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April 24, 2019, 4:09 p.m. EDT

United States : HFF Closes the Sale of Power Center in Huntsville, Alabama

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Apr 24, 2019 (Euclid Infotech Ltd via COMTEX) -- Holliday Fenoglio Fowler, L.P. (HFF) announces that it has closed the sale of Westside Centre, a 477,408-square-foot retail power center with multiple national anchors in Huntsville, Alabama.

HFF marketed the property on behalf of the seller, a partnership between Nuveen Real Estate and SITE Centers. Big V Property Group purchased the asset.

Westside Centre is home to a variety of tenants, including Ross Dress for Less, Shoe Carnival, Five Below, Big Lots, PetSmart, Mens Wearhouse, Tuesday Morning, Stein Mart, Dollar Tree, Zos Kitchen and Party City. Completed in 2001, the center is shadow anchored by a Super Target. Westside Centre is located at 6275 University Drive NW and is visible to more than 58,000 vehicles per day. The center is adjacent to the 4,000-acre Cummings Research Park, which is the second largest research park in the country and the fourth largest in the world. More than 38,500 residents earning an average annual income of $81,000 live within a three-mile radius of the center.

The HFF investment advisory team representing the seller included senior managing director Jim Hamilton and directors Brad Buchanan and Mike Allison.

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