Tennessee

Cleveland, Tenn. — JLL Capital Markets has brokered the sale of Cleveland Towne Center, a 148,203-square-foot shopping center located in the northeast Chattanooga suburb of Cleveland. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller, Wicker Park Capital Management LLC, in the $19.5 million transaction. Bodin Properties acquired the center, which was fully leased at the time of sale. Ross Dress for Less, Ashley Furniture, Old Navy, Books-A-Million and Electronic Express anchor the property, which is also shadow-anchored by Kohl’s and Target.

Nashville, Tenn. — Matthews Real Estate Investment Services has brokered the sale of a 10,656-square-foot shopping center located in Nashville, about six miles outside of the city’s downtown district. The property is currently under construction and is fully preleased to tenants including Chase Bank, Pacific Dental Services and Sleep Outfitters, all of which are on 10-year leases. Hutt Cooke and Clay Smith of Matthews represented the seller, a partnership of five individual investors, in the $8.4 million, all-cash transaction. An undisclosed private investor acquired the property in a 1031 exchange.

Germantown, Tenn. — PEBB Enterprises has sold Germantown Village Square, a 199,142-square-foot mixed-use property located in the Memphis suburb of Germantown, for $35.5 million. The property includes 138,995 square feet of ground-floor retail space and 60,147 square feet of second-floor office space occupied primarily by West Clinic, a subsidiary of Baptist Memorial Health Services. Germantown Village Square was 90 percent occupied at the time of sale by tenants including TJ Maxx, DSW, Ulta Beauty, Old Navy and Five Below. The property was developed in 1975 at 7670 Poplar Ave. and …