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| Hines to acquire lifestyle centers in Jacksonville and Murfreesboro  Hines, the international real estate firm, announced that Hines Global REIT, Inc. has acquired two retail centers, The Markets at Town Center located in Jacksonville, FL, and The Avenue Murfreesboro located in Murfreesboro, TN.The Markets at Town Center is a nine-building, 317,415-square-foot, upscale retail center that was acquired from Pinehill Investment Co. It is situated adjacent to the St. Johns Town Center on more than 52 acres. Completed in 2009, The Markets at Town Center is the newest and final phase of the St. Johns Town Center, a 1.9 million-square-foot, master-planned retail destination located along the J. Turner Butler corridor in the prime retail and office submarket of metro-Jacksonville. The Markets at Town Center is 93 percent leased to a number of well-known tenants. The center is home to 31 total tenants including restaurants, outdoor/fitness, electronics, home, beauty, toy, apparel and jewelry stores. Genesis Real Estate Advisers, LLC has overseen The Markets at Town Center since development and will manage it on behalf of Hines Global REIT. The 10-building, 747,497-square-foot The Avenue Murfreesboro was acquired from Faison & Associates and Cousin Properties, Inc. Completed in 2007, The Avenue Murfreesboro is located in the heart of the Murfreesboro district. The Avenue Murfreesboro is 89 percent leased to a number of well-known tenants. The tenant lineup consists of 93 total tenants including restaurants, apparel, home, beauty, jewelry, book and electronics stores. David Hocker & Associates will manage The Avenue Murfreesboro on behalf of Hines Global REIT. write your comments about the article :: © 2013 Construction News :: home page |