REAL ESTATE

Hill Center Acklen mixed-use development announces tenants

BY Katherine Boccaccio

Nashville, Tenn. –H.G. Hill Realty Company announced a lineup of tenants at Hill Center Acklen, the Nashville mixed-use development that includes approximately 13,000 sq. ft. of street-level restaurant and retail located at 21st Avenue South and Acklen Avenue in Hillsboro Village.

New tenants at the near 100%-occupied project include Double Dogs bar and restaurant (4,184 sq. ft.); Revelator Coffee Company (1,451 sq. ft.); Jeni's Splendid Ice Creams (1,426 sq. ft.); Native + Nomad, a fashion, home décor and gift boutique (1,327 sq. ft.); Uncle Classic Barbershop (889 sq. ft.); and Pilates Garage (724 sq. ft.).

Designed in accordance with Hillsboro Village’s urban design overlay adopted in May 1999, Hill Center Acklen is the company's second project within the UDO area. Its first, which includes the Pancake Pantry, Hillsboro Village Apartments and adjoining retail center, served as the catalyst for the UDO creation and implementation. The company also developed the Harris Teeter property on 21st Avenue South, an integral part of the Hillsboro Village fabric.

"We are particularly pleased with Hill Center Acklen, which complements the design and quality of our similar developments including 12 South Flats, Hill Center Green Hills and those in progress in Sylvan Heights and Brentwood," said Jimmy Granbery, CEO of H.G. Hill Realty Company. "Hillsboro Village's unique energy, pedestrian friendly nature, and location led our line-up of local and regional businesses to invest in the area."

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REAL ESTATE

Mid-America arranges sale of Underwood Crossings

BY Katherine Boccaccio

Milwaukee — Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of a 4,991-sq.-ft. multi-tenant retail building within the Underwood Crossings development, a 175,000-sq.-ft. retail center located in Brookfield (Milwaukee MSA), Wisconsin. A private investor purchased the property for $1.7 million.

Underwood Crossings is located at the southeast corner of Bluemound Road and Columbia Drive approximately 12 miles west of downtown Milwaukee. The building features Starbucks, Great Clips, and T-Mobile, and is shadow anchored by Target, Trader Joe’s, and PNC Bank.

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REAL ESTATE

The Shopping Center Group expands to California

BY Katherine Boccaccio

Atlanta — The Shopping Center Group announced its continued expansion with the addition of a California brokerage team of industry veterans. The move across the Mississippi River marks the firm’s first foray into western United States. Located in Santa Barbara, the new office opened Dec. 1.

“The acquisition of this team is a big step in The Shopping Center Group’s pursuit of a national footprint," said chairman and Co-CEO David Birnbrey.

The California-based group is led by Mike Hieshima and Philip Kyle; Hieshima has represented Starbucks in its expansion since 1989 and Kyle is the top leasing agent in California’s central coast. Hieshima currently serves as Chairman of the Board and President of Chainlinks Retail Advisors, North America’s largest retail-only real estate services network.

“Mike and Phillip are well-known and well-respected in the western United States,” said Sam Latone, president and co-CEO, The Shopping Center Group. “They bring a high-profile client list and veteran competencies that complement our existing team that already covers the entire Eastern seaboard. As colleagues, we established a mutual respect a number of years ago that makes this partnership an opportunity to continue to validate on our commitment to servicing our clients coast to coast.”

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