Friday, July 28, 2017

HFF closes sale of Kroger-anchored retail center in the Memphis MSA

Bartlett Towne Center, Bartlett, TN

Jim Hamilton
ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Bartlett Towne Center, a 192,624-square-foot, Kroger-anchored neighborhood retail center in the Memphis-area community of Bartlett, Tennessee.

HFF marketed the property for the seller, Weingarten Realty Investors.  Branch Properties, LLC purchased the asset free and clear of existing debt.

Located at 6045 Stage Road, Bartlett Towne Center is situated at the “main and main” intersection of Stage Road and Bartlett Boulevard, which, with more than 62,000 vehicles per day, is one of the most heavily traveled intersections in the trade area. 

More than 75,000 residents earning average annual income of $68,950 live within a three-mile radius of the center. 

In addition to Kroger, the 94-percent-leased Bartlett Towne Center is home to Petco, Dollar Tree, Shoe Carnival, Rent-A-Center, Sally Beauty, FedEx, Ups Store, O’Charley’s, Mattress Firm, Cato, Supercuts and AT&T.

Richard Reid
The HFF investment sales team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid and associate Brad Buchanan.

“Bartlett Towne Center represented a rare opportunity to acquire a dominant, high-performing Kroger-anchored shopping center in the fast-growing Memphis MSA,” Hamilton said.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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