JV Closes This Yr’s Largest Outside Retail Deal

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Aerial view of outdoor shopping retail center

NASHVILLE, TN – Equity Street Capital and Big V Property Group closed the country's largest ever deal for outdoor shopping centers this year. The partnership acquired the 843,248-square-foot energy center The Avenue Murfreesboro, outside Nashville, TN, for $ 141.3 million.

The mall was acquired as part of an off-market deal and now serves as the largest mall per square foot for deals this year.

The property sits on 96 acres of land in Murfreesboro, TN and consists of six multi-tenant buildings, eight detached outbuildings, and five vacant pads.

The mall has well-known retail brands as tenants such as Best Buy, Dick & # 39; s Sporting Goods, Belk, H&M and Petco.

The transaction is Equity Street Capital's 30th commercial real estate acquisition.

"The Equity Street Capital team is excited to acquire this property with our partners as it is truly unique," said Than Merrill, co-founder of Equity Street Capital and FortuneBuilders.

Murfreesboro Avenue in Murfreesboro, TN.

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