Wednesday, June 26, 2013

Sale of grocery-anchored retail center in Memphis, TN closed by HFF


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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