Tennessee

Brentwood, Tenn. — Regency Centers has acquired Brentwood Place Shopping Center, a 318,952-square-foot retail center located in the Nashville suburb of Brentwood. According to the Nashville Business Journal, the center sold for $118.5 million. The property — which is 95 percent leased — comprises more than 100,000 square feet of retail space. Retailers such as Nordstrom Rack, Total Wine & More, T.J. Maxx/HomeGoods and Golf Galaxy anchor the center. Brentwood Place is adjacent to the site of the future 350,000-square-foot Vanderbilt Medical Campus. Jim Hamilton and Brad Buchanan of JLL …

Newport, Tenn. — Marcus & Millichap has brokered the roughly $1.97 million sale of Five Rivers Plaza located in Newport, 41 miles east outside Knoxville. The retail center — which totals 40,085 square feet — was fully leased at the time of sale. Family Dollar Tree anchors 55 percent of the property on a five-year lease. There are four years remaining on the lease with five, five-year renewal options. Other tenants at the property include Little Caesars, Cricket Wireless and Vape & Tobacco Shop. Zach Taylor and Eric Abbott of …

Sparta, Tenn. — Cooper Commercial Investment Group has brokered the $3.6 million sale of Taft Church Station in Sparta, located in the Nashville MSA. Built in 2004, the 18,700-square-foot shopping center was 85 percent leased at the time of sale. Tenants at the property include Fast Pace Health Urgent Care, Verizon Wireless and DaVita Dialysis. The center is shadow-anchored by Walmart. Dan Cooper of Cooper Commercial represented the seller, a Texas-based private investment group, in the transaction. The Tennessee-based buyer purchased the property with a 7.9 percent cap rate.