SRS’ Southeast Investment Sales team exclusively marketed and brokered the sale of North Hixson Marketplace Shopping Center in Chattanooga, Tennessee. The center is located at 8530 Hixson Pike, which is situated on the southeast corner of the intersection of Hixson Pike and Camp Columbus Road. North Hixson Marketplace consists of 64,254 square feet on 8.97 acres of land and is anchored by Food City. The seller, Mimms Investments, sold the property for $5.25 million on Dec. 15, 2016 to Slate U.S. Acquisitions, LLC.
“North Hixson Marketplace is a quality asset which garnered as much interest as we anticipated given the long-term lease to Food City, opportunity to add value and the excellent condition in which Mimms kept the property,” said Kyle Stonis, senior vice president for SRS’ Southeast Investment Sales Team. “We were not surprised to receive several early offers, one of which was Slate, and this property is going to be a great addition to their portfolio.”
Kyle Stonis, senior vice president and market leader, and Pierce Mayson, senior vice president, in the SRS Atlanta 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, investment services and management 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.