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Nuveen Offloads 92K-SF Franklin Retail Center
Nuveen traded the Southside at McEwen, a 92,470-square-foot Whole Foods-anchored retail center at 1554 W McEwen Drive in Franklin, Tennessee.
JLL represented Nuveen, in the transaction. Lincoln Property Company served as investment advisor to the buyer, a high net-worth family office.
Built in 2012 and situated on 10.5 acres, Southside at McEwen is 100% leased and anchored by the 45,047-square-foot Whole Foods Market that ranks as the most visited location in Tennessee and among the top-performing stores nationally. In-line shop tenants average more than $800 per square foot in sales. The center’s tenant lineup includes Lululemon, Flower Child, Solidcore, Bricktop’s, Kendra Scott, Fab’rik and PNC Bank. Multiple shop tenants are paying substantially below current market rates.
The JLL Capital Markets team was led by Jim Hamilton, Brad Buchanan and John Perry Hilton.
- ◦Sale/Acquisition
