Matthews™ Closes Successful Sale of Neighborhood Center in Tennessee

Sale of a 62,950-Square-Foot Asset in Chattanooga

 

Chattanooga, TN — Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, announces the sale of Hurricane Creek located at 8644 E Brainerd Rd, a 62,590 square-foot multi-tenant neighborhood center. Matthews™ Senior Vice Presidents Kyle Stonis and Pierce Mayson and Associate Vice President Boris Shilkrot facilitated the transaction.

 

The property was sold by Southeast U.S Retail Fund, L.P., and purchased by Hurricane Creek Center LLC. Anchored by Publix, the region’s leading grocer, the neighborhood center offers essential shopping in Chattanooga’s rapidly growing East Brainerd corridor, with a strong presence since 2007 and consistent sales growth of 9.2% year-over-year since 2019. The center benefits from its proximity to outdoor recreation, a revitalized downtown, and a variety of restaurants and attractions.

 

“It was great to get another retail center sold in Chattanooga – a market that continues to command significant investor interest, despite being in the shadow of Nashville,” Shilkrot said. “Hurricane Creek is a proven asset within the community, with a strong neighborhood Publix and shops, which will continue to thrive along with the city’s significant growth trajectory.”

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.