NASHVILLE, Tenn., December 7, 2012—X Team International, an international alliance of retail real estate advisors with expertise in more than 45 major markets throughout the U.S., Canada and Europe, announced today that an affiliate of Nashville, Tenn.-based partner Baker Storey McDonald Properties (BSM) acquired Whitesburg Center in Huntsville, Ala. for $6.7 million.
The 51,943-square-foot shopping center is located within a dynamic submarket of Huntsville at 5000 Whitesburg Drive. BSM will manage and lease the shopping center. Current tenants include Dollar Tree, Mattress Firm, Cheeburger Cheeburger and Baskin Robbins, among others. BSM’s most recent acquisitions and developments were located in Cincinnati, OH; Winchester, KY; Nashville, TN; and Knoxville, TN.
In this acquisition, Craig Taylor of CBRE represented the seller, an affiliate of Equinox Group based in Atlanta, GA. Van Wehr of CBRE assisted with financing for the project. BSM represented themselves as the buyers.
About X Team
X Team is an international alliance of retail real estate specialists with offices located in major cities throughout the U.S., Canada and Europe. X Team partners average more than 20 years of industry experience, with expertise in major markets worldwide, specializing in tenant, property and developer/landlord representation, workout services, property dispositions and retail investments. X Team services include transaction negotiation, portfolio analysis, lease valuations, acquisitions, and asset assessment and valuation. For more information, please visit www.xteam.net.
About Baker Storey McDonald Properties
Baker Storey McDonald Properties, Inc. is headquartered in Nashville, Tennessee. BSM serves the retail real estate community throughout the central south and provides tenant representation, project leasing, property management, development, and investment services. In addition to the services that Baker Storey McDonald Properties provides its clients, the firm acquires retail real estate in target markets in the southeast. For more information, please visit www.bsmproperties.com.