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Providence Commons Shopping Center Sells for $28.2M

TA Realty Acquires Publix-Anchored Retail Complex in Nashville Suburb
February 13, 2018
TA Realty, a Boston-based investment firm with 43.1 million square feet of commercial real estate assets, acquired the 110,137-square-foot Providence Commons shopping center in Mount Juliet, TN from Boyle Investment Co. for $28.2 million.

The transaction included excess land totaling more than seven acres for future development.

Providence Commons at 631 S. Mt. Juliet Rd. is anchored by Publix on a long-term lease. Additional tenants at the fully-leased, retail center include Precision Eye Care, Urgent Care, Subway, Anytime Fitness and Edible Arrangements.

TA Realty has retained Boyle, a Memphis-based regional developer and owner, to continue development, leasing and management efforts at the center.

Jim Hamilton and Richard Reid, senior managing directors at HFF, represented the seller.

Please see CoStar COMPS #4127851 for more information on this transaction.
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