{"id":1004642926,"date":"2023-02-06T05:58:01","date_gmt":"2023-02-06T13:58:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004642926"},"modified":"2023-02-07T06:13:33","modified_gmt":"2023-02-07T14:13:33","slug":"phillips-edison-co-acquires-nashville-retail-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/","title":{"rendered":"Phillips Edison & Co. Acquires Nashville Retail Center"},"content":{"rendered":"
\"\"<\/a>

Providence Commons. Image courtesy of Phillips Edison & Co.<\/em><\/p><\/div>\n

Phillips Edison & Co.<\/strong> has purchased Providence Commons, a 110,137-square-foot retail center in Mt. Juliet, Tenn. TA Realty<\/strong> was the seller, according to CommercialEdge data. A JLL<\/strong> Capital Markets<\/strong> team brokered the transaction.<\/p>\n

The property previously traded in 2018, for $28.2 million, when it was sold by Boyle Investment Co., the same source shows.<\/p>\n

Providence Commons comprises four buildings on a 23.1-acre site. The sale included an additional 7.2 acres of undeveloped land adjacent to the property. Its zoning allows for retail, office or hospitality development.<\/p>\n

The retail center was 100 percent leased at the time of sale, anchored by Publix. <\/strong>Other tenants include Starbucks, Pizza Hut, Anytime Fitness, Precision Eye Care, Papa Johns and Subway.<\/p>\n

Providence Commons is located at 631 S. Mt. Juliet Road, 2 miles south of the intersection of Interstate 40 and Route 171. According to JLL, Mt. Juliet is one of the fastest growing submarkets in the Nashville Metropolitan Area, with 84 percent population growth since 2010.<\/p>\n

JLL Capital Markets worked on behalf of the seller. The team comprised Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Associate Andrew Michols.<\/p>\n

At the end of last year, JLL Capital Markets also brokered the $20 million sale of a 148,203-square-foot retail center<\/a> in Chattanooga, Tenn., working on behalf of Wicker Park Capital Management.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal includes an adjacent parcel for potential development.<\/p>\n","protected":false},"author":3014,"featured_media":1004642927,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,36077,21742,21749],"tags":[33214,44006,33063,32822],"class_list":["post-1004642926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-nashville-knoxville","category-latest","category-retail","tag-boyle-investment-company","tag-jll-capital-markets","tag-phillips-edison-company","tag-ta-realty"],"acf":[],"yoast_head":"\nPhillips Edison & Co. Acquires Nashville Retail Center - CPE<\/title>\n<meta name=\"description\" content=\"Phillips Edison & Co. has acquired Providence Commons, a 110,137-square-foot retail center in Mt. Juliet, Tenn.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phillips Edison & Co. Acquires Nashville Retail Center\" \/>\n<meta property=\"og:description\" content=\"Phillips Edison & Co. has acquired Providence Commons, a 110,137-square-foot retail center in Mt. Juliet, Tenn.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-06T13:58:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-07T14:13:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/\",\"name\":\"Phillips Edison & Co. Acquires Nashville Retail Center - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png\",\"datePublished\":\"2023-02-06T13:58:01+00:00\",\"dateModified\":\"2023-02-07T14:13:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"Phillips Edison & Co. has acquired Providence Commons, a 110,137-square-foot retail center in Mt. Juliet, Tenn.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png\",\"width\":640,\"height\":480,\"caption\":\"Providence Commons. Image courtesy of Phillips Edison & Co.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Phillips Edison & Co. Acquires Nashville Retail Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Phillips Edison & Co. Acquires Nashville Retail Center - CPE","description":"Phillips Edison & Co. has acquired Providence Commons, a 110,137-square-foot retail center in Mt. Juliet, Tenn.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/","og_locale":"en_US","og_type":"article","og_title":"Phillips Edison & Co. Acquires Nashville Retail Center","og_description":"Phillips Edison & Co. has acquired Providence Commons, a 110,137-square-foot retail center in Mt. Juliet, Tenn.","og_url":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-02-06T13:58:01+00:00","article_modified_time":"2023-02-07T14:13:33+00:00","og_image":[{"width":640,"height":480,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png","type":"image\/png"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/","url":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/","name":"Phillips Edison & Co. Acquires Nashville Retail Center - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png","datePublished":"2023-02-06T13:58:01+00:00","dateModified":"2023-02-07T14:13:33+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"Phillips Edison & Co. has acquired Providence Commons, a 110,137-square-foot retail center in Mt. Juliet, Tenn.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png","width":640,"height":480,"caption":"Providence Commons. Image courtesy of Phillips Edison & Co."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/phillips-edison-co-acquires-nashville-retail-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Phillips Edison & Co. Acquires Nashville Retail Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Providence-Commons.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004642926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004642926"}],"version-history":[{"count":14,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004642926\/revisions"}],"predecessor-version":[{"id":1004644269,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004642926\/revisions\/1004644269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004642927"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004642926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004642926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004642926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}