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Armada Hoffler sold two South Carolina retail properties for $82 million, marking a 20% profit.
Real estate investment trust Armada Hoffler sold two South Carolina retail properties, Nexton Square and Market at Mill Creek, for $82 million, marking a 20% profit.
The undisclosed buyer acquired both fully stabilized assets.
Proceeds will be used to repay the Nexton Square mortgage and generate nearly $60 million in cash equity for future investments, aligning with the company's growth strategy.
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Armada Hoffler vendió dos propiedades minoristas de Carolina del Sur por 82 millones de dólares, lo que marca un beneficio del 20%.