South Terrace Plaza

Marcus & Millichap Brokers $5.3 Million Sale of Retail Center in Chattanooga

by Katie Sloan

Chattanooga, Tenn. — Marcus & Millichap has brokered the $5.3 million sale of South Terrace Plaza, a 46,700-square-foot retail center located in Chattanooga. The property, which is shadow anchored by AMC Theatres, was 94 percent leased at the time of sale to 12 tenants. According to Marcus & Millichap, six new leases have been executed at the center within the past year. Zach Taylor and Eric Abbott of Marcus & Millichap office represented the seller, a Tennessee-based developer, in the transaction. Jody McKibben of Marcus & Millichap served as the broker of record in Tennessee for the deal. 

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