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Maple Row Shopping Center Declares Victory

Victory Real Estate Investments Buys Hendersonville Retail Center for $8.1M in Second Purchase in Area
October 31, 2007
Victory Real Estate Investments LLC acquired the Maple Row Shopping Center in suburban Nashville from Nashville-based Burrus Family Trust for $8.1 million, or $52 per square foot. The deal included a two-acre outparcel.

The 155,000-square-foot shopping center is on about nine acres at 235-237 E. Main St. in Hendersonville, TN. It was built in 1976 and anchored by Big Lots and K-Mart, which have been at the property since the mid-1970s.

The NAI Nashville team of Jason Powell and Terry Smith represented the seller. Buyer representation was not disclosed.

This is Victory’s second sizeable purchase in Hendersonville. In June 2006, the firm acquired 43 acres on Indian Lake Road from Mathews Holdings for $11.5 million.

Please refer to CoStar COMPS #1420947 for more information on this transaction.

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