ATLANTA, GA – HFF announced today that it has closed the sale of approximately 153,000 square feet at Cleveland Towne Center (top left photo), a 348,599-square-foot shopping center in Cleveland, Tennessee, shadow-anchored by Target and Kohl’s. 
HFF marketed the property on behalf of the seller, Cleveland Towne Center LLC, a joint venture partnership between Batson-Cook Development Co. (BCDC) and Brentwood, Tennessee-based Warren Commercial Real Estate. Cole Real Estate Investments purchased Cleveland Towne Center in an all-cash transaction. Cleveland Towne Center is located at 4440 Frontage Road adjacent to Interstate 75 approximately 25 miles northeast of Chattanooga. The property is anchored by Target (shadow), Kohl’s (shadow), Bed Bath & Beyond, Ross Dress For Less, Michaels, Electronic Express and Books-A-Million. BCDC developed Cleveland Towne Center in 2008. The property was 91 percent leased at the time of sale.
The HFF investment sales team representing Cleveland Towne Center LLC was led by managing directors Jim Hamilton (middle right photo) and Richard Reid (lower left photo).Since 1963, BCDC has provided development and capital solutions primarily through partnerships on commercial real estate projects in the southeastern United States.
Based in Atlanta, BCDC is a wholly owned subsidiary of Kajima USA and sister company of Batson-Cook Construction. It offers a wide variety of real estate services from development and construction, to equity and credit enhancements, to brokerage and property management. www.batsoncookdev.com.
Contacts:
JIM R. HAMILTON RICHARD M. REID
HFF Managing Director HFF Managing Director
(404) 942-2212 (404) 942-2209
KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
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