Prudent Growth Purchases Hamilton Crossing in Tennessee

Prudent Growth Purchases Hamilton Crossing in Tennessee

Prudent Growth Partners, LLC, a private equity real estate firm based in Chapel Hill and Charlotte, NC, has completed its $3.55 million acquisition of Hamilton Crossing, a 21,181-square-foot shopping center located in Murfreesboro, Tennessee.

The property's prime location within a thriving retail area makes it a great addition to the Prudent Growth portfolio. Hamilton Crossing represents an opportunity to own a retail asset in the Nashville metropolitan area, with 92% occupancy offering staggered lease expirations and including a healthy mix of lifestyle businesses and service providers. The center has been well maintained, and no significant deferred maintenance needs exist.

Hamilton Crossing is strategically positioned on NW Broad Street, one of the heaviest retail pockets in Murfreesboro, which is the county seat of Rutherford County and the 6th largest city in Tennessee. This high-traffic road is surrounded by countless local and national credit retailers, including Kroger, Hertz, Dollar Tree, Big Lots, Sky Zone, Crunch Fitness, Taco Bell, Children's Hospital at Vanderbilt, Sherwin Williams, Aaron's Rental, Salon Suites, Starbrite Car Wash, and others. ​

"We are thrilled to add Hamilton Crossing to our growing portfolio. This vibrant retail center is perfectly positioned in one of the fastest-growing markets in the region, and we see tremendous opportunity to build upon its strong foundation. We look forward to the performance of this property and hope to enhance the shopping experience, foster relationships with our tenants, and ensure the center remains a thriving destination for the community," said Tom Hahn, President of Prudent Growth Partners, LLC.

Prudent Growth Partners, LLC is a private equity real estate investment company based in Chapel Hill, NC. The firm focuses on properties that tend to be overlooked by larger institutions and provide exceptional returns on invested capital, along with the possibility of longer-term capital gains achieved by expert management and future price appreciation.