Bodin Properties Acquires Retail Property In Cleveland, TN For $20M

Bodin Properties has acquired a retail property located at 4580 Frontage Rd NW in Cleveland, TN. The property spans across 148,203 square feet and was sold for a price of $20,000,000, resulting in a price per square foot of $135.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $20,000,000
• Address: 4580 Frontage Rd NW, Cleveland, TN
• Market: Cleveland, TN
• Buyer: Bodin Properties
• Seller: Wicker Park Capital Management
• Brokers: Brad Buchanan, Jim Hamilton & Andrew Kahn - JLL
• Square Footage: 148,203
• Price per Square Foot: $135

The transaction was facilitated by Brad Buchanan, Jim Hamilton, and Andrew Kahn from JLL. They represented both the buyer, Bodin Properties, and the seller, Wicker Park Capital Management, in this retail property sale.