities. For more information, visit aew.com.
MetLife Real Estate Investors, a unit of MetLife, oversees a well-diversified real estate portfolio of more than $60 billion, which is one of the largest in the U.S. and consists of real estate equities, commercial mortgages and agricultural mortgages. MetLife is a global leader in real estate investment and real estate asset management, with a vast network of regional offices that keep in close contact with major real estate markets. For more information, visit metlife.com/realestate.
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF). HFF operates out of 23 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 hfflp.com or follow HFF on Twitter at twitter.com/hff.
HFF Senior Managing Director
HFF Senior Managing Director
HFF Managing Director
HFF Associate Director, Marketing
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Source: HFF, Inc. via GlobeNewswire