Thursday, November 14, 2024
Read the Digital Magazines
Subscribe

Tennessee

Papermill-Plaza_Knoxville_Whole-Foods
FinanceFloridaGeorgiaGrocery-anchoredKentuckyNewsTennessee

CBRE Arranges $171.4 Million Refinancing for Shopping Center Portfolio in the Southeast

by Hayden Spiess

Atlanta — CBRE has arranged a $171.4 million loan for the refinancing of an eight-property portfolio of grocery-anchored shopping centers in the Southeast. Comprising roughly 1.2 million square feet, the portfolio was 96.6 percent leased at the time of financing to 194 tenants including Kroger, Publix and Whole Foods Market. PGIM provided the financing to the borrowers, Branch Properties and Corebridge Real Estate Investors (formerly AIG Global Real Estate). Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE arranged the loan, which was used to refinance the existing mortgages …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredMixed-useNewsTennessee

GBT, Robinson Properties to Develop Mixed-Use Project in Metro Nashville

by Hayden Spiess

Mount Juliet, Tenn. — GBT Realty Corp. and Robinson Properties have announced plans for Everett Downs, a mixed-use development to be located in Mount Juliet, roughly 20 miles east of Nashville. GBT will develop the retail portion of the project, which will comprise a 41,255-square-foot retail center. A 23,256-square-foot Sprouts Farmers Market will anchor the center, which will also feature approximately 18,000 square feet of small shop and outparcel space. Completion of the retail center, which is currently 75 percent preleased, is scheduled for October 2025. Robinson Properties will develop Phase …

Continue Reading
0 FacebookTwitterLinkedinEmail
Houston-Levee-Galleria_Memphis-Tenn
Investment salesNewsTennessee

TSCG Negotiates Sale of 65,900-Square-Foot Retail Center in Memphis, Tennessee 

by Hayden Spiess

Memphis, Tenn. — The Shopping Center Group (TSCG) has negotiated the sale of Houston Levee Galleria, a 65,900-square-foot retail center in Memphis. Built in 2006, the property was 94 percent leased at the time of sale. Anthony Blanco and Lynn De Marco of TSCG represented the seller, a limited liability company, in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Macys_Oak-Court-Mall_Memphis
Investment salesNewsTennessee

Poag Purchases 400,000-Square-Foot Macy’s Department Store at Oak Court Mall in Memphis

by Hayden Spiess

Memphis, Tenn. — Poag Development Group has purchased a 400,000-square-foot store situated within Oak Court Mall, an enclosed regional mall in Memphis originally opened in 1988. Macy’s occupies the space and sold the property in a sale-leaseback transaction. Poag acquired the department store for $7 million in a joint venture with a group of local investors that purchased the other portions of Oak Court Mall in December 2023. Poag plans to work with JLL to maximize the potential of Oak Court Mall. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Bojangles-rendering
DevelopmentNewsRestaurantsTennessee

Bojangles Breaks Ground on Outparcel at Market at Cordova Shopping Center in Tennessee

by Hayden Spiess

Cordova, Tenn. — Bojangles has broken ground on a new restaurant property situated on an outparcel within Market at Cordova Shopping Center in Cordova. Completion of the development is scheduled for early 2025. John Reed and Hurston Reed of The Shopping Center Group (TSCG) negotiated the lease between Bojangles and the outparcel owner, The Life Church. A 55,000-square-foot Grand Super Market anchors Market at Cordova Shopping Center, which N&L Holdings acquired this past July.  

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaCaliforniaFloridaGeorgiaInvestment salesKentuckyLouisianaNevadaNewsNorth CarolinaPennsylvaniaRestaurantsSouth CarolinaTennessee

FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million 

by Hayden Spiess

Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …

Continue Reading
0 FacebookTwitterLinkedinEmail
LA-Fitness_Collierville-Tenn
Investment salesLeasingNewsTennessee

RealSource Group Arranges Sale-Leaseback of 34,000-Square-Foot Property in Metro Memphis

by Hayden Spiess

Collierville, Tenn. — RealSource Group has arranged the sale-leaseback of a 34,000-square-foot single-tenant retail property located in Collierville, roughly 30 miles southeast of Memphis. LA Fitness occupies the property, which was built in 2019. Ted Slaughter and Jonathan Schiffer of RealSource, in association with Scott Reid of ParaSell Inc., represented the seller, Fitness International, in the transaction. A private investor acquired the property for an undisclosed price. LA Fitness will continue to occupy the building on a 15-year net lease. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Cumberland-Crossing_Lafollette
Investment salesNewsTennessee

Matthews Arranges Portfolio Sale of Two Shopping Centers in Tennessee

by Hayden Spiess

Elizabethton and Lafollette, Tenn. — Matthews Real Estate Investment Services has arranged the portfolio sale of two Tennessee shopping centers: Elk Crossing in Elizabethton and Cumberland Crossing in Lafollette. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the seller, Big V Property Group, in the transaction. An entity doing business as Vishal 1 LLC purchased the portfolio for an undisclosed price. Together, the properties total 170,900 square feet and were 99.4 percent leased at the time of sale. Tenants at Elk Crossing include Ross Dress for Less, United Grocery …

Continue Reading
0 FacebookTwitterLinkedinEmail
Five-Rivers-Plaza_Newport-Tenn
Investment salesNewsTennessee

Marcus & Millichap Brokers Sale of 40,085-Square-Foot Retail Center in Eastern Tennessee

by Hayden Spiess

Newport, Tenn. — Marcus & Millichap has brokered the sale of Five Rivers Plaza, a 40,085-square-foot retail center located in Newport, roughly 50 miles east of Knoxville. Tenants at the property, which was originally built in 1983 and renovated in 2023, include Family Dollar and Dollar Tree. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a local developer, in the transaction. A Nashville, Tennessee-based 1031 investor acquired the property for an undisclosed price. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Chipotle_Millington-Tenn
Investment salesNewsTennessee

Quantum Brokers $2.6 Million Sale of Single-Tenant Property in Tennessee

by Hayden Spiess

Millington, Tenn. — Quantum Real Estate Advisors has brokered the $2.6 million sale of a single-tenant property located in Millington. A California-based buyer acquired the property from a Southeast-based developer. Chipotle Mexican Grill occupies the building. Zack Hilgendorf and Nick Hilgendorf of Quantum represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts