REBusinessOnline

Cobalt Buys 134,818 SF Retail Center in Nashville for $16.3M

Jackson Downs in Nashville, Tenn., was fully leased at the time of sale to tenants such as Marshalls, OfficeMax, Target and Kohl’s.

NASHVILLE, TENN. — Cobalt Real Estate Solutions LLC has acquired Jackson Downs, a 134,818-square-foot shopping center in Nashville, for $16.3 million. Viking Partners sold the asset, and Integrated Realty Advisors arranged acquisition financing through ORIX RE Holdings LLC. Marshalls and OfficeMax anchor the property, and Target and Kohl’s are shadow-anchors. At the time of sale, Jackson Downs was fully occupied. Divaris Real Estate and Divaris Property Management Corp. have been retained to oversee leasing and management of the property, with support from Colliers International.

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