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Stock Market & Financial Investment News

News Breaks
January 21, 2014
08:06 EDTAHHArmada Hoffler closes on previously announced Liberty Apartments acquisition
Armada Hoffler Properties announced that it has closed on a previously announced acquisition of Liberty Apartments for approximately $30.7M. Armada Hoffler acquired Liberty Apartments for approximately $30.7M of total consideration, including the issuance of approximately 695K Operating Partnership units. The value of which was based on the Thursday, January 16 closing stock price of AHH, the repayment of a $3M mezzanine loan and the assumption of approximately $20.9M of debt that bears interest at 5.66% and matures in 2042.
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April 17, 2014
07:05 EDTAHHArmada Hoffler to develop shopping center in Williamsburg, VA
Armada Hoffler Properties announced that it will develop a grocery-anchored shopping center in Williamsburg, Virginia as part of a joint venture partnership in which the company is the majority partner. This multi-phased project is a redevelopment of the Williamsburg Outlet Mall with the completion of phase one, consisting of approximately 88,000 square feet, expected in early 2016. The company has signed a 20-year lease for approximately 53,000 square feet with Harris Teeter, which will anchor an additional 35,000 square feet of shops and restaurants. The company expects to begin construction on phase one in the third quarter of 2014. Phase two represents an opportunity to develop another 42,000 square feet in the future.

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