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Stock Market & Financial Investment News

News Breaks
August 4, 2014
06:02 EDTAHHArmada Hoffler to acquire Dimmock Square
Armada Hoffler Properties announced that it has entered into an agreement to acquire Dimmock Square, a retail power center located in Colonial Heights, Virginia. The acquisition of Dimmock Square will add over 100,000 square feet of 100% occupied retail space to the Company’s operating property portfolio. The agreement provides that the Company will acquire a 100% interest in Dimmock Square in exchange for approximately 990,000 units of limited partnership interest in the Company’s operating partnership and approximately $10M of cash. The acquisition is expected to be accretive to annual FFO per diluted share and is expected to close in Q3.
News For AHH From The Last 14 Days
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September 2, 2015
06:02 EDTAHHArmada Hoffler completes acquisition of Providence Plaza in Charlotte for $26.2M
Armada Hoffler announced that it has closed on the previously announced acquisition of Providence Plaza in Charlotte, North Carolina for $26.2M. Providence Plaza is a 103,000 square foot mixed-use asset which was built in 2008 and is comprised of three buildings. The complex is currently 97% occupied and includes 54,000 square feet of office space, 49,000 square feet of retail space and a two-floor parking garage with 256 spaces. In addition, the recently acquired property includes an undeveloped tract of land of approximately one acre that is zoned for multifamily development, providing the Company the opportunity to leverage its development expertise. The previously announced acquisition of Providence Plaza was partially funded with the proceeds from the Whetstone Apartments sale and is included in the Company's current guidance.

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