RCG-Collierville VII, LLC Acquires Retail Center In Collierville For $12M

The retail center known as Collierville Crossing, located at 255-295 New Byhalia Road in Collierville, Tennessee, was sold for $12 million. The property spans 94,331 square feet, resulting in a price per square foot of $127. The sale took place on April 18, 2024, with the buyer being RCG-Collierville VII, LLC and the seller being Desco Group and Affinius Capital.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,000,000
• Market: Collierville, TN
• Brokers: Andrew Michols, Brad Buchanan & Jim Hamilton - JLL

JLL Capital Markets facilitated the transaction, with RCG-Collierville VII, LLC acquiring Collierville Crossing from the joint sellers, Desco Group and Affinius Capital. The brokers involved in the deal were Andrew Michols, Brad Buchanan, and Jim Hamilton from JLL, representing the parties in the transaction.