Matthews™ Executes Sale of Mississippi’s Top Kroger Location

COLUMBUS, MS—Matthews™, a commercial real estate investment services and technology firm, completed the sale of a tier one grocery asset located at 1829 Highway 45 North in Columbus, Mississippi. Matthews™ Senior Vice Presidents Kyle Stonis and Pierce Mayson and Associate Vice President Boris Shilkrot represented the seller, MS Columbus 45, LLC, in the transaction.

The Kroger is situated within the heart of Columbus’ retail corridor, benefiting from 31,200 vehicles per day along US-45. The Kroger ground lease parcel is occupied by the state’s #1 grocer, which committed to an early lease extension through 2041 with plans for expansion.

MS Columbus 45, LLC, a longstanding client, elected to bring the 76,269-square-foot asset to market as part of a capital recycling strategy. Leveraging their deep market knowledge and an extensive network of both public and private investors, the Matthews™ agents recognized that the property’s two distinct parcels, a stabilized ground-leased Kroger and a value-add shop component, would appeal to fundamentally different buyer profiles. Facilitating a creative breakup of the asset, Matthews™ secured a publicly traded institution for the Kroger-anchored portion, while the adjacent inline shops are currently under agreement with a private buyer.

“This was a great result for the Seller group and an excellent fit for the publicly traded Buyer,” Stonis said. “Given the recent scarcity of tier 1 grocery products available in the Southeast, proven Kroger assets like this one continue to command significant interest in the marketplace.”

For more information, please contact Kyle Stonis, Pierce Mayson, and Boris Shilkrot or visit www.matthews.com.

About Matthews™

Matthews™, 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 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.