Biltmore Property Group, LLC (BPG) is pleased to announce two new acquisitions
to their real estate portfolio. The
Shops at Western Plaza is a 203,489 square foot center located at 4315 Kingston
Pike, Knoxville, TN. The shopping center
features well-known brands such as The Fresh Market, CVS, Jos. A. Bank, and
Tuesday Morning along with many well established local merchants and
restaurants.
BPG
also purchased Melrose Place, another upscale shopping center located at 5614
Kingston Pike in Knoxville. It is home
to Talbots, M.S. McClellan, and Sherwin Williams Decorating Center.
BPG
brings to the local community extensive industry experience in leasing,
management, and property development.
They will have a regional office at Melrose Place headed by Regional
General Manager, Morgan Bromley, who stated, “We are thrilled to acquire two
well known shopping centers in Knoxville and plan to make improvements, enhance
the tenant mix and continue to manage them as first class shopping centers for
years to come. We look forward to being
a part of Knoxville and its continued growth.
As
described in The Knoxville Metropulse: Western Plaza was built in the 1950’s
and was originally anchored by Kroger’s and Woolworth’s with a bowling alley on
a lower level. In the mid 1980’s, the shopping center was expanded to include
newly developed stores in an area now known as “The Shops at Western
Plaza”. What had once been a mere
shopping center became an upscale landmark.
Melrose
Place opened in 1987 with M.S. McClellan, a longtime Knoxville tradition for
upscale men and women’s clothing. Soon
to follow in 1988 was Talbot’s, which eventually expanded to include Talbot’s
Petites. The continued and successful presence of these two anchors and the
most recent addition of Sherwin-Williams Home Store is a testament to the shopping
center and its location.
Both
of these centers are strategically located in the Bearden Business District,
Knoxville’s premier destination for art, fashion, design and cuisine.
For
Leasing information, contact Curtis Williams with BPG at (828) 450-4253 or cwilliams@biltmorepropertygroup.com.
For
property management information, contact Morgan Bromley with BPG at (865)
279-0670 or mbromley@biltmorepropertygroup.com.
For
more information, please visit us at www.biltmorepropertygroup.com
No comments:
Post a Comment