Hilco Real Estate, LLC has been hired by Plano Texas-based At Home (NYSE: Home) to market the portfolio sale of seven surplus land parcels located along well-established retail corridors.
The assets included in this portfolio are situated throughout the south and east coasts in Arkansas, Florida, Maryland and Texas. All seven parcels are located within strong commercial centers, and each parcel features an At Home-anchor property as well as multiple retailers and big-box stores proximate to the sites. Located in thriving retail hubs, these outparcels are surrounded by rapid development creating a multitude of growth possibilities and traffic generators.
Two available sites in Rogers, Arkansas, include outparcels to an At Home-anchored shopping center. Directly west to these parcels is a recently opened Duluth Trading Company. Rogers is part of the Northwest Arkansas metropolitan statistical area (MSA) which includes Fayetteville- Springdale-Rogers and is one of the fastest growing metro areas in the country with a population of 465,776 according to the 2010 Census.
Located in Lutz, Florida, just north of Tampa, are two additional parcels included in this offering that are ideal for development, neighboring both Tampa Premium Outlets with over 100 stores and Costco. As Lutz, is part of the Tampa-St. Petersburg-Clearwater MSA, the four-county area has a population of roughly 3.1 million residents, making it the second largest MSA in the state. Due to the large population and high traffic counts proximate to the parcels, the site offers an excellent opportunity for investors.
Frederick, Maryland, also features two prime parcels on Monocacy Boulevard in Frederick County, which has seen a wave of new development in recent years, according to the Frederick County website. There are numerous retailers in the immediate vicinity that have only recently entered the market, including Lowe’s Home Improvement, Walmart, Wegmans and several national chain restaurants.
Finally, this portfolio sale is rounded out with a parcel located in Lubbock, Texas. This property offers great visibility and access from W. Loop 289, U.S.-62 Frontage Road and is close to nearby retailers including Burlington, PetSmart, Sam’s Club, Five Guys, Starbucks and Lowe’s Home Improvement.
Commenting on the assets within this portfolio, Fernando Palacios, Senior Managing Director of Business Development of Hilco Real Estate said, ‘This sale will be a great opportunity for a developer, investor or end user to purchase premier sites for immediate development in retail centers anchored by the brand strength of At Home. Well located in-fill sites in established retail areas like these don’t come to market very often.”
Palacios continued, “The extreme growth in these markets should ensure continued economic success making these development parcels a very attractive investment.”
A comprehensive list of assets within this portfolio, including detailed property descriptions and due diligence information, is available for viewing and downloading at Hilco’s website. Interested buyers may submit their bids via mail to the following address: Attn. Fernando Palacios, Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, or via email to [email protected].
For more information about the bidding process, bid qualifications, terms of sale, or further details about the properties available, please visit our website or contact Fernando Palacios directly at (877) 933-7779.
About Hilco Real Estate, LLC: Hilco Real Estate, LLC (“HRE”), a Hilco Global company, is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, extensive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE consistently exceeds expectations.