{"id":1004166462,"date":"2017-02-10T07:30:20","date_gmt":"2017-02-10T15:30:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004166462"},"modified":"2025-02-19T00:16:21","modified_gmt":"2025-02-19T08:16:21","slug":"hff-closes-sale-of-memphis-area-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-memphis-area-retail-center\/","title":{"rendered":"HFF Closes Sale of Memphis-Area Retail Center"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<p><strong>Southaven, Miss.<\/strong>\u2014 HFF closed the sale of Stateline Square, a fully-leased retail center located at 550 Stateline Road and 570 W. Main St. in the Memphis-area suburb of Southaven, Miss.<\/p>\n<p>HFF marketed the asset on behalf of the seller, Conn\u2019s HomePlus.\u00a0The investment sales team representing the seller was led by HFF&#8217;s Senior Managing Director Ryan West.<\/p>\n<div id=\"attachment_1004166463\" style=\"width: 380px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Stateline-Square.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004166463\" data-attachment-id=\"1004166463\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-memphis-area-retail-center\/stateline-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Stateline-Square.jpg\" data-orig-size=\"653,409\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;IvyLee Rosario&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1486652099&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Stateline Square\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Stateline Square&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Stateline-Square.jpg?w=653\" class=\"wp-image-1004166463 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Stateline-Square.jpg\" alt=\"Stateline Square\" width=\"370\" height=\"232\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Stateline-Square.jpg 653w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/02\/Stateline-Square.jpg?resize=300,188 300w\" sizes=\"auto, (max-width: 370px) 100vw, 370px\" \/><\/a><p id=\"caption-attachment-1004166463\" class=\"wp-caption-text\">Stateline Square<\/p><\/div>\n<p>The\u00a0219,914-square-foot property is home to\u00a0Conn\u2019s HomePlus, Burlington Coat Factory, Essex Bargain Hunt and Home D\u00e9cor and offers a 1.4-acre site for future outparcel development.\u00a0Stateline Square\u00a0was developed\u00a0in 1995 and renovated in 2007, with Conn\u2019s upgrades being completed in 2016. The center\u00a0is situated on the hard corner of Stateline Road and interstates 69 and 55, just over the border separating Mississippi from Tennessee in Memphis.<\/p>\n<p>\u201cStateline Square represented a great opportunity for the purchaser, already an owner in the trade area, to acquire a well-located asset with below-market rents and a vacant pad site to boot,\u201d said West in prepared remarks. \u201cThe property backs up to the Tennessee state line, so, while located in Mississippi, it also attracts customers from Tennessee and benefits from a diverse demographic trade area.\u201d<\/p>\n<p><em>Image courtesy of Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stateline Square was developed in 1995 and renovated in 2007 and 2016.<\/p>\n","protected":false},"author":746,"featured_media":1004166463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,13,21742,21749],"tags":[32792],"class_list":["post-1004166462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-midwest","category-latest","category-retail","tag-hff"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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