Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $121 million sale and arranged $49 million in financing for The Crosslands, a 530,816-square-foot grocery-anchored power center in Kissimmee, Florida (Orlando MSA).

HFF marketed the property on behalf of the seller, O’Connor Capital Partners, in partnership with Tupperware Brands Corporation. The Hampshire Companies purchased the asset with O’Connor Capital Partners retaining an interest as well as management and leasing responsibilities for the property. Additionally, working on behalf of the new ownership, HFF placed a seven-year, fixed-rate loan with Principal Real Estate Investors.

Situated on 71 acres at 601-751 Centerview Boulevard (Phase I) and 740-874 West Osceola Parkway (Phase II), the recently-developed retail center is located at the intersection of West Osceola Parkway and Orange Blossom Trail (State Road 441), which serves as a regional retail epicenter for Kissimmee. The center is less than eight miles from Walt Disney World, Sea World and Universal Studios. Phase I was built in 2014, with Phase II completion to occur in the fourth quarter of 2016. Overall, the two phases are 99 percent leased to a roster of national and regional retailers, including The Fresh Market, 24 Hour Fitness, Burlington Stores, Academy Sports, Havertys Furniture, Hobby Lobby, Marshalls, HomeGoods, Forever21 RED, PetsMart, Five Below, Boot Barn, Cheddar's Scratch Kitchen, Dollar Tree, Party City and Outback Steakhouse.

The HFF investment sales and debt team was led by senior managing director and co-head of HFF’s Retail Group Daniel Finkle, senior managing director Jon Mikula, managing directors Chris Drew and Michael Klein and associate director Brian Gaswirth.

“The Crosslands’ unique combination of location, accessibility and visibility made this an ideal position for several of the industry’s most sought after retailers and a highly-desirable investment opportunity,” Finkle said.

“The Crosslands represents an exceptional opportunity to capitalize on the strong economic and demographic trends in one of the most sought after submarkets in the Southeastern United States,” said William Q. O’Connor, CEO of O’Connor Capital Partners. “Orlando is one of the top-performing markets in the country, with strong supply and demand fundamentals driving tremendous economic and employment growth, which is a positive indicator for continued top performance for well-located assets such as The Crosslands.”

About O’Connor Capital Partners

Founded in 1983, O’Connor Capital Partners (O’Connor) is an institutional real estate investment, management and development firm based in New York City and run by CEO Bill O’Connor. The firm pursues acquisitions, developments and residential conversions on behalf of its institutional funds, separate accounts and own account. O’Connor primarily targets retail and residential opportunities throughout the United States and Mexico. Since inception, O’Connor has acquired or developed over $30 billion of property, including over 55 million square feet of retail space and over 30,000 residential units globally.

About Tupperware Brands Corporation

Tupperware Brands Corporation is the leading global marketer of innovative, premium products across multiple brands utilizing a social selling method through an independent sales force of 3.1 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware brand and beauty and personal care products through the Avroy Shlain, BeautiControl, Fuller Cosmetics, NaturCare, Nutrimetics and Nuvo brands.

About The Hampshire Companies

The Hampshire Companies is a full-service, private real estate firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on The Hampshire Companies is available online at www.HampshireRE.com. To stay connected with The Hampshire Companies and for updates on the latest transactions and news follow the company on Facebook (www.facebook.com/hampshireco), Twitter (@hampshireco), and LinkedIn (www.linkedin.com/company/the-hampshire-companies).

About Principal Real Estate Investors

Principal Real Estate Investors manages or sub-advises $69.9 billion in commercial real estate assets*. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.

*As of Jun. 30, 2016.

About HFF

HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.