Marcus & Millichap Brokers $3.6 Million Sale of Retail Center in Chattanooga, Tennessee

by Hayden Spiess

Chattanooga, Tenn. — Marcus & Millichap has brokered the $3.6 million sale of Brainerd Market Center, a 44,800-square-foot retail center located in Chattanooga. The property was 80 percent leased at the time of sale. Situated two miles from Chattanooga Metropolitan Airport, Brainerd Market Center is shadow-anchored by a Walmart Supercenter and is adjacent to East Gate Town Center. Zach Taylor of Marcus & Millichap represented the seller, an undisclosed Tennessee-based developer, in the transaction. Jody McKibben, Marcus & Millichap’s broker of record in Tennessee, assisted in closing the transaction.

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