Lilburn, Ga. – BDB purchased the property for $11.2 million and obtained the financing through Jefferies LoanCore.
Lilburn, Ga. – HFF has closed the sale of and arranged financing for Lilburn Corners, a 105,161-square-foot, grocery-anchored retail center in Lilburn, located 20 miles northeast of Atlanta. HFF represented the seller, Philips Edison & Co., in the sale of the property to BDB Realty LLC. BDB purchased the asset for $11.2 million and obtained the financing through Jefferies LoanCore, which was also arranged by HFF. The $8.6 million loan has a 10-year term and a fixed rate for the duration of the loan. Lilburn Corners is 92 percent leased and is anchored by Publix. Other tenants include H&R Block, The UPS Store, Snap Fitness and Marco’s Pizza. Jim Hamilton and Richard Reid led the HFF team that represented the seller. HFF’s debt placement team was led by director Chip Sykes.
— Scott Reid