InvenTrust Properties Acquires Nashville West Shopping Center From Manova Partners For $88M

The property asset involved in the transaction is a retail space located at 6716 Charlotte Pike, Nashville, TN. The asset was sold for $88,000,000, comprising 750,000 square feet, which denotes a price per square foot of $117. This retail location encompasses a shopping center built in 2008, situated on an 86-acre site, and features multiple established tenants including Ross, Dick's, Marshalls, Best Buy, and Books-A-Million, along with a nearby property at 6622 Charlotte Pike.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $88,000,000
• Buyer: InvenTrust Properties
• Seller: Manova Partners
• Square Footage: 750,000
• Price per Square Foot: $117
• Broker: CBRE

The transaction was facilitated through CBRE, which acted as the broker for the deal between InvenTrust Properties and Manova Partners. This acquisition is centered around the Nashville West Shopping Center, an essential retail location in the area with a diverse mix of tenants, further emphasizing the strategic value of the property in the retail market.