 |
| Summer Center, 4270 Summer Ave., Downtown Memphis, TN |
ATLANTA, GA – HFF announced today that it has closed the
sale of Summer Center, a 148,685-square-foot grocery-anchored retail
center in Memphis, Tennessee.
 |
| Jim Hamilton |
HFF
marketed the property on behalf of the seller, Weingarten Realty
Investors. BDB Realty purchased the
asset for an undisclosed amount.
Summer Center is located at 4270 Summer Avenue near
the intersection of Waring Road east of downtown Memphis in close proximity to
the University of Memphis, Southwest Tennessee Community College, St. Jude’s
Children’s Research Hospital and numerous corporate headquarters for companies
such as FedEx, AutoZone, ServiceMaster, International Paper and Methodist
LeBonheur Healthcare.
 |
| Richard Reid |
Renovated in 2008,
the property is 95 percent leased and anchored by Kroger and Ross Dress for
Less.
The
HFF team representing the seller was led by managing directors Jim Hamilton
and Richard Reid.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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