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Atlanta & Southeast  + Southeast  + Retail  | 
Franklin Street has arranged the sale of Village at RiverGate, a 64,106-square-foot retail shopping center in Madison, TN, for $8.1 million

Franklin Street Arranges $8.1M Sale of Regional Shopping Center for Hendon Properties in Suburban Nashville

Franklin Street has arranged the sale of Village at RiverGate, a 64,106-square-foot retail shopping center in Madison, TN, for $8.1 million. The property is shadow-anchored by Target.

Franklin Street’s Atlanta-based Retail Investment Sales Team of John Tennant and Bryan Belk represented the seller, Atlanta-based Hendon Properties. The buyer was a local private investor.

“We are pleased to deliver successful execution in a challenging capital markets environment, as interest rates were raised several times during our transaction, coupled with the ongoing credit crunch on regional banks which occurred during our due diligence period,” said Tennant.

Built in 1981, the property recently underwent renovations including upgraded façade and storefront improvements. 

Situated on 6.56 acres at 2056 Gallatin Pike N., Village at RiverGate benefits from the main retail corridor of Highway 31, which sees an average daily traffic count of over 30,580 vehicles and attracts 1.2 million visits annually.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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