Tennessee

Nashville, Tenn. — Matthews Real Estate Investment Services has brokered the sale of a 10,656-square-foot shopping center located in Nashville, about six miles outside of the city’s downtown district. The property is currently under construction and is fully preleased to tenants including Chase Bank, Pacific Dental Services and Sleep Outfitters, all of which are on 10-year leases. Hutt Cooke and Clay Smith of Matthews represented the seller, a partnership of five individual investors, in the $8.4 million, all-cash transaction. An undisclosed private investor acquired the property in a 1031 exchange.

Germantown, Tenn. — PEBB Enterprises has sold Germantown Village Square, a 199,142-square-foot mixed-use property located in the Memphis suburb of Germantown, for $35.5 million. The property includes 138,995 square feet of ground-floor retail space and 60,147 square feet of second-floor office space occupied primarily by West Clinic, a subsidiary of Baptist Memorial Health Services. Germantown Village Square was 90 percent occupied at the time of sale by tenants including TJ Maxx, DSW, Ulta Beauty, Old Navy and Five Below. The property was developed in 1975 at 7670 Poplar Ave. and …

Alcoa, Tenn. — SRS Real Estate Partners’ National Net Lease Group has brokered the $2.4 million ground-lease sale of an 8,354-square-foot restaurant at 1125 Franck St. in Alcoa, a suburb of Knoxville. The landowner and tenant, Texas Roadhouse Inc., sold the 2.4-acre site to an undisclosed investor based in Virginia. The newly constructed restaurant is set to open in September, and Texas Roadhouse is subject to a 15-year ground lease. Morgan Creech and Sarah Shanks of SRS’ Louisville office represented Texas Roadhouse in the transaction. Feldman Ruel Urban Property Advisors …