Prudent Growth Partners has acquired the Granwood Village shopping mall located in Old Hickory, Tennessee. The purchase price was $3.9 million.
CHAPEL HILL, N.C. (PRWEB) SEPTEMBER 03, 2021
Prudent Growth Partners, LLC, a Chapel Hill, NC based private equity real estate firm, has completed its $3.9 million acquisition of the Granwood Village shopping center, located at 4331 Old Hickory Blvd, Old Hickory, TN.
Built in 1999, the property is anchored by the popular Urban Air entertainment business, and also has a set of internet-resistant tenants including Bradshaw Chiropractic, Cordell Insurance, United Martial Concepts and Care Dry Cleaners.
The Property benefits from its location in a growing and affluent suburb of Nashville, TN, and is surrounded by neighborhoods and residential housing. Sharing its parking lot is a high-traffic Speedway gas station with a Speedy Café.
“We are pumped to be entering the Nashville market,” said Tom Hahn, President of Prudent Growth Partners. “The Urban Air brand is a great anchor for us and drives a ton of foot traffic to the center.”
This is the fifth acquisition for Prudent Growth in as many weeks.
Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and which provide exceptional returns on invested capital along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.