Memphis, Tenn. — Poag Shopping Centers has signed 14 new tenants to properties across its retail portfolio. New tenants include Mayweather Boxing + Fitness, 9292 Korean BBQ and OVME at The Avenue Peachtree City in Peachtree City, Georgia; Nothing Bundt Cakes
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Nashville, Tenn. — Tanger Factory Outlet Centers Inc. has broken ground on Tanger Outlets Nashville, a 290,000-square-foot outlet mall in Nashville. Scheduled to open in fall 2023, the six-building, open-air property will be located on a 32-acre site along I-24
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Los Angeles — Tauro Capital Advisors has secured the $149.7 million refinancing of a 24-property Walgreens portfolio primarily located across Tennessee, Wisconsin and Alabama. Matt Bucaro of the Los Angeles-based firm secured the one-year floating bridge loan through Benefit Street
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Chattanooga, Tenn. — SRS Real Estate Partners has brokered the sale of East Ridge Crossing, a 58,950-square-foot, Food Lion-anchored shopping center in Chattanooga. Kyle Stonis and Pierce Mayson of SRS represented the undisclosed seller and Tyler Matthews of Austin Sumner
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Memphis, Tenn. — SRS Real Estate Partners has brokered the sale of Cross Creek Shopping Center, a 262,847-square-foot retail property in Memphis. A New York-based entity doing business as Allied Development of Memphis LLC sold the property for an undisclosed
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Kingsport, Tenn. — Marcus & Millichap has brokered the $4.5 million sale of Shoppes at East Stone, a 24,502-square-foot retail property located at 2637 E. Stone Drive in Kingsport. Michael Early of Marcus & Millichap represented the seller, an undisclosed
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Knoxville, Tenn. — SRS’ Investment Properties Group has brokered the sale of Clinton Plaza, a 126,145-square-foot grocery-anchored neighborhood center in Knoxville. LBD Properties LLC purchased the property. Kyle Stonis and Pierce Mayson of the SRS represented the undisclosed seller in
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Atlanta and New York City — Blackstone Real Estate Income Trust Inc. (BREIT) has entered into a definitive agreement to acquire Preferred Apartment Communities Inc. (PAC) for approximately $5.8 billion. Under the terms of the agreement, BREIT will acquire all
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Atlanta — Stockbridge has acquired a six-property, grocery-anchored portfolio located in five markets across the Southeast. Branch Properties will maintain minority ownership in the portfolio and will continue to handle management and leasing at the property level. The portfolio features
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Franklin, Tenn. — Matthews Real Estate Investment Services has negotiated the $11.8 million sale of Carothers Crossing, a shopping center located roughly 22 miles outside Nashville in Franklin. Hutt Cooke and Clay Smith of Matthews Real Estate Investment Services represented
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Memphis, Tenn. and Birmingham, Ala. — Aztec Group has secured a total of $43 million in acquisition financing for two shopping centers, Ridgeway Trace in Memphis and Promenade Fultondale in Birmingham. Brell Tarich and Charles Penan of Aztec Group secured
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Nashville, Tenn. — Stan Johnson Co. has brokered the $7.3 million sale of a single-tenant restaurant located at 1911 Broadway St. in Nashville. The 3,643-square-foot property is leased to Velvet Taco, a fast-casual dining concept based out of Plano, Texas.
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