HFF Announces Sale of and Financing for Multi-anchor Retail Center in Tuscaloosa, Alabama

9/21/17

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of and financing for McFarland Plaza Shopping Center, a 234,124-square-foot retail center with multiple national anchors in Tuscaloosa, Alabama.

The HFF team marketed the property for the seller, a partnership between DDR Corp. and TH Real Estate. GBT Realty Corporation purchased the asset. Additionally, working on behalf of the new owner, the HFF team placed the three-year, floating-rate loan with Värde Partners. Loan proceeds will be used to fund the acquisition of the property and to execute a capital and leasing plan to stabilize the property.

McFarland Plaza Shopping Center is anchored by T.J. Maxx, Ross Dress for Less, Michaels and Stein Mart and also home to Cato, Dollar General, H&R Block, Pet Supplies Plus, Nail Club and Lendmark Financial. Situated on 20 acres at 2600 McFarland Boulevard East, the center is located on Tuscaloosa’s dominant retail artery and is exposed to more than 58,000 vehicles per day. Additionally, McFarland Plaza Shopping Center is one mile south from the University of Alabama, the largest university in Alabama with almost 38,000 students and more than 13,000 employees.

The HFF investment sales team representing the seller included senior managing directors Jim Hamilton and Richard Reid and associates Mike Allison and Brad Buchanan.

The HFF debt placement team representing the borrower consisted of managing director Bill Fishel and director Matthew Stewart.

Holliday Fenoglio Fowler, L.P. ("HFF") is a licensed Alabama real estate broker.

About DDR Corp.

DDR Corp. is an owner and manager of 298 value-oriented shopping centers representing 100 million square feet in 34 states and Puerto Rico. The company owns a high-quality portfolio of open-air shopping centers in major metropolitan areas that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The company actively manages its assets with a focus on creating long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the company is available at www.ddr.com.

About TH Real Estate

TH Real Estate, an investment affiliate of Nuveen (the investment management arm of TIAA), is one of the largest real estate investment managers in the world with $103bn in AUM. Managing a suite of nearly 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, TH Real Estate provides access to every aspect of real estate investing. Learn more at https://threalestate.com.

About GBT Realty Corporation

Founded in 1987, GBT Realty Corporationdevelops virtually all types of retail and mixed-use developments throughout the United States from its headquarters in Brentwood, Tennessee, a suburban Nashville community. Since inception, GBT has been involved with the development, construction, leasing and management of over $6 billion of real estate totaling 35 million square feet of grocery-anchored, neighborhood and single-tenant retail; regional power centers; and mixed-use developments in 27 states. The team’s combined decades of experience with local, regional and national tenants includes such names as Academy Sports + Outdoors, Target, Hobby Lobby, Sprouts Farmers Markets, Publix Supermarkets, Walgreens, Kroger, Dollar General, Ross Dress for Less, Kohl’s, Bed Bath and Beyond, T.J. Maxx, Marshalls, PetSmart and Old Navy. Currently, the company has over $1 billion of commercial development totaling five million square feet in the pipeline or under construction by its shopping center, net lease and diversified development divisions. For more information visit gbtrealty.com.

About Värde Partners

Värde Partners is a $13 billion global alternative investment firm that employs a credit-oriented, value-based approach to investing across a broad array of geographies, segments and asset types, including real estate, corporate credit, mortgages, specialty finance, and transportation. The firm sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients. Now in its third decade, Värde employs 250 people with main offices in Minneapolis, London and Singapore and additional offices around the world.

About HFF

HFF and its affiliates operate out of 24 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 sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

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