Branch Properties Expands Portfolio to Chattanooga, TN

Branch Waterside Color Site Plan 02-16-2017(web)

The Village of Waterside retail center to be anchored by REI and Publix

ATLANTA– Branch Properties of Atlanta announced today the purchase of 22.8 acres in the Hamilton Mill submarket of Chattanooga, TN. The shopping center, a project of Branch Properties and DeFoor Development, will be developed into a 162,000 SQ FT retail center at the intersection of Shallowford Road and Gunbarrel Road. Slated to open late Summer 2018, the center will be anchored by REI and Publix Super Markets among other national tenants.

Branch Properties, a private real estate investment firm, focuses on high-quality shopping centers in the southeastern United States, and the project fits in well with Branch’s on-going growth strategy. In addition, the project should serve the Chattanooga community well.

“We are thrilled to bring new and exciting tenants to Chattanooga. REI is an outdoor co-op that invests in local communities and we know residents in the Chattanooga market and sub-markets will enjoy their gear and inspiration. Publix, known for its quality and excellent customer service, will be a great addition to the area,” says Jesse Shannon, Chief Investment Officer of Branch Properties.

REI (Recreational Equipment, Inc.) is the nation’s largest consumer co-op and provides high quality outdoor gear and experiences. REI is new to the Chattanooga market and will help the local outdoor community continue to grow and embrace an active, outdoor lifestyle. In addition to their own brands, REI Co-op and Co-op Cycles, REI carries popular outdoor brands such as ENO, Merrell, Osprey, Patagonia and The North Face. The co-op strives to inspire, educate and outfit its customers for a lifetime of outdoor adventure and stewardship.

Publix’s dedication to superior quality and customer service is recognized among the top in the grocery business. “We look forward to continuing to grow in the Chattanooga area and expanding our ability to serve new customers in the area,” said Brenda Reid, media and community relations manager for Publix’s Atlanta Division.

About Branch Properties, LLC
Founded in 1973 and based in Atlanta, Branch Properties, LLC, is a private real estate investment firm whose primary focus is high-quality, grocery-anchored shopping centers located in Georgia, Alabama, Florida, Tennessee, North Carolina and South Carolina. As a vertically integrated real estate operating company, Branch has the in-house expertise to source, negotiate, acquire, develop, re-develop, finance, lease and manage its investments. Over the past four decades, Branch has acquired, developed and managed over $2.5 billion of commercial real estate, accounting for more than 12 million square feet of leasable space.

Leasing Information:  Greg Hagan, Director of Leasing, (404) 832-8923, ghagan@branchprop.com.