TSCG MEMPHIS ANNOUNCES SALE OF MARKET AT CORDOVA SHOPPING CENTER & NEW VISION FOR 55,000 SF ANCHOR SPACE
TSCG announces the sale of the Market at Cordova Shopping Center in Cordova, TN, located at 1800 N. Germantown Parkway. John Reed and Hurston Reed of represented the sellers in the transaction, while Jon Isbell represented the buyers,N&L Holdings, a group of local business owners.
Anchor tenant since 2007, The Life Church, plans to vacate and migrate to other campuses which opens up space for the buyers’ new vision: an Asian supermarket, food hall, and community gathering spot called Grand Super Market. Grand Super Market will occupy the 55,000 SF anchor space out of the shopping center’s combined total SF of 98,466 SF.
“What I love about the new vision for this property is the buyers’ long-term perspective,” said Jon Isbell, Vice President at TSCG. “They certainly want to be part of the fabric of the immediately surrounding community, but their vision goes beyond Cordova to the entire Memphis Metropolitan area, to be a hub of Asian culture, dining, shopping, entertainment, and education, and this vision will have an impact for years and even decades to come.”
Memphis Business Journal Article: https://lnkd.in/gtkx9DGU
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