Tennessee

Madison, Tenn. — Franklin Street has brokered the $8.1 million sale of Village at RiverGate, a shopping center located in the Nashville suburb of Madison. Built in 1981, the property comprises 64,106 square feet and was renovated in 2020. Tenants at the center include JoAnn Fabrics, GameStop, Chuck E. Cheese and We Rock the Spectrum. John Tennant and Bryan Belk of Franklin Street represented the seller, Hendon Properties, in the transaction. An undisclosed local private investor purchased the property.

Greeneville, Tenn. — Marcus & Millichap has arranged the sale of a 40,448-square-foot, multi-tenant retail property located in the Eastern Tennessee city of Greeneville. Dominic Sulo and Brett Winger of Marcus & Millichap represented the seller, a New Jersey-based limited liability company, in the $2.4 million transaction. Dominic Sulo and Samuel Malato of Marcus & Millichap secured and represented the buyer, A Tennessee-based LLC. Jody McKibben assisted in closing the transaction as the broker of record in Tennessee.

Cleveland, Tenn. — JLL Capital Markets has brokered the sale of Cleveland Towne Center, a 148,203-square-foot shopping center located in the northeast Chattanooga suburb of Cleveland. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller, Wicker Park Capital Management LLC, in the $19.5 million transaction. Bodin Properties acquired the center, which was fully leased at the time of sale. Ross Dress for Less, Ashley Furniture, Old Navy, Books-A-Million and Electronic Express anchor the property, which is also shadow-anchored by Kohl’s and Target.