Miami, Florida: February 2019 – Gideon Gratsiani and CRE-Pro, LLC, a Boutique Commercial Real Estate Investment Firm specializing in Ownership, Acquisition, and Redevelopment of shopping centers, office buildings, and multi-family residential facilities acquired The Arlington Shops in Arlington, Tennessee. The Property was foreclosed on in November of 2018.
The Arlington Shops is a 15,775 square foot, high-quality, grocery anchored retail shopping center in the heart of Arlington, TN, the fastest growing community in the Memphis area and the 3rd fastest in the state of Tennessee. It has a diverse mix of tenants including UPS, Subway, Pizza Hut, Goodwill, Crave Coffee and El Mezcal Restaurants.
The Arlington Shops was opened in 2005. It benefits from the Kroger Grocery store as an anchor for the center.
Located in the Northeast submarket, the property enjoys frontage along Highway 70 as well as Airline Road, with convenient access to Interstate 40, Highway 385, Arlington High School and neighboring communities