Hines Global REIT Awards Management of Markets at Town Center

MarketsTownCenter - Ulta

Jacksonville, FL. (August 2013) Genesis Real Estate Advisers, LLC has been awarded the leasing, property and construction management for The Markets at Town Center by Hines, the internationally renowned real estate investment, development and management firm, that purchased the asset on July 23, 2013 from the project’s developer, Pinehill Markets Operating, LLC. The Markets at Town Center, is the community and lifestyle center located directly adjacent to the super-regional St. Johns Town Center in Jacksonville, Florida, and is the most recent retail addition to Hines Global REIT investment vehicle. The team at Genesis has successfully leased and managed the property since its inception in 2007.

“It is an honor to be selected by Hines to provide our services for one of north Florida’s premier retail assets. Hines is a recognized leader in the real estate industry in terms of their people, properties and results they produce for their clients; it’s going to be very exciting to work with their team. It also speaks volumes about the quality of our associates and the diligent effort they have invested into this property and about Hines’ confidence in our ability to deliver on their goal to take The Markets to the next level in terms of its image quality and brand. Staying focused on the retailer merchandising mix will enhance the synergy of the asset along with improving the shopping and dining experience for all our customers”, said Genesis Managing Director Steve Tart.

The Markets at Town Center is located at the intersection of Gate Parkway and Town Center Parkway adjacent to the Super-Regional St. Johns Town Center in the popular Town Center district of Jacksonville. The 383,000-square-foot community and lifestyle shopping destination is situated on 52 acres, includes, 5 anchors, 7 mini anchors and restaurants, along with numerous national, regional, local shop merchants with 13 outparcels; soon to be joined by the highly anticipated Fall 2013 openings of Nordstrom Rack, Charlotte Russe and nationally renowned Chef Tom Grey’s Moxie Kitchen + Cocktails. Additionally, The Markets boasts the first Florida location of REI (Recreational Equipment, Inc.), which opened in March 2013.

Visit the website for more information on the Markets At Town Center.

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