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| Bartlett Towne Center, Bartlett, TN |
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| Jim Hamilton |
ATLANTA, GA –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Bartlett Towne Center, a
192,624-square-foot, Kroger-anchored neighborhood retail center in the
Memphis-area community of Bartlett, Tennessee.
HFF marketed the property
for the seller, Weingarten Realty Investors.
Branch Properties, LLC purchased the asset free and clear of existing
debt.
Located at 6045 Stage
Road, Bartlett Towne Center is situated at the “main and main” intersection of
Stage Road and Bartlett Boulevard, which, with more than 62,000 vehicles per
day, is one of the most heavily traveled intersections in the trade area.
More than 75,000 residents
earning average annual income of $68,950 live within a three-mile radius of the
center.
In addition to Kroger, the
94-percent-leased Bartlett Towne Center is home to Petco, Dollar Tree, Shoe
Carnival, Rent-A-Center, Sally Beauty, FedEx, Ups Store, O’Charley’s, Mattress
Firm, Cato, Supercuts and AT&T.
 |
| Richard Reid |
The HFF investment sales
team representing the seller was led by senior managing directors Jim Hamilton and Richard Reid and associate Brad
Buchanan.
“Bartlett Towne Center
represented a rare opportunity to acquire a dominant, high-performing Kroger-anchored
shopping center in the fast-growing Memphis MSA,” Hamilton said.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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