REBusinessOnline

Sembler, Forge Acquire Kroger-Anchored Shopping Center in Memphis for $13M

Kroger anchors Summer Center, a 136,425-square-foot shopping center in Memphis, Tenn.

MEMPHIS, TENN. — The Sembler Co. and Forge Capital Partners have acquired Summer Center, a shopping center located at 4304 Summer Ave. in Memphis, for $13 million. The 136,425-square-foot center was 89 percent leased at the time of sale to tenants such as Kroger, Ross Dress for Less, Rainbow, Hibbett Sports and H&R Block. Jim Hamilton, Brad Buchanan, Michael Allison and Ryan Stoffer of HFF arranged the transaction on behalf of the seller, BDB Summer Center LLC.

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