Atlanta, Georgia – Hendon Properties, in conjunction with Harbert United States Real Estate Fund V, L.P. (“HUSREF V”) recently acquired Westport Village, a 168,781 square foot, lifestyle shopping center in the Louisville trade area.
Hendon Properties and HUSREF V closed on the Class A retail property on May 17th and intend to invest additional funds for the upgrading and leasing of the vacant space. Westport Village is uniquely positioned to attract strong local and boutique retail brands that embody the Style, Flavor, and Spirit of Louisville. With a fundamental recovery and improving demand in the retail real estate market, the joint venture plans to stabilize the property by leasing nearly 45,000 square feet of available space. The acquisition is the second joint venture between Hendon Properties and the HUSRE Investment Team, which seeks well-located properties with value-add upside through focused operational management.