Holliday Fenoglio Fowler, L.P. (HFF) announces the $27.5 million sale of and $16.2 million acquisition financing for Houma Shopping Center, a 204,879-square-foot, fully leased power center in the South Louisiana community of Houma.
The HFF team marketed the property on behalf of the seller, Viking Partners, LLC. Additionally, the HFF team placed the five-year, fixed-rate acquisition loan with Goldman Sachs.
Anchored by Marshalls, HomeGoods, Planet Fitness, Office Depot, Petco and Joann Fabric & Craft, Houma Shopping Center is also home to Tuesday Morning, Sicily’s Italian Buffett, Pro Nails, H&R Block, The Honey Baked Ham Co., Burger King, Outback Steakhouse and Chili’s Bar & Grill. Additionally, the center is shadow anchored by the only Walmart Supercenter within 40 miles. Houma Shopping Center is located at 1539 Martin Luther King Boulevard in Houma, Louisiana, which is approximately 57 miles southwest of downtown New Orleans. The center is positioned along the region’s dominant retail artery, which has a traffic count of 30,903 vehicles per day.
The HFF investment advisory team representing the seller included senior managing directors Jim Hamilton, Barry Brown and Andrew Levy; managing director Ryan Shore; directors Brad Buchanan and Michael Allison; and analyst Ryan Stoffer.
The HFF debt placement team representing the new owner consisted of managing director Gregg Shapiro.
About Viking Partners, LLC
Since its inception in 2008, Viking Partners has invested in more than 100 commercial real estate projects including retail, office and flex-tech space totaling over four million square feet and valued at more than $750 million. Viking Partners is currently seeking acquisition opportunities in the Midwest, Southeast and Southwest with a transaction range of $5 million to $50 million. Visit http://www.vikingpartnersllc.com for more information.
About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.
