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Atlanta & Southeast  + Southeast  + Retail  |  June 22, 2021
David Cohen
By: David Cohen

Nashville Retail Center Trades for $5M

Stan Johnson Co. has arranged the $4.6 million sale of an 18,900-square-foot shopping center located at 1020 North Main Street in Shelbyville, TN.

The shopping center was built in 2018 and is situated on nearly three acres along a dense retail corridor. Shelbyville Square was fully leased at the time of sale to eight tenants including Petsense and Pizza Hut. Neighboring tenants include Kroger, Walmart, Lowe’s and Walgreens.

Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the 1031 exchange buyer, a private investor from Dacula, GA. The seller was Sofran Partners, an Atlanta-based developer.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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