Tennessee

Nashville, Tenn. — A partnership between Hanley Investment Group Real Estate Advisors and CP Partners has facilitated the $9.5 million sale of a newly constructed, single-tenant retail property located in Nashville. Sprouts Farmers Market occupies the 22,988-square-foot building on a triple-net-lease featuring five five-year renewal options. Jeff Lefko and Bill Asher of Hanley Investment, in association with Joe Caccamo and Lea Kuehnhackl of CP Partners and ParaSell, Inc., represented the seller, Greenville, South Carolina-based RealtyLink LLC, in the transaction. Chris Thompson of JRW Realty represented the buyer, a Los Angeles-based …

Germantown, Tenn. — Cushman & Wakefield Commercial Advisors has arranged the sale of Germantown Station, a 12,000-square-foot retail center located at 1217-1227 South Germantown Road. Built in 2002, the property is situated on 1.3 acres and was fully leased to tenants including State Farm, Simmons Bank, Alliance Animal Health, Breakaway Running, A&A Nail Spa and Las Tortugas Deli Mexicana at the time of sale. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the seller, Germantown Station LLC, in the transaction. The buyer was Ranjit Komeravelli.

Brentwood, Tenn. — Regency Centers has acquired Brentwood Place Shopping Center, a 318,952-square-foot retail center located in the Nashville suburb of Brentwood. According to the Nashville Business Journal, the center sold for $118.5 million. The property — which is 95 percent leased — comprises more than 100,000 square feet of retail space. Retailers such as Nordstrom Rack, Total Wine & More, T.J. Maxx/HomeGoods and Golf Galaxy anchor the center. Brentwood Place is adjacent to the site of the future 350,000-square-foot Vanderbilt Medical Campus. Jim Hamilton and Brad Buchanan of JLL …

Newport, Tenn. — Marcus & Millichap has brokered the roughly $1.97 million sale of Five Rivers Plaza located in Newport, 41 miles east outside Knoxville. The retail center — which totals 40,085 square feet — was fully leased at the time of sale. Family Dollar Tree anchors 55 percent of the property on a five-year lease. There are four years remaining on the lease with five, five-year renewal options. Other tenants at the property include Little Caesars, Cricket Wireless and Vape & Tobacco Shop. Zach Taylor and Eric Abbott of …