{"id":1004177959,"date":"2017-05-25T14:23:44","date_gmt":"2017-05-25T22:23:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004177959"},"modified":"2022-12-08T17:45:27","modified_gmt":"2022-12-09T01:45:27","slug":"tei-goes-shopping-in-tenn","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tei-goes-shopping-in-tenn\/","title":{"rendered":"TEI Goes Shopping in Tenn."},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004177965\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004177965\" data-attachment-id=\"1004177965\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tei-goes-shopping-in-tenn\/college-square-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg\" data-orig-size=\"2048,1365\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"college square 2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg?w=1024\" class=\"wp-image-1004177965 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg\" alt=\"The College Square Mall in Morristown, Tenn. \" width=\"300\" height=\"200\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg?resize=1024,683 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/college-square-2.jpg?resize=1536,1024 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004177965\" class=\"wp-caption-text\">The College Square Mall in Morristown, Tenn.<\/p><\/div>\n<p>Time Equities Inc. purchased two enclosed regional malls in Tennessee for a total of $53.5 million. CBL &amp; Associates Properties Inc., a Chattanooga-based <a href=\"https:\/\/www.commercialsearch.com\/news\/horizon-sells-oklahoma-city-mall-for-130m\/\">real estate firm<\/a>, sold both the College Square Mall and the Foothills Mall. At approximately 700,000 square feet combined, TEI\u2019s latest acquisitions mark the firm\u2019s largest purchases in the state to date. NGKF\u2019s Thomas Dobrowski represented the seller in this transaction, while Ami Ziff, Jonathan Kim and Adam Levitt represented Time Equities in-house.<\/p>\n<p><em>\u201cThese two assets were a natural fit for our growing portfolio of enclosed malls given their stable anchors, increasing tenant sales, tremendous leasing momentum and growth potential,\u201d<\/em> said TEI Director of National Retail Ami Ziff, in a prepared statement.<\/p>\n<h2>College Square Mall<\/h2>\n<p>Located at 2550 East Morris Blvd. in Morristown, Tenn., College Square Mall is five miles west of Interstate 81 at the intersection of Morris Boulevard and US-25E. The shopping center is currently 96 percent occupied. Tenants include Belk, Dick\u2019s Sporting Goods, Carmike Cinemas, T.J. Maxx, Planet Fitness, Shoe Dept. Encore, Hibbett Sporting Goods, Ulta Beauty, Longhorn Steakhouse, Bath &amp; Body Works and Kay Jewelers. Walmart SuperCenter, Hobby Lobby, Ross Dress for Less and OfficeMax are among the mall\u2019s neighboring retailers.<\/p>\n<h2><strong>Foothills Mall <\/strong><\/h2>\n<div id=\"attachment_1004177966\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/foothills-mall.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004177966\" data-attachment-id=\"1004177966\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tei-goes-shopping-in-tenn\/foothills-mall\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/foothills-mall.jpg\" data-orig-size=\"956,774\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&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=\"foothills mall\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/foothills-mall.jpg?w=956\" class=\"wp-image-1004177966 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/foothills-mall.jpg\" alt=\"The Foothills Mall in Maryville, Tenn.\" width=\"300\" height=\"243\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/foothills-mall.jpg 956w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/foothills-mall.jpg?resize=300,243 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/foothills-mall.jpg?resize=768,622 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004177966\" class=\"wp-caption-text\">The Foothills Mall in Maryville, Tenn.<\/p><\/div>\n<p>Situated at 197 Foothills Mall Drive in Maryville, Tenn., Foothills Mall services a trade area population of approximately 120,000 people within a 10-mile radius. Boasting a 90 percent occupancy rate, current tenants include JCPenney, T.J. Maxx, Carmike Cinemas, Shoe Dept. Encore, American Eagle, Bath &amp; Body Works, Finish Line, Kay Jewelers and Chick-Fil-A. Kroger Marketplace, Target and Home Depot are the shopping center\u2019s neighboring retailers.<\/p>\n<p>Both properties will undergo capital improvements. New tenants will also be added to the malls\u2019 current retail mix, with leasing managed by Urban Retail Properties LLC. College Square Mall and Foothills Mall are TEI\u2019s largest and second-largest retail assets in the state, with additional holdings in Memphis, Nashville, Bristol and Bartlett, Tenn.<\/p>\n<p><em>Images courtesy of College Square Mall and Foothills Mall via Facebook <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spanning more than 700,000 square feet in total, Time Equities Inc. expanded its southeastern retail footprint with the $53.5 million acquisition of College Square Mall and Foothills Mall. <\/p>\n","protected":false},"author":238,"featured_media":1004177965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,36077,21742,21749],"tags":[33275,32845,35724],"class_list":["post-1004177959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-nashville-knoxville","category-latest","category-retail","tag-cbl-associates-properties-inc","tag-ngkf","tag-time-equities-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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