HATTIESBURG, MS, April 2, 2015 – Marcus & Millichap
(NYSE: MMI), a leading commercial real estate investment services firm with
offices throughout the United States and Canada, announced the sale of Academy Sports + Outdoors and Shops at
Turtle Creek, a 98,673-square-foot shopping center in Hattiesburg, Miss.
 |
| Alvin Mansour |
Alvin Mansour, senior vice president
investments and Ryan Gomez in Marcus & Millichap’s San Diego office, and Anne Williams, senior associate in the
firm’s Memphis office, represented the seller, a private Texas-based developer,
and the buyer, an institutional net-lease investor.
“Academy
Sports and Shops at Turtle Creek attracted significant interest from throughout
the retail property investment community,” says Mansour.
“The new owner is well positioned to benefit from the center’s strong lineup of triple-net tenants and location within the Turtle Creek Crossing shopping mall.
The property is
situated along the area’s main retail corridor at 6173-6175 U.S. Highway 98 in
Hattiesburg within the 504,000-square-foot power center, Turtle Creek Crossing.
“The new owner is well positioned to benefit from the center’s strong lineup of triple-net tenants and location within the Turtle Creek Crossing shopping mall.
 |
| Anne Williams |
The center is also
across from a 180,000-square-foot Walmart Supercenter and immediately west of
Turtle Creek Mall, an 843,000-square-foot regional mall anchored by Belk,
JCPenney, Dillard’s and Sears.
Built in 2011, the shopping center consists of a
75,760-square-foot Academy Sports + Outdoors built in 2011 and two shopping
spaces built in 2012 totaling 22,913 square feet that are leased to Mattress
Express, Massage Envy Spa, Keesler Federal Credit Union, Papa Murphy’s, and J.
Allan’s.
For a complete copy
of the company’s news release, please contact:
Gina Relva
Public Relations
Manager
(925) 953-1716
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