Hackney Real Estate Partners Acquires Greeneville Commons Retail Center From Brixmor For $26M

Hackney Real Estate Partners acquired a shopping center located at 1317-1386 Tusculum Boulevard, Greeneville, TN. The transaction involved a total sale price of $26,000,000 for the retail asset, which spans an area of 224,136 square feet. The property was built in 1990 and is currently over 90% leased, with key tenants including Ross, Hobby Lobby, Five Below, and Marshalls.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $26,000,000
• Square Footage: 224,136
• Address: 1317-1386 Tusculum Boulevard
• Market: Greeneville, TN
• Price Per Square Foot: $116
• Buyer: Hackney Real Estate Partners
• Seller: Brixmor
• Broker Representatives: Kyle Stonis, Pierce Mayson & Boris Shilkrot - Matthews Real Estate Investment Services

This transaction was facilitated by the brokers from Matthews Real Estate Investment Services, representing both the buyer and the seller in this significant retail property acquisition. The expertise of Kyle Stonis, Pierce Mayson, and Boris Shilkrot contributed to the successful completion of this deal.