Hixson, Tenn. — RealSource Group has arranged the $2.7 million pre-sale of a single-tenant restaurant property in Hixson. Upon completion, Chick-fil-A will occupy the 6,008-square-foot building on a 15-year corporate triple-net ground lease. The store features a double drive-thru and will replace an existing Chick-fil-A property at Oak Park Town Center, a 182,000-square-foot shopping center. Construction is scheduled to begin in September 2026. Jonathan Schiffer and Austin Blodgett of RealSource Group, in association with ParaSell Inc., represented the buyer, a high‑net‑worth investor based in Florida. Don McMinn and Andrew Koriwchak …
Tennessee
Nashville, Tenn. — Matthews has brokered the $8.5 million sale of a retail strip center located at 1000 Woodland St. in east Nashville’s Five Points district. Built in 2023, the retail center spans 8,207 square feet and houses two tenants: Bartaco and Edley’s Bar-B-Que, which occupy the center on 10-year triple-net leases with annual rent escalations. Ben Burnett of Matthews brokered the transaction. The buyer was a locally based private investor completing a 1031 exchange. The seller was not disclosed. Additionally, Matthews Capital Markets’ team secured a $5.1 million, five-year …
Partnership to Launch $280 Million Mixed-Use Entertainment District Surrounding Neyland Stadium in Knoxville
Knoxville, Tenn. — A public-private partnership between the University of Tennessee and a newly formed development platform comprising Arctos, RVX Ventures and Magellan Development Group will soon begin the development of Neyland Entertainment District, a $280 million mixed-use village surrounding Neyland Stadium, the home football arena of the University of Tennessee. The waterfront development in Knoxville will feature approximately 100,000 square feet of entertainment space alongside a 24-story hotel and residences with rooftop space and a private members club. Arctos is the majority equity investor in the project and is …
Nashville, Tenn. — Bed Bath & Beyond has announced its first phase of its nationwide rollout of the new Bed Bath & Beyond + The Container Store retail format. The first 22 locations will begin welcoming customers to the new format immediately, with additional stores scheduled to convert over the next several weeks. The rollout follows the launch of the company’s first co-branded store in Texas. The new stores combine Bed Bath & Beyond’s assortment of bedding, bath, kitchen, entertainment and home essentials with The Container Store’s expertise in organization, custom …
Katz & Associates Arranges $8.7 Million Purchase of Hallcrest Plaza in Metro Nashville, Tennessee
Dickson, Tenn. — Katz & Associates has arranged the $8.7 million purchase of Hallcrest Plaza, a 54,000-square-foot shopping center located in Dickson, roughly 35 miles west of Nashville. Hallcrest Plaza is anchored by Ulta Beauty, pOpshelf and Office Depot. Holly Buchanan of Katz & Associates represented the buyer, an entity doing business as 413 Dickson LLC. Ty Hasty of Great South Real Estate & Development represented the seller, Pebble Holdings II, in the transaction.
New York — ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Cos., has acquired a seven-property, single-tenant net lease portfolio in six states including North Carolina, Alabama, Kentucky, Michigan, Tennessee and Virginia. The portfolio, which spans approximately 51,192 square feet, comprises two Pinnacle Bank locations, three CVS Pharmacy locations and two NAPA Auto Parts. The portfolio features a 13.6 weighted average lease term, with contractual rent increases and renewal options across all properties. Each property operates on an absolute triple-net lease basis. The two Pinnacle Bank …
Clarksville, Tenn. — Matthews has negotiated the sale of Shops of Wilma Rudolph, a 10,031-square-foot retail center located at 3031 Wilma Rudolph Blvd. in Clarksville, about 46 miles northwest of Nashville. A private investor based in north Alabama purchased the center from the seller, a development firm based in Tennessee, for more than $5 million. Hutt Cooke and Robert Tate of Matthews represented the seller in the transaction. Shops of Wilma was fully leased at the time of sale to Sleep Number, FedEx Office and a U.S. Army Recruiting Station, …
Baltimore and Hillard, Ohio — Continental Realty Corp. has purchased a 14-property shopping center portfolio located across seven states in the Southeast and Midwest. The Baltimore-based firm purchased the more than 2 million-square-foot portfolio from Hillard-based US Properties Group for an undisclosed price. Chris Decoufle and Kevin Hurley of CBRE represented the seller in the off-market transaction. The acquisition grows Continental Realty’s holdings to nearly $5 billion in assets under management and expands its geographic footprint to 16 states, including its entry into Ohio. The portfolio was 93 percent leased at …
Matthews Facilitates Sale of 17-Property Dollar General Retail Portfolio in Eight States
Nashville, Tenn. — Matthews has facilitated the sale of a 17-property Dollar General retail portfolio. The portfolio spans eight states: Arkansas, Iowa, Kentucky, Louisiana, Michigan, New York, Pennsylvania and Tennessee. The portfolio closed at 98.8 percent of the listing price and features absolute triple-net lease structures with a 10.2-year weighted average lease term.
Carmichael Capital Acquires 22,802-Square-Foot Adaptive Reuse Retail Property in Nashville, Tennessee
Nashville, Tenn. — Carmichael Capital LLC, a locally based real estate investment firm founded by Taylor Camp, has acquired The Mill, a 22,802-square-foot adaptive reuse retail property located at 515 Merritt Ave. in Nashville’s Wedgewood-Houston neighborhood. SomeraRoad, a mixed-use development firm based in Nashville, sold the property for an undisclosed price. The Mill’s tenant roster comprises retail and restaurant concepts including Indochino, Hermitage Kitchen Gallery, Gordo’s Taqueria and BC Block Fitness. Kipper Worthington of Cushman & Wakefield handles the leasing assignment at The Mill, which is the second acquisition in …