The biggest shopping center sale deal of the year is in play.
Fifty-two properties in 20 states valued at $1.9 billion are up for grabs. Buyers may buy all, some or individual properties, according to a joint announcement today by the joint owners of the assets.
HFF executive managing director John Pelusi, senior managing directors Barry Brown and Doug Hazelbaker and managing director Lynn De Marco will lead the HFF investment sales team for the sellers.
As of December 31, 2008, these assets were valued at approximately $1.9 billion by MDT.
The portfolio totals 12.5 million square feet and has an average occupancy of 88.5%.
Major tenants include Walmart, BJ’s Wholesale Club, Bed Bath & Beyond, Best Buy, T.J. Maxx, Kohl’s and Dick’s Sporting Goods.
Read the Sasha M Pardy’s full article “Macquarie DDR Trust Lists 52-Shopping Center Portfolio For Sale” by the Co-Star Group (April 14, 2009).