HFF announces that it has closed the sale of The Village at Camp Bowie, a Sprouts Farmers Market-anchored retail center totaling 180,000 square feet in Fort Worth, Texas.
HFF marketed the property on behalf of the seller, a joint venture partnership between Lincoln Property Company and Boston-based Long Wharf Capital. Dunhill Partners, Inc. purchased the grocery-anchored asset.
The Village at Camp Bowie is situated in a highly visible location near the intersection of Camp Bowie Boulevard and Interstate 30, which together have a daily traffic count of more than 130,000 vehicles. The 21-acre site is positioned in the Camp Bowie District of Fort Worth, which is proximate to the affluent residential neighborhoods of Ridglea Hills, Westover Hills, Rivercrest, and Arlington Heights. The population within a three-mile radius of the property exceeds 87,000 people and has an average household income of $94,000. The Village at Camp Bowie is 89 percent leased to 39 diverse tenants, including Tuesday Morning, Verizon, Orangetheory Fitness, Keller Williams, and McAlister’s Deli, among others.
The HFF investment advisory team representing the seller included senior managing directors Jim Batjer, Barry Brown and Ryan Shore and director Aaron Johnson.
Holliday GP Corp., a Texas licensed real estate broker.
About Lincoln Property Company
Founded in Dallas, Texas, in 1965, LPC is a full-service, vertically integrated institutional investment and property services platform with offices in the United States and Europe. Since 1965, Lincoln has acquired and developed approximately $54 billion of residential and commercial property. LPC currently manages 213 million square feet of commercial property and 190,542 multifamily residential units for over 200 separate clients worldwide. For more information, please visit lpc.com.
About Long Wharf Capital
Long Wharf Capital LLC is a Boston-based private equity real estate manager focused exclusively on value-added investments in the U.S. Formed in 2011, the firm invests on behalf of institutional clients including pension funds, endowments, foundations and family offices. Long Wharf’s investment approach utilizes multiple value creation strategies to target opportunities across property sectors and U.S. markets. For further information, visit longwharf.com.
About Dunhill Partners, Inc.
Dunhill Partners was founded in 1984 by William L. Hutchinson and is a commercial real estate investment firm that currently owns and manages more than 5 million square feet of retail commercial property. Dunhill specializes in the acquisition, leasing and management of commercial real estate. For more than 30 years, the firm has been dedicated to the fundamental principle of building value for its investors. With properties from Texas to Hawaii, Dunhill Partners is a true leader in commercial real estate ownership. Learn more atwww.dunhillpartners.com.
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.
