DDRS is pleased to announce the purchase of Gadd Crossing, a single-story retail center located in Hixson, Tennessee, a northern suburb of Chattanooga. Situated at 5510 Highway 153, this 74,000 square-foot retail center is part of a vast retail hub that runs along the highway and offers strong visibility, as well as convenient access.
Gadd Crossing is home to numerous strong national and local retail tenants, Wal-Mart, Target, Best Buy and PetSmart. Renovated in 2005-2006, the retail center has sub-occupancy of 95.89% and benefits from the heavily populated region that is also experiencing vast residential development.
DDRS is a nationwide buyer of investment-grade commercial properties. Over the last three years, the company has acquired approximately 200 properties valued at over $2 billion. The primary focus of DDRS is on well-positioned, intrinsic-valued real estate such as retail, office, flex, industrial, and multifamily opportunities.
DDRS has three regional acquisition offices located in Atlanta, Boise, and Chicago. For more information, contact Vic Moore in the Atlanta office at 770-841-0001, Bill Fremgen in Boise at 208-489-2600, or Matt Blauvelt in Chicago at 312-212-4456. Information is also available by visiting www.ddrs.net.