Sale showcases the firm’s continued success and strength in the Southeast retail market

GREENEVILLE, TN — Matthews™, a commercial real estate investment services and technology firm, announces the successful sale of Greeneville Commons, a 224,139 square foot community shopping center located in Greeneville, Tennessee. Matthews™ Senior Vice Presidents Kyle Stonis and Pierce Mayson and Associate Vice President Boris Shilkrot facilitated the transaction on behalf of the institutional seller, a repeat client. The buyer, an affiliate of Hackney Real Estate Partners, was sourced directly by Matthews™.

 

Widely recognized as the regional retail center of gravity for Greeneville and many surrounding communities in Northeast Tennessee, Greeneville Commons is a best-in-market asset boasting a “who’s who” roster of national credit anchors. The property has experienced significant momentum since 2019, with the recent addition of 11 new tenants totaling 129,223 square feet, further strengthening its appeal and consumer draw. The center is currently over 90 percent leased to national retailers, providing investors with long-term stability and performance. Thriving and expanding anchors such as Ross, Hobby Lobby, Five Below, and Marshalls headline the center, supported by a complementary mix of national tenants including Bath & Body Works, Workout Anytime, Xfinity, GNC, and Rack Room Shoes.

 

The buyer identified Greeneville Commons as an excellent fit for its fund and a strategic long-term investment within a growing Tennessee market. With a strategy centered on sustained growth, Hackney Real Estate Partners aims to further solidify Greeneville Commons as a premier retail hub.

 

“We are thrilled to get another transaction completed between two of our favorite parties on either side of the deal,” said Pierce Mayson. “Greeneville Commons is a best-in-region shopping destination and a great fit for the buyer, who will continue to strengthen the property, building on momentum established by the Seller over the last several years.”

 

The sale of Greeneville Commons highlights Matthews™ ability to provide clients with seamless execution, direct buyer sourcing, and a tailored process that creates long-term value for both sellers and buyers. This transaction represents the second retail center in just two months that Matthews™ has successfully sold for the same institutional seller, underscoring the firm’s ability to deliver repeat execution and client success.

 

For more information, or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.