Fletcher Bright Co., of Chattanooga, TN is the seller and developer of the retail site.Barry Lazarus, Inland Retail's president, Lou Quilici, vice president of acquisitions and outside counsel Charles Benvenuto negotiated the transaction. Fletcher Bright represented his company in the talks.
The 27.9-acre Anderson Central center is fully leased. It is anchored by a 183,211-sf Super Wal-Mart. Other tenants include RadioShack, Dollar Tree, H&R Block, Sally Beauty Supply and a Blockbuster video store.
"We were attracted to the area because of its diverse background which includes business, industry and more than 200 manufacturing firms and seven colleges," Lazarus said in a written statement.
Inland Retail has bought more than 2.3 million sf of prime retail space this year and has more than two million sf of retail space in the Southeast under contract.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
