The Avenue in Murfreesboro has been SOLD. The 747,497-square-foot shopping center was sold by Faison & Associates and Cousin Properties, Inc. to Hines Securities and Investments based in Houston, Texas. The Avenue was first opened in 2007 and is currently 89 percent leased.
The Hines company also purchased a similar shopping complex in Jacksonville, FL. Hines Global REIT Managing Director Kenton McKeehan said, “These projects provide an opportunity to take advantage of two of the strongest growth markets in the U.S. with a stabilized group of anchor tenants in strong, well-built retail developments.”
George Lancaster, Sr. VP of Communications with Hines Global REIT
For more on this story, please visit: http://www.hines.com/press/releases/8132013.aspx