Hutton Sells 59-Property, $185.8 Million Retail Portfolio Across U.S.

by Camren Skelton

Chattanooga, Tenn. — Chattanooga-based Hutton has sold a 59-property, single tenant retail portfolio for $185.8 million.

 The properties are located in 14 states and are net leased to tenants including O’Reilly Auto Parts, Walmart Neighborhood Market, Family Dollar and Dollar General. The firms will use proceeds from the sale to invest in properties totaling more than $350 million of project costs in 2018.  

“This is a fantastic achievement for the Hutton Team and demonstrates the value we create for clients, investors and the communities we help support,” said Karen Hutton, president and CEO of Hutton. “The proceeds from this sale will allow us to continue our tremendous pace of execution and further solidify our exciting and growing company.”

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