Tennessee

Greeneville, Tenn. — Matthews Real Estate Investment Services has arranged the sale of Greeneville Commons, a 224,136-square-foot neighborhood shopping center located in Greeneville. An affiliate of Hackney Real Estate Partners has purchased the center from New York-based Brixmor for $26 million, according to The Greeneville Sun. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the seller in the transaction. Originally opened in 1990, Greeneville Commons is anchored by Ross, Hobby Lobby, Five Below and Marshalls and is currently more than 90 percent leased. Other retailers at the center …

Murfreesboro, Tenn. — Avison Young has arranged the $7.8 million sale of a newly constructed property occupied by Trader Joe’s in Murfreesboro, roughly 35 miles southeast of Nashville. The 13,050-square-foot grocery store is situated on 2.3 acres and opened earlier this year. Jordan Powell, Lisa Maki and Mike Jacobs of Avison Young represented the locally based seller, TDK Corp. Trader Joe’s acquired the property by exercising its right of first refusal.  Founded in 1967, Monrovia, California-based Trader Joe’s operates 608 stores across 43 states.

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.