ATLANTA (January 11, 2019) – SRS’ Investment Properties Group (IPG) exclusively marketed and brokered the sale of Hamilton Crossing in Alcoa, Tenn., which is within the Knoxville MSA. The community center consists of 175,464 square feet and is situated on 17.99 acres of land. It is roughly 95 percent occupied by tenants such as Dick’s Sporting Goods, Ross Dress for Less, Michaels, PetSmart, Old Navy, Shoe Carnival, Buffalo Wild Wings, AT&T, Dental Works & Sears Dental, Five Guys Famous Burgers, Which Wich, and more. The property is located at 111-221 Hamilton Crossing Drive, at the intersection of West Bessemer Street and US-129/TN-115. Hamilton Crossing is located along US-129/TN-115 one of the area’s most highly-trafficked corridors which connects Alcoa and Maryville with Downtown Knoxville, accommodating 36,252 vehicles per day. The confidential acquisition was complete on November 21, 2018.
“We were excited to get another deal closed in Tennessee, where we have had a lot of success this year,” said Kyle Stonis, managing principal, Investment Properties Group. “Our seller had done an excellent job managing the property while maintaining strong relationships with the tenants over the course of their ownership; factors valued by the buyer in acquiring a large, nationally-anchored center like Hamilton Crossing.”
Kyle Stonis, managing principal, and Pierce Mayson, principal, both of the Investment Properties Group in the SRS Atlanta office along with Steve Miskew, managing principal, of the Investment Properties Group in the SRS Fort Lauderdale office represented the seller in the transaction. The buyer did not have representation in this transaction.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.