Harbour Retail Partners & New Market Properties Announce Acquisition of a Grocery-Anchored Shopping Center in Wilmington, NC

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ATLANTA, Dec. 19, 2019 /PRNewswire/ — Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced that it made an approximate 92.5% equity investment in a joint venture with Harbour Retail Partners (based in Wilmington, North Carolina) to acquire Hanover Shopping Center, a grocery-anchored shopping center in Wilmington, North Carolina. The 305,346 square foot Hanover Shopping Center is anchored by high-performing Harris Teeter. This high barrier to entry location has strong demographics and is strategically positioned at…

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Jim Whelan Joins Harbour Retail Partners

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Jim Whelan is taking the lead role in Asset Management for Harbour Retail Partners as HRP continues to expand its portfolio. Principal Jim Cheney says “We are delighted to have Jim join the team as Director of Asset Management. He has a diversified background in property management, leasing, acquisition, and dispositions; allowing us to be more efficient and effective in driving value from our growing asset base. Jim comes to Harbour Retail after more than 7 years with…

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Harbour Retail Closes on Peachtree Crossing

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Harbour Retail Partners has closed on the purchase of Peachtree Crossing Shopping Center. Built in 1978 and situated on 10 acres directly along N. Peachtree Parkway, Peachtree Crossing contains 81,519 sf of retail space. Anchored with a 19,621 sf Fresh Market, the site also features two outparcel ground leases – an emissions testing center and a Bank of America ATM. The Fresh Market opened in Peachtree Crossing in 2011. With 159 stores across the United States and 10…

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Rod Young Joins Harbour Retail Partners

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Rod Young has joined Harbour Retail Partners serving as the Director of Development in the Southeast. With its expanding portfolio and a focus on acquiring and developing commercial retail properties, HRP has brought in Rod to focus on expanding these projects in the Southeast. Rod comes to Harbour Retail with over 23 years of experience, having been directly involved in the successful development of over 4.3 million square feet of retail shopping centers and single tenant restaurant/retail tenants…

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Harbour Retail Announces Acquisition of Clemmons Shopping Center

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Harbour Retail Partners has closed on Clemmons Shopping Center in North Carolina. Closed in June of 2019, the property is located in the heart of Clemmon’s retail corridor. With 94,841 SF on 10.49 total acres, the Kmart anchored center is well positioned with strong demographics, high traffic counts, signalized access and great visibility.  

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Matt Bloomfield Joins Harbour Retail Partners

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Matt Bloomfield has joined Harbour Retail Partners as the Director of Development - Florida, serving to direct the acquisition and development of new ground-up and re-development opportunities in Florida. Founding Principals Randy Kelley and Jim Cheney are excited about the expertise Matt brings as HRP expands in the state, “We are thrilled that Matt has joined our team. His deep and broad commercial retail experience will allow us to be more responsive and effective in both our acquisition…

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Harbour Retail Partners Announces Fund II Formation

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Harbour Retail Partners Real Estate Fund II, L.P., a Delaware Limited Partnership, has been formed to acquire and invest in commercial real estate properties with a primary focus on grocery anchored, mixed-use, and single-tenant assets. The fund will conduct investments in both value add opportunities as well as new development opportunities, primarily in metro and secondary markets in the southeastern United States. The general partners in Harbour Retail Partners are Mike Barry, Jim Cheney and Randy Kelley, who…

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