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JLL Arranges $91.7 Million Sale-Leaseback of Retail Bank Portfolio Spanning Five States

by Abby Cox

Chicago — JLL Capital Markets has arranged the $91.7 million sale-leaseback of 34 retail bank branches occupied by Trustmark Bank, spanning five states across the Southeast. The 222,037-square-foot portfolio includes 15-year absolute triple-net leaseback agreements featuring 1.5 percent annual rent increases. The portfolio is predominantly located in Mississippi, alongside locations in Florida’s Gulf Coast; Memphis, Tennessee; Houston, Texas; and Montgomery and Huntsville, Alabama. Trustmark will continue to operate branches at each of the locations with no changes to its products or service offerings. JLL’s Chicago-based Corporate Capital Markets and Net Lease …

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JLL Arranges $54.3 Million Sale of Retail Portfolio in Nashville

by Abby Cox

Nashville, Tenn. — JLL Capital Markets has arranged the $54.3 million sale of a two-property retail portfolio located in Nashville. The properties, which span 134,113 square feet, include Breeze Block at 6100-6110 Robertson Ave. and Stateline at 5300 Centennial Blvd. Breeze Block totals 39,452 square feet and serves as a neighborhood-oriented destination featuring retail, restaurant, wellness and office space. Stateline comprises 94,661 square feet of mixed-use space and includes a blend of office, retail, health and wellness and service-oriented tenants. Both properties were developed within the past several years and offer …

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GBT Realty to Develop 300,000-Square-Foot Retail Center in Metro Nashville, Tennessee

by Abby Cox

Gallatin, Tenn. — GBT Realty Corp. has announced plans to develop The Crossroads of Gallatin, a 300,000-square-foot shopping center located in Gallatin, approximately 30 miles northeast of Nashville. Current development plans include roughly 30,000 square feet of divisible shop space, multiple large format retail spaces ranging up to 55,000 square feet and six outparcels. The Brentwood, Tennessee-based developer is currently in discussion with multiple dining, retail, health and fitness and service-based retailers and restaurants. Upon full build-out, The Crossroads of Gallatin will be the largest shopping destination constructed in the Nashville MSA …

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Urban Story Ventures Announces $350 Million Retail, Residential District at The Bend Mixed-Use Development

by Abby Cox

Chattanooga, Tenn. — Urban Story Ventures has announced a new $350 million retail and residential district that will be joining The Bend, a 120-acre mixed-use riverfront development along the Tennessee River in downtown Chattanooga. The project is being delivered in partnership with Hill Partners and Perkins&Will. Construction is expected to begin in 2027, with an anticipated completion timeline for the fall of 2028. The new open-air district will feature a blend of restaurants, retail, office space and residential, as well as a $300 million amphitheater that is being developed by Venu …

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Academy to Open 11 New Stores Across Six States in Third Quarter 2026

by Abby Cox

Katy, Texas — Academy Sports + Outdoors has opened two new stores in St. Clairsville, Ohio, and Kerrville, Texas, with plans to open nine additional locations this quarter in Celina, Texas; McAlester, Oklahoma; Lacy Lakeview, Texas; Fayetteville, Georgia; Roanoke, Virginia; Statesboro, Georgia; Granbury, Texas; Millington, Tennessee; and Fairview, Texas. To date, Academy has opened seven new stores in 2026 and anticipates opening a total of 20 to 25 new locations this fiscal year. Academy Sports + Outdoors has opened more than 60 new locations since 2022, including 24 new stores across …

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Grocery-anchoredInvestment salesNewsTennessee

Sembler Co., Forge Capital Acquire Kroger-Anchored Center in Jackson, Tennessee

by Abby Cox

Jackson, Tenn. — The Sembler Co. and Forge Capital have acquired Lynnwood Place, a 96,613-square-foot, grocery-anchored center located in Jackson. The property was acquired through the Forge Real Estate Partners investment fund. Lynnwood Place, which was 82 percent occupied at the time of sale, features a mix of tenants such as Kroger, Domino’s Pizza, Cato and Spectrum. Approximately 17,515 square feet of small-shop space is available for lease. The Sembler Co. will serve as the property manager and leasing agent at the center. Cushman & Wakefield represented the seller, Phillips Edison …

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Blackwater Real Estate Sells 63,987-Square-Foot, Grocery-Anchored Center in Metro Nashville, Tennessee

by Abby Cox

Gallatin, Tenn. — Blackwater Real Estate has sold Newmans Crossing, a 63,987-square-foot retail center located in Gallatin, approximately 30 miles northeast of Nashville. Built in 2022 and 2023, the fully leased property is anchored by a 48,387-square-foot Publix. Additional tenants include Agaves Mexican Restaurant, Kung Fu Tea, Ichiban Steak Express, Fowler Family Dentist, Galaxy Nail Bar and Crown & Iris. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented Blackwater Real Estate in the transaction. Publix purchased the property for an undisclosed price.

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RealSource Group Arranges $2.7 Million Pre-Sale of Single-Tenant Restaurant Property in Southeastern Tennessee

by Abby Cox

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 …

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Matthews Brokers $8.5 Million Sale of Retail Strip Center in East Nashville

by Abby Cox

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 …

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Partnership to Launch $280 Million Mixed-Use Entertainment District Surrounding Neyland Stadium in Knoxville

by Abby Cox

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 …

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