Tennessee

RiverGate-Mall_Goodlettsville
DevelopmentMixed-useNewsTennessee

Merus Acquires RiverGate Mall in Metro Nashville, Plans $450 Million Mixed-Use Redevelopment

by Abby Cox

Goodlettsville, Tenn. — Merus, a design-build firm that was formerly known as Al. Neyer, has purchased RiverGate Mall, an enclosed shopping mall located at 1000 Rivergate Parkway in Goodlettsville that opened in 1971. The Cincinnati-based firm is planning to transform the 57-acre site on the northern outskirts of Nashville into a $450 million mixed-use district. Merus plans to demolish the mall this spring. In its place, the firm will develop 700 multifamily units, 100 townhomes, 80 independent seniors housing units, more than 130,000 square feet of retail and dining space and …

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Green_Hills
DevelopmentFloridaIllinoisNewsTennessee

Simon to Invest $250 Million for Redevelopment of Three Malls in Nashville, Denver and Tampa

by Abby Cox

Indianapolis — Indianapolis-based mall owner Simon Property Group has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according …

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Kohls_Knoxville
Investment salesNewsTennessee

Marcus & Millichap Negotiates Sale of 86,584-Square-Foot Single-Tenant Retail Property in Knoxville, Tennessee

by Abby Cox

Knoxville, Tenn. — Marcus & Millichap has negotiated the sale of an 86,584-square-foot single-tenant retail property located in Knoxville. Kohl’s has fully occupied the freestanding building on a triple-net lease since it was constructed in 1997. A Sephora store-within-a-store was also added to the Kohl’s in 2023. The property is situated on 32.7 acres, roughly eight miles from downtown Knoxville and the University of Tennessee. Andrew Antoniou and Dominic Sulo of Marcus & Millichap’s Chicago/Oak Brook office represented the seller in the transaction. Jody McKibben served as Marcus & Millichap’s …

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The-Bend_Chattanooga
DevelopmentFinanceMixed-useNewsTennessee

Hilco Provides $47.5M Construction Loan for Mixed-Use Development in Chattanooga, Tennessee

by Abby Cox

Chattanooga, Tenn. — Hilco Global Real Estate Capital has provided a $47.5 million loan to Urban Story Ventures to support the recapitalization and continued development of The Bend, a 100-acre mixed-use development underway in Chattanooga. Plans for the project, which will feature more than 3,000 linear feet of frontage along a bend of the Tennessee River, include approximately 1,700 residential units; 1.1 million square feet of office space; 1.2 million square feet of dining, shops and service retailers; 600 hotel rooms; entertainment and cultural venues; and a 300-slip marina. The …

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Clarksville-Square
Investment salesNewsTennessee

Dowd Cos. Negotiates Sale of Clarksville Square in Northern Tennessee for $5.6 Million

by Abby Cox

Clarksville, Tenn. — The Dowd Cos. has negotiated the sale of Clarksville Square, an 89,924-square-foot shopping center located in Clarksville, for $5.6 million. Built in 1967, the center was fully leased at the time of sale to 10 tenants including Dollar Tree, Big Lots, Farmers Home Furniture and an O’Reilly Auto Parts outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the seller in the transaction. The buyer was a local investor.

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Sprouts Farmers Market
Grocery-anchoredNewsTennessee

GBT Realty to Develop Sprouts Farmers Market at Port Royal Marketplace in Metro Nashville

by Abby Cox

Spring Hill, Tenn. — GBT Realty has submitted plans to develop a Sprouts Farmers Market to anchor Port Royal Marketplace, a planned retail center in Spring Hill, approximately 35 miles south of Nashville. Following city approvals, GBT anticipates construction to commence in early 2026, with completion planned for early 2027. Situated on the southwest corner of Duplex and Port Royal roads, Port Royal Marketplace is expected to total 46,000 square feet and will feature a 23,000-square-foot Sprouts, 16,000 square feet of inline shops and a 6,800-square-foot shop building. In addition, …

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Sagefield Nashville
DevelopmentMixed-useNewsTennessee

Simon to Develop 100-Acre Sagefield Mixed-Use Center in South Nashville

by Abby Cox

Nashville, Tenn. — Simon Property Group plans to develop Sagefield, a 100-acre mixed-use destination that will be located on the south side of Nashville. The construction timeline for the project was not released. Situated in the hills of Williamson County, the planned project will feature lifestyle shops, restaurants and service retail spaces, as well as a landmark hotel by Author & Edit Hospitality, a hotel brand helmed by restaurateur and hotelier Sam Fox of Fox Restaurant Concepts. “This exciting new development will set a new standard for quiet luxury in …

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Shoppes at East Stone
Investment salesNewsTennessee

Marcus & Millichap Arranges Sale of 23,876-Square-Foot Retail Center in Kingsport, Tennessee

by Abby Cox

Kingsport, Tenn. — Marcus & Millichap has arranged the sale of Shoppes at East Stone, a 23,876-square-foot retail center located in Kingsport, a city near the Tennessee-Virginia border. Built in 2011, the property was 95 percent leased at the time of sale to tenants including Jersey Mike’s, Stanton Optical, East Coast Wings + Grill, Lendmark Financial Services, Lumber Liquidators and Polish Nail Bar. Michael J. Early of Marcus & Millichap represented the seller, a Maryland-based family office, in the transaction. Jody McKibben was Marcus & Millichap’s broker of record in Tennessee. 

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Investment salesNewsTennessee

CenterSquare Sells 22,268-Square-Foot Brentwood Corners in Suburban Nashville

by Abby Cox

Brentwood, Tenn. — Conshohocken, Pennsylvania-based CenterSquare has sold Brentwood Corners, a 22,268-square-foot retail center located in Brentwood, approximately 11 miles south of downtown Nashville. GBT Realty Corp. purchased the center for $10.4 million, as reported by the Nashville Business Journal. Built in 1988 and renovated in 2023, Brentwood Corners was 100 percent leased at the time of sale to tenants including Serrato’s Steakhouse, Jefferson’s Restaurant, Iron Tribe Fitness and the newly opened 100 Pizza. CenterSquare originally acquired Brentwood Corners in late 2022 at 83 percent occupancy.

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Bradley Place
Investment salesNewsPower centersTennessee

Atlantic Capital Partners Arranges Sale of Bradley Place in Suburban Chattanooga for $24.5 Million

by Abby Cox

Cleveland, Tenn. — Atlantic Capital Partners, the Capital Markets division of Atlantic Retail, has sold Bradley Place, a 118,082-square-foot power center located in the northeast Chattanooga suburb of Cleveland, for $24.5 million. HomeGoods, T.J. Maxx, PetSmart and Ulta Beauty anchor the property, which was fully leased at the time of sale. A portion of Bradley Square Mall was redeveloped in 2019 to create space to accommodate Bradley Place. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Ericson of Atlantic Capital Partners represented the seller. The buyer was not disclosed.

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