Phillips Edison & Co. purchased Rivergate Square, an 83,408-square-foot retail center in Madison, Tenn.

The value of the transaction was not disclosed.

Office Depot anchored Rivergate Square at the time of sale.

“We are excited to add another property in Nashville on a very strong retail corridor anchored by a solid-performing Home Depot and Office Depot. Our leasing focus will allow us to refill the recent vacancies and restabilize the center,” said Mark Addy, chief operating officer of Phillips Edison.

Phillips Edison & Co. is a retail real estate owner, manager and developer operating in 27 states.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Black Friday Sale! Bundle our next two events or secure your 2021 All Access Pass.SEE THE DEALS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription