(PRWEB) June 23, 2014
Amstar today announced the sale of Southside at McEwen, a 95,000 square foot Whole Foods-anchored retail property located in Cool Springs, Tennessee.
Amstar, in partnership with Southern Land Company, developed Southside at McEwen in phases: the 45,000 square-foot Whole Foods Market and the adjacent BrickTop’s Restaurant opened during 2011, and the 40,000-square-foot in-line retail property opened in 2012. The retail center is currently 97% leased and hosts strong credit tenants including Whole Foods Market, Pei Wei, and LuLulemon, as well as BrickTop’s, a popular Nashville-based upscale restaurant. Amstar and Southern Land Company also developed the 175,000 square foot McEwen Office building which is adjacent to Southside at McEwen.
The Whole Foods Center is conveniently located within the 90-acre McEwen mixed-use, master-planned development and is one-half mile west of Interstate 65, which provides easy access to all points in Metro Nashville. Jim Hamilton of HFF represented the seller in this transaction.
”The Southside at McEwen grocery-anchored center fit Amstar’s strategy of developing high quality and well located properties in burgeoning markets, such as Nashville, and the high occupancy and roster of popular tenants is a testament to both.” said Amstar Senior Vice President Daniel Cohen.
Established in 1987 and headquartered in Denver, Colorado, Amstar is a real estate investment manager that acquires, develops and manages office, multifamily, retail, hotel and industrial properties in select U.S. and international markets. Originally formed to invest and manage the real estate allocation of a large family office client, Amstar began expanding its capital strategy nearly a decade ago and has grown to more than $2.5 billion in assets under management (as of March 31, 2014). Today, Amstar is proud to provide a high degree of focus and attention to its client relationships, counting among them leaders in the private and institutional investment community. Amstar’s clients originate from across the globe and include U.S. and European institutions, insurance companies, private banks, funds of funds, and other family offices. For more information, visit http://www.amstar.com.