Atlantic Capital Partners Arranges $24.5 Million Sale Of Retail Power Center In Cleveland Tennessee

The sale of a retail property located at 300 Paul Huff Parkway, Cleveland, TN, has been finalized for a total of $24,500,000. The asset encompasses 118,082 square feet, translating to a price per square foot of $207. This fully leased power center is anchored by major retailers including HomeGoods, T.J. Maxx, PetSmart, and Ulta Beauty.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $24,500,000
• Square Footage: 118,082
• Price Per Square Foot: $207
• Market: Cleveland, TN

Atlantic Capital Partners facilitated the transaction, representing the interests of the seller. The brokerage involved in the deal consists of Fred Victor, Sam Koonce, Teddy Driscoll, and Matt Ericson from Atlantic Retail. The property was redeveloped in 2019 from part of Bradley Square Mall and the identity of the buyer remains undisclosed.