Marcus & Millichap Arranges Sale of Two Old Time Pottery Stores in Alabama and Tennessee

Old Time Pottery, Murfreesboro, TN

Barry M. Wolfe

FORT LAUDERDALE, FL, May 19, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today has arranged the sale of Old Time Pottery’s flagship store, corporate headquarters and main distribution center in Murfreesboro, Tenn., and the retailer’s Foley, Ala., store.

The terms of the sales were not released. The flagship store, corporate HQ and main distribution center transaction closed in February 2015 and the Foley, Ala., store changed hands this month.

Barry M. Wolfe and David M. Greenberg, vice president investments, along with Alan Lipsky and Robert S. Hunter, associates, all in Marcus & Millichap’s Fort Lauderdale office, exclusively represented the seller of the properties, a partnership from Nashville, Tenn.

Glen Kunofsky, in the firm’s Manhattan office, procured the buyer, a publicly traded real estate investment trust based in Scottsdale, Ariz. 

Eddie Greenhalgh, senior associate in Marcus & Millichap’s Birmingham office is the firm’s broker of record in Alabama. Anne Williams, senior associate in Marcus & Millichap’s Memphis office, is the company’s broker of record in Tennessee.

“Old Time Pottery is an outstanding retail brand and this was a unique opportunity for the buyer to acquire two solid retail locations along with the retailer’s mission-critical corporate facilities. There was significant interest in these assets, which speaks to the strength of the company and the locations,” says Wolfe.

David M. Greenberg

“This was a great opportunity for the purchaser to expand and strengthen its net-lease portfolio by acquiring the essential facilities of a strong tenant,” adds Kunofsky.

Located at 480 River Rock Blvd., the Murfreesboro, Tenn. site includes 312,096 square feet of rentable space and sits on approximately 20 acres adjacent to the interchange of Old Fort Parkway (Tennessee Highway 96) and Interstate 24, which connects Murfreesboro with Nashville.

Situated at the southeast corner of the intersection of Alabama Highway 59 and Keller Road, the Foley, Ala., location includes 10.1 acres of land with a single retail structure totaling 109,968 rentable square feet. The Foley store is located at 7976 State Highway 59.

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

Gina Relva

 Public Relations Manager

(925) 953-1716