GBT Realty Corp Acquires Brentwood Corners Retail Center From CenterSquare Investment Management For $10.4M

The property involved in this transaction is a retail center located at 214 Ward Circle in Brentwood, Tennessee. It has a sale price of $10,400,000 and encompasses a total area of 22,268 square feet, resulting in a price per square foot of $467. The property is fully leased and underwent renovations in 2023, hosting tenants such as Serrato’s Steakhouse and Iron Tribe Fitness.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,400,000
• Square Footage: 22,268
• Price per Square Foot: $467
• Buyer: GBT Realty Corp
• Seller: CenterSquare Investment Management

The deal was executed with GBT Realty Corp acquiring the property from CenterSquare Investment Management, further solidifying their portfolio in the Brentwood market. The transaction reflects ongoing investment interest in retail assets featuring established tenants.