MADISON, TENNESSEE – Albanese Cormier Holdings expands its Tennessee portfolio with the successful acquisition of Rivergate Square, located in Madison, Tennessee, located on Gallatin Pike (U.S. 31-A) and Altus Avenue. The previous national REIT Phillips Edison & Company property was purchased at an undisclosed amount with the assistance of Eric Wohl of Hanley Investment Group, who represented the buyer.
Rivergate Square, a 82,088 square foot shopping center, is a Home Depot shadow anchored property with a diverse, national tenant mix. Major tenants include Office Depot, Jimmy John’s Gourmet Sandwiches, Dollar General and Outback Steakhouse located on an outparcel.
As part of the Rivergate Mall Area, anchored by Dillard’s, JCPenney and Sears, Rivergate Square benefits from high traffic counts and easy accessibility.
Rivergate Square joins Albanese Cormier Holdings’ Tennessee portfolio as asset number two, next to North Plaza Shopping Center in Covington, Tennessee.
ALBANESE CORMIER HOLDINGS
Albanese Cormier Holdings is a commercial real estate development company currently holding more than 3 million square feet of strategically placed assets throughout Texas, Louisiana, Mississippi, Arkansas, Missouri, Tennessee, Kentucky, Kansas, New Mexico, Illinois, Georgia, Virginia and Florida. For more information about our company or on any other property within the ACH portfolio, please visit www.AlbaneseCormier.com or contact the main office at (409) 892-0200.