Dallas, TX (PRWEB) December 20, 2013
Cypress Equities announced today the acquisition of Colonial TownPark in Smyrna, Tenn., a suburb of Nashville. This transaction was acquired by a fund managed by Cypress’ real estate investment management group, which has acquired retail properties valuing more than $350 million in 2013.
Located on the northeast corner of Interstate 24 and Industrial Blvd, Colonial TownPark encompasses 450,000 square feet of retail space. The regional power center opened in 2008 and presently houses more than 25 retailers. The shopping center features well-known brand names including Petsmart, Ross Dress for Less, Staples, Target Super Center and Kohl’s.
“Colonial TownPark is a strong addition to our portfolio of retail properties,” states Todd Minnis, managing partner and CIO of the real estate investment management division of Cypress Equities, which oversaw the transaction. “The property occupies an unparalleled location in the trade area with a lineup of some of the best retailers in the country.”
Pierce Mayson, Kyle Stonis, Scott Tiernan and Ray Uttenhove, of SRS Real Estate Partners, represented Cypress in the transaction.
About Cypress Equities
Cypress Equities* (Cypress) was founded in 1995 and has since established a national reputation synonymous with the premier development, operation and management of destination-class retail and mixed-use properties throughout the U.S. Historically, Cypress has developed and acquired more than 14 million square feet and currently is developing and managing a portfolio of more than 8.5 million square feet of retail, office, residential and automotive real estate. Today, there are five Cypress Equities offices throughout the U.S., including Dallas (headquarters), New York, San Francisco, Atlanta and Fort Lauderdale. Visit http://www.cypressequities.com for more information.
*The Cypress Equities name, logo and other marks are trademarks and service marks being licensed to independent operating companies by CE Brands, LLC. Any particular obligation, service or product is the sole responsibility of the specific entity that incurs such obligation or supplies such service or product.