Arrow Retail has sold the grocery-anchored Eastgate Shopping Center, which consists of 388,489 square feet of retail space and 66,354 square feet of office space, located in Memphis.
An affiliate of Gulf Coast Commercial Group acquired the asset for an undisclosed sales price.
Eastgate Shopping Center’s retail space is 95 percent occupied, and notable tenants include The Fresh Market, TJ Maxx, buy buy Baby, Dollar Tree, Ross, Burlington, Five Below, Michaels, Rack Room Shoes, Tuesday Morning, Plato’s Closet, DXL Men’s Apparel, Firestone, Firehouse Subs and Mellow Mushroom Pizza Bakers. Nearly 60 percent of the GLA has over 10 years of tenure. Additionally, the office space is 49 percent leased to a diverse mix of tenants.
Located at 835 S. White Station Rd., Eastgate Shopping Center is set between downtown Memphis and Germantown and proximate to numerous economic drivers, including several Fortune 500 and 1000 corporate headquarters. The e has access to a
