HFF announces the $14.42 million sale of Nashville-area retail center

Mallory Corners, Brentwood, TN

 ATLANTA, GA – – Holliday Fenoglio Fowler, L.P. (HFF) announces the $14.42 million sale of Mallory Corners, a 70,000-square-foot community shopping center in the Nashville suburb of Brentwood, Tennessee.

Jim Hamilton

The HFF team marketed the property on behalf of the seller, the estate of Charles S. Ackerman, under advisement from Atlanta-based Ackerman & Co.  Longpoint Realty Partners, LP purchased the asset.

Anchored by Barnes & Noble and Electronic Express, the 96-percent-leased Mallory Corners is also home to Brilliant Sky Toys & Books, Sprint, Hoover Paint, AAA Autoclub and Play it Again Sports. 

 The center is at 1701 Mallory Lane on a highly trafficked and signalized intersection that exposes the center to more than 37,500 vehicles per day in the affluent Cool Springs submarket, one of the densest and most highly sought-after corridors for retailers due to its limited available space and high barriers to entry. 

Shea Petrick

 The center has easy access to Interstate 65, the main artery connecting Nashville to Birmingham, and is about 16 miles south of downtown Nashville.  More than 95,079 residents earning an average annual household income of $169,284 live within a five-mile radius of Mallory Corners.

The HFF investment advisory team representing the seller included senior managing director Jim Hamilton and analyst Shea Petrick.  

Leo Wiener with Ackerman Retail, a division of Ackerman & Co., is acting as an advisor to the estate of Charles S. Ackerman.

Leo Wiener

Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast.  

The company, founded in 1967, retains an expert team of more than 100 real estate professionals.  

To date, Ackerman & Co. has developed and acquired 35 million square feet of office, medical, industrial, retail and mixed-use space, has eight million square feet under management and maintains an investment portfolio valued at $1 billion. 

Dwight Angelini

Longpoint Realty Partners, LP (“Longpoint”) is a real estate private equity firm and Registered Investment Adviser with its headquarters in Boston, Massachusetts.

 The firm focuses on maximizing risk adjusted returns by employing a fundamental value strategy to real estate investing.  Longpoint seeks to take advantage of secular changes in consumer behavior by acquiring “last mile” industrial and infill retail properties. 

 Founding Partners Dwight Angelini, Nilesh Bubna, Reid Parker and Robert Provost have worked together for the better part of 10 years and have successfully navigated multiple market cycles.  Visit for more information.

CONTACTS:

KIMBERLY STEELE

HFF Digital Content/Public Relations Specialist

(713) 852-3420

ksteele@hfflp.com

JIM HAMILTON

TN Lic. #320889

HFF Senior Managing Director

(404) 832-8460

jhamilton@hfflp.com

www.ackermanco.com.
 http://www.longpoint.com