FORGE ANNOUNCES ACQUISITION OF HERNANDO WEST PLAZA
Forge Real Estate Partners IV, LP, a joint venture between Forge Capital Partners and The Sembler Company, has acquired Hernando West Plaza, a 110,367 square foot shopping center located in Spring Hill, Florida.
The center is anchored by Publix Supermarkets, the market leading grocer in Florida, who has operated at the property for 40 years. Ideally located on US Highway 19, the primary north-south artery for the region, the property benefits from the 43,000 vehicles that travel along this corridor on a daily basis.
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a solid track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.
The Sembler Company, formed in 1963, is one of the premiere full-service real estate companies in the United States. Specializing in commercial retail development, Sembler has developed over 300 properties throughout the Southeast and Puerto Rico, consisting of 27 million square feet and including 44 Publix-anchored centers and 25 Target-anchored centers. The company currently manages and leases over 10 million square feet of company owned and third party retail properties.