Jackson, Tenn. — B+E has brokered the $6.8 million sale of an Academy Sports + Outdoors net-leased property in downtown Jackson. The buyer, Chimblo Family Real Estate LLC, worked with B+E to complete a 1031 Tax Deferred Exchange via B+E’s online sales platform. The property is located at 193 Stonebrook Place. Academy has 12 years remaining on its lease. The seller was not disclosed.
Nashville, Tenn. — Bearded Iris Brewery and Barista Parlor, both local to Nashville, have signed leases to join the tenant lineup at Sylvan Supply in Nashville. Third & Urban and FCP are renovating the 96-year-old mill on Charlotte Avenue into a six-building, 130,700-square-foot mixed-use development that will feature office space, outdoor areas and 32,850 square feet of retail and dining space. Bearded Iris Brewery, named for Tennessee’s state flower, will brew experiential batches exclusive to the location, as well as its full portfolio of beer. Barista Parlor will offer coffee …
Memphis, Tenn. — Fred’s Inc. (NASDAQ: FRED), a discount chain and pharmacy, will close 159 underperforming U.S. stores, approximately 30 percent of the company’s total footprint. Memphis, Tennessee-based Fred’s will have about 400 general merchandise stores left open following this round of closures. Fred’s, which competes with smaller-format discount retailers like Dollar General as well as big-box stores like Walmart, also owns and operates two additional chains: Getwell Drug & Dollar and Yazoo Trading Co. The majority of those stores house full-service pharmacy departments, but the company is also looking …
Clarksville, Tenn. — Rise Partners has purchased a vacant 95,000-square-foot retail property in Clarksville, Tennessee, that formerly housed Kmart.
Germantown, Tenn. — PEBB Enterprises has signed Ulta Beauty and Verizon Wireless to leases at Germantown Village Square, a retail and office complex, in Germantown, Tennessee.
Nashville, Tenn. — Tanger Outlets has announced plans to open a new outlet mall in downtown Nashville, Tennessee.
Chattanooga, Tenn. — CBL Properties is planning to redevelop a Sears building at its Hamilton Place mall in Chattanooga into a mixed-use project.
Cookeville, Tenn. — CBL Properties, along with Browning Development Solutions and CHM LLC, has opened The Shoppes at Eagle Point, a power retail center located in Cookeville.
Maryville, Tenn. — Hutton has opened the redeveloped Maryille Commons, a 69,540-square-foot shopping center in Maryville, located 18 miles south of Knoxville.
Ooltewah, Tenn. — HFF has arranged the $18.5 million sale of Snow Hill Village, an 86,108-square-foot shopping center in Ooltewah, located 18 miles east of Chattanooga.
