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Big-Box Shopping Center in Tennessee Sells, Signaling Sustained Demand

Wicker Park Capital Sold Fully Leased Strip Mall in Cleveland, Tennessee
The Ross-anchored Cleveland Towne Center near Chattanooga, Tennessee, is located next to a Target store. (Chuck Carpenter/CoStar)
The Ross-anchored Cleveland Towne Center near Chattanooga, Tennessee, is located next to a Target store. (Chuck Carpenter/CoStar)
CoStar News
December 19, 2022 | 10:28 P.M.

A fully leased, Ross Dress for Less-anchored shopping center in Cleveland, Tennessee, sold for about $20 million, a sign that big-box retail centers can still attract investor interest.

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