YALE REALTY CORP. ANNOUNCES THE ACQUISITION OF HAMPTON PLAZA


CLARKSVILLE, TN - NOVEMBER 9th, 2017 - Yale Realty Services Corp., a privately held real estate investment firm that specializes in open air shopping centers, is pleased to announce the acquisition of Hampton Plaza in Clarksville, TN. Hampton Plaza is a 124,260 square foot shopping center shadow-anchored by Kohl’s. Notable tenants include Michaels, Party City, Ulta, Kirklands, Books-A-Million, CATO, Mattress Firm, Lane Bryant, Its Fashion and Sally Beauty.

Located in Clarksville, Tennessee (Montgomery County), Hampton Plaza is forty miles north of downtown Nash-ville and less than 1/2 mile south of the I-24 (47,100 VPD) intersection. It is Clarksville’s dominant shopping center due to its superior location (north side of Wilma Rudolph Blvd - 34,982 VPD) within the Clarksville submarket. Excluding Nashville to the southwest, there is not another comparable retail corridor within a 50-mile radius. A re-port released from 24/7 Wall Street ranked the city of Clarksville 19th in the nation for fastest job growth in 2016.

Hampton Plaza is the company's first acquisition in the state of Tennessee as it continues to focus on acquiring high quality shopping centers in growing secondary markets. According to Luke Gorz, Yale Realty’s Executive Vice President, “We are excited to announce our recent acquisition of Hampton Plaza which is located in one of the fastest growing counties nationwide. In addition to the quality of the center and our tenants, we are excited to invest in Clarksville due to its recent and continued projected increase in jobs per capita, as reflected by the $1.6 billion of investments made by Google, LG, and Hankook Tires – all located within a short drive from our shopping center.”

Based in Westchester County, NY, the firm owns and operates a portfolio of high yield retail properties in the south eastern United States. For more information, please visit our website at www.YaleRealtyServices.com.

For leasing inquiries, please contact Paul Monaco, Director of Leasing, 914.289.0100, pmonaco@yalerealtyservices.com

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