HFF Arranges Sale of 11-Property Necessity-Anchored Retail Portfolio

by Katie Sloan

Pittsburgh, Pa. — Pittsburgh-based HFF has arranged the sale of The Cavalier Portfolio, an 11-property necessity-anchored retail portfolio totaling more than 1 million square feet in the central and eastern portions of the U.S.

Jim Hamilton, Richard Reid, John Owendoff, Amy Sands, Clinton Mitchell and Jordan Lex of HFF worked on behalf of the seller, a partnership between DDR Corp. and TIAA-CREF, in the sale of the property to Armada Hoffler Properties Inc.

The portfolio is comprised of retail assets throughout the Carolinas, Virginia, Tennessee, Indiana and Texas, with the largest concentration of assets located in North Carolina.

The portfolio boasts retailers including Harris Teeter, Kroger, Bed Bath & Beyond, Costco, Super Target, DSW, Ross Dress for Less, Total Wine & More, Five Below, Golfsmith, Petco, PetSmart, Office Depot and Staples. 

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