Holliday Fenoglio Fowler, L.P. (HFF) announces the $28.2 million sale of Providence Commons, a 110,137-square-foot, Publix-anchored retail center in the Nashville suburb of Mount Juliet, Tennessee.
The HFF team marketed the property on behalf of the seller, Boyle Investment Company. Boyle will continue to provide development, leasing and management services for the property.
Providence Commons is located at 631 S. Mt. Juliet Road in the fast-growing Mount Juliet submarket of Nashville. The 100-percent-leased property is passed by more than 20,000 cars per day and includes a future development site totaling approximately seven acres. In addition to Publix, tenants include Tuesday Morning, Anytime Fitness, Pizza Hut, Subway, Edible Arrangements, Moe’s Southwest Grill, Salons by JC, Precision Eye Care and a Postal Annex. More than 20,061 residents earning an average household income of $86,666 live within a three-mile radius of Providence Commons with approximately 10 percent population growth projected by 2022.
The HFF investment advisory team representing the seller included senior managing directors Jim Hamilton and Richard Reid.
About Boyle Investment Company
Founded in 1933, Boyle Investment Company offers extensive development, sales, leasing and property management capabilities, including the development of office, retail, residential and mixed-use properties. Boyle provides premier locations, innovative design and long-range planning. Boyle is a master at developing stimulating environments that endure the test of time. The company’s reputation for quality has been achieved through great attention to detail and service. Learn more at http://www.boyle.com/.
About HFF
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visithfflp.com or follow HFF on Twitter @HFF.
