Hampton Cove Shops purchased for $7.6 million by new owners

Prudent Growth Partners Hampton Cove Shops in Alabama — A North Carolina firm has purchased Hampton Cove Shops. (Prudent Growth Partners)

North Carolina-based Prudent Growth Partners announced this week that it has purchased Hampton Cove Shops for $7.6 million. The sale was finalized Friday, March 13.

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Hampton Cove Shops sells for $7.6 million

HC Shops — Hampton Cove Shops includes a variety of retailers. (Crawford Square)

The 41,681-square-foot retail center is currently 96.64% leased to 12 tenants with staggered lease expiration dates.

The shopping center includes Dollar Tree, H&R Block, Jefferson’s, We Rock the Spectrum Kid’s Gym and ALFA Insurance among others.

“Hampton Cove Shops aligns directly with Prudent Growth’s strategy of acquiring stabilized retail assets in high-quality growth markets with embedded upside and strong downside protection.”

Tom Hahn, President + CEO of Prudent Growth Partners, LLC.

Prudent Growth Partners is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions, according to an official statement from the firm.

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