Franklin Road Brokers $14M Sale of Chattanooga Shopping Mall

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Franklin Road has set up the $14 million sale of Northtowne Centre, a 257,744-square-foot regional shopping facility in Chattanooga.

At the time of sale, the residential property was 96% inhabited by a tenant roster that includes Leisure activity Entrance hall, Ashley HomeStore Electrical Outlet, American Products & & Bed Mattress, Staples, Dollar Tree, Stockdale’s and Terrific Clips. The residential or commercial property also includes outparcels for Waffle Residence, McDonald’s as well as Firestone Total Vehicle Treatment, which were not included in the deal but supply added traffic for the shopping mall.

John Tennant as well as Bryan Belk of the Franklin Road’s Atlanta Retail Financial investment Sales Group represented the private vendor in the purchase. A South Florida-based industrial property financial investment company obtained the residential or commercial property.

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