Palomar Group Brokers $7.8 Million Sale of Portland Village Shopping Center Near Nashville

Portland, Tenn. — The Palomar Group has brokered the sale of Portland Village, an 84,250-square-foot, grocery-anchored shopping center in Portland, about 40.2 miles north of Nashville. The undisclosed buyer, a private investor based in Greenville, South Carolina, bought the property for $7.8 million. The seller was Cincinnati-based Phillips Edison & Co. The Palomar Group represented the buyer and the seller in the transaction. The center was 94 percent leased at the time of sale to tenants including Cash Saver, Planet Fitness and Family Dollar.