Holliday Fenoglio Fowler, L.P. (HFF) announces the $13.15 million sale and $9.6 million financing of Consolidated Center, a four-building office campus totaling 173,668 square feet in Winston-Salem, North Carolina.
The HFF team marketed the property on behalf of the seller, Consolidated Center Associates LLC, and procured the buyer, Macfarlan Capital Partners, L.P. Additionally, HFF worked on behalf of the purchaser to secure the seven-year, fixed-rate acquisition loan through a life insurance company.
Consolidated Center is located at 3330 Healy Drive, 3334 Healy Drive, 1381 Old Mill Circle and 1399 Ashleybrook Lane in the South Forsyth submarket of Winston-Salem. Positioned near the nexus of Interstates 40 and 158 and Highway 67, the 9.54 acre site has easy access to high end residential neighborhoods, South Forsyth Medical Center, Wake Forest University and downtown Winston-Salem. In addition, Consolidated Center has a broad retail amenity base with Hanes Mall and Shops on Hanes Mall Boulevard not far from the property and more than 40 dining options within a two mile radius. The four buildings are 81.66 percent leased to tenants, including Lowe’s Foods and Novant Health.
The HFF investment sales team representing the seller included senior managing director Ryan Clutter, senior director Scot Humphrey and director Chris Lingerfelt.
HFF’s debt placement team included senior director Cory Fowler and managing director Jeremy Sain.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a North Carolina licensed real estate broker.
About Macfarlan Capital Partners, L.P.
Macfarlan Capital Partners, L.P. is a private equity real estate investment sponsor that is committed to serving institutional investors, family offices, wealth management advisors and high net worth individuals. For more information, please visit www.macfarlan.com.
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). 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. For more information please visit hfflp.com or follow HFF on Twitter @HFF.