Yale Realty Services Corp -

Recent Transactions

 

The Marketplace at Smyrna

803 Industrial Blvd

Smyrna, TN 37167

 

Overview

Acquired: December 2018

GLA: 161,133 SF

Year Built: 2008

Traffic Count:  

115,845 vehicles travel past the Property

each day on I-24 and 37,087 on Sam

Ridley Parkway

 

Highlights

The property is a part of the Marketplace at Smyrna, a multi-anchor and mixed use shopping center located in Smyrna, TN.  The property is "shadow anchored" by both a Super Target and KOHL's and notable tenants include Ross Dress for Less, PetSmart, Dollar Tree, ULTA, Staples, Shoe Show, Kirkland's and Burger King. Originally developed in 2008, this high quality regional power center totals 158,333 sqft and includes 0.53 acres of land as a potential future outparcel development. Marketplace at Smyrna has a highly visible and easily accessible location at the northeast corner of I-24 and Sam Ridley Parkway. Located along the primary thoroughfares in the extended region, the Property benefits from excellent exposure to more than 152,000 vehicles per day. The Property’s location, southeast of Nashville, combined with its strategic retailer lineup, generates an expanded trade area for the Property. Part of a Planned Unit Development (PUD), the Marketplace at Smyrna serves as the main entrance for “Grand Oak at Town Park”, a garden-style community offering 300 luxury apartment residences with walkable access to a wide array of shopping and dining options.

Acquisition

An affiliate of Yale Realty acquired The Marketplace at Smyrna in December 2018 for a total cost of approximately $28.8M, with approximately $20.5M in debt provided by UBS and approximately $7.8M in equity.  

 

Leasing Contact: Paul Monaco | 914.289.0100 | pmonaco@yalerealtyservices.com

 

 

Hampton Plaza

2864 Wilma Rudolph Blvd

Clarksville, TN 37040

 

Overview

Acquired: November 2017

GLA: 124,260 SF

Year Built: 1986 / 2006 / 2016

Traffic Count:  

34,982 vehicles travel past the Property each

day on Wilma Rudolph Blvd

 

Highlights

The Property is a part of Hampton Plaza, a multi-anchor shopping center located in Clarksville, TN. It is anchored by Michael’s, Books-A-Million, Party City, Ulta Beauty and Kirkland’s, and is “shadow anchored” by Kohl's. Clarksville, the county seat of Montgomery County, is located 45 minutes northwest of downtown Nashville (via I-24) and has the fifth largest population in the state of Tennessee. Hampton Plaza is located on the north side of Wilma Rudolph Blvd less than 1/2 mile south of the I-24 (47,100 VPD) intersection. With a traffic count of 34,982 VPD, Wilma Rudolph Blvd is one of the busiest exits along I-24. Within a 3-mile radius, the population has grown from 12,866 people in 2000 to a current population of 30,670 in 2017. The 5-mile radius population has grown from 31,069 people in 2000 to its current population of 65,425 in 2017. The average household income for a 3 and 5-mile radius is $66,598 and $68,366 respectively.

 

Acquisition

An affiliate of Yale Realty acquired Hampton Plaza in November 2017 for a total cost of approximately $18.1M, with approximately $13.1M in debt provided by Barclays Bank and approximately $5M in equity.  

 

Leasing Contact: Paul Monaco | 914.289.0100 | pmonaco@yalerealtyservices.com

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SMALL TITLE

YALE REALTY SERVICES CORP.      10 NEW KING STREET, SUITE 102, WHITE PLAINS, NY 10604       T: 914.289.0100       F: 914.289.0101