Holliday Fenoglio Fowler, L.P. announces the $18.5 million sale of Snow Hill Village, an 86,108-square-foot community shopping center anchored by Publix in Ooltewah.
The HFF team marketed the property on behalf of the seller, Six Pines Realty. Publix purchased the asset free and clear of debt.
Snow Hill Village is anchored by a high-performing Publix, a privately-owned Fortune 100 company with 2017 sales of $34.6 billion. Completed in 2008, the 95-percent-leased center is also home to Beef O’Bradys, Edward Jones, H&R Block, the UPS Store, Dr. Hammontree, Ooltewah Vision Center, Unique Nails, Marco’s Pizza, Sun Trust Bank, Open Spigot Liquor and Great Clips.
Snow Hill Village is at 5958 Snow Hill Road in Ooltewah about 17 miles east of downtown Chattanooga on the “going home” side of the street. Adjacent to Interstate 75, the property is exposed to more than 71,000 vehicles a day, and more than 22,500 residents earning an average annual household income of $95,048 live within a three-mile radius of the property.
The HFF investment advisory team representing the seller included senior managing director Jim Hamilton, director Mike Allison and analyst Andrew Kahn.