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KINGSPORT, TENN. — Marcus & Millichap has arranged the sale of Shoppes at East Stone, a 23,876-square-foot retail center located at 2637 E. Stone Drive in Kingsport, a city near the Tennessee-Virginia border. Built in 2011, Shoppes at East Stone was 95 percent leased at the time of sale to tenants including Jersey Mike’s Subs, Stanton Optical, East Coast Wings + Grill, Lendmark Financial Services, Lumber Liquidators and Polish Nail Bar. Target shadow-anchors the center.
Michael Early of Marcus & Millichap represented the seller, a Maryland-based family office, in the transaction. Jody McKibben was Marcus & Millichap’s broker of record in Tennessee. The sales price and buyer were not disclosed.