(ICSC RECON is coming up and GlobeSt.com has a month of special coverage in the works. Don’t miss a bit of it. Click here for more information.)
KNOXVILLE, TN—Although investors are keen on grocery-anchored retail shopping centers, a deal in the Knoxville area shows that they are also interested in standalone grocery stores. A nearly two-year-old Food City grocery store has traded hands for $4.7 million in Morristown, a hub between Knoxville and the Tri-Cities.
Nancy Miller and Sheree Strome Berk both vice presidents of Bull Realty’s Net Lease Investment Group, represented the seller, Foodmor Associates LLC. Bull Realty broker Tom Kallenbach represented the buyer, B.B. & J. Holdings.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
