Chestnut Development Partners, LP Closes On Ninth Investment

Thursday, May 22, 2014

Chattanooga-based Chestnut Development Partners announced its most recent investment. Chestnut invested alongside Benbrooke Realty Investment Company in Dutton Mill Shopping Village, a 76,000 square foot shopping center in Aston, PA. This is Chestnut’s ninth investment since November 2012.

Steen Watson, Chestnut’s principal and co-founder, commented, “Our latest investment is both confirmation and continuation of our strategy of investing alongside proven and experienced partners in well-located, high quality properties with the intent to create value.

Dutton Mill Shopping Village is located in Delaware County, Pennsylvania, approximately 20 minutes outside downtown Philadelphia, and was once anchored by Shop-N-Bag, a regional grocery store. The vacant grocery store is viewed by Chestnut and Benbrooke as an opportunity to redevelop and market the shopping center to various national and regional retailers.

October Home Sales Indicate Increase In New Listings

The October home sales report from the Greater Chattanooga Association of Realtors includes a healthy rise in new listings.  Transitory periods in the market are common this time of year, and after a persistent period of steady year-over-year climbs in sales metrics, recent low national numbers have not fulfilled what many predicted. But on a positive note, jobless ... (click for more)

Real Estate Transfers For Nov. 12-18

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Darrel Jones, 43, Shot And Killed On Central Avenue

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Roy Exum: Cometh ‘The Black Dog’

I am one of 350 million people in the world who suffers from clinical depression. The doctors trace it back to my first decade of the 21 st century when constant surgeries and infections knocked me loopy but the more I have found, I believe I am more like Sir Winston Churchill, Abraham Lincoln and pro football star Terry Bradshaw – I think I have had it all my life. Today it ... (click for more)