RISE PARTNERS CLOSES ON PAYTON PARK SHOPPING CENTER

CONTACT: Robin Derryberry
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FOR IMMEDIATE RELEASE
RISE PARTNERS CLOSES ON PAYTON PARK SHOPPING CENTER

CHATTANOOGA, Tenn. (September 13, 2019) — Rise Partners, an investment group focused on shopping center acquisitions, redevelopments and ground-up development, today announced its purchase of the Payton Park Shopping Center in Sylacauga, AL. This is Rise Partners fourth acquisition of 2019.

Located on US Highway 280, the 232,000 square foot shopping center is currently anchored by Walmart and Burkes Outlet and is 97% leased.

“We are excited to own this well occupied center that benefits from a strong area employment base, as well as substantial weekend traffic from Birmingham residents traveling to Lake Martin and river homes.”

For leasing  and outparcel information contact Mary Beyer Lell at Crawford Square Real Estate Advisors at 205-834-3125.

To learn more about Rise Partners, visit: www.RisePartners.net or find them on LinkedIn, Rise Partners. 

RISE PARTNERS CLOSES ON EASLEY’S TOWN N’ COUNTRY SHOPPING DEVELOPMENT WITH PLANS FOR NEW IMPROVEMENTS

 

CONTACT: Robin Derryberry

Robin@Derryberrypr.com

423.755.7588

423.667.1106

FOR IMMEDIATE RELEASE
RISE PARTNERS CLOSES ON EASLEY’S TOWN N’ COUNTRY SHOPPING DEVELOPMENT WITH PLANS FOR NEW IMPROVEMENTS

 

CHATTANOOGA, Tenn. (April 2, 2019) — Rise Partners, an investment group focused on shopping center acquisitions, redevelopments and ground-up development, today announced its purchase of the Town N’ Country Shopping Center in Easley, S.C. This is Rise Partners third acquisition of 2019.

 “We are extremely excited to acquire this established shopping center from the Nalley family,” said Greg Wilson, with Rise Partners. “Bud Nalley originally developed the Town N’ Country Shopping Plaza in 1968 and it has remained a focal point of the community since that time thanks to the Nalley family. We look forward to working with the city to renovate the center to ensure Town N’ Country continues to thrive in the Easley market.” 

The 280,000 square foot shopping center is currently anchored by Belk, Hobby Lobby and Staples. The former JCPenney building will be redeveloped to create several new retail spaces to be occupied by national retailers to be named at a later date, which will complement the existing tenants.

 “As a former resident of the Upstate and Clemson Alumnus, I am very excited that Rise Partners will be joining the Easley community with the acquisition of Town N’ Country Shopping Center,” said Matt Phillips, with Rise Partners. “We are eager to start our planned improvements of such an important shopping center to the local community.”

 For leasing information contact Wes Thurmond at the Providence Group at 704-644-4595.

 To learn more about Rise Partners, visit: www.RisePartners.net or find them on LinkedIn, Rise Partners. 

RISE PARTNERS ACQUIRES VACANT KMART PROPERTY IN CLARKSVILLE, TENNESSEE

CONTACT: Robin Derryberry
Robin@Derryberrypr.com
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FOR IMMEDIATE RELEASE

RISE PARTNERS ACQUIRES VACANT KMART PROPERTY IN CLARKSVILLE, TENNESSEE:

Construction to Begin Immediately with Five National Retailers Slated to Open by Late Fall

CHATTANOOGA, Tenn. (March 4, 2019) — Rise Partners, an investment group focused on shopping center acquisitions, redevelopments and ground-up development, announced its purchase of the vacant Kmart property on Madison Street, a 95,000 square foot shopping center located in Clarksville, Tenn. This is Rise Partners third acquisition and is a solid fit to its strategy of acquiring premium location redevelopment opportunities. The project is scheduled to be completed this fall, in time for holiday shopping.

“We are very excited to be new members of the Clarksville community,” said Matt Phillips, with Rise Partners. “This area of Clarksville has tremendous potential and the retailers and restaurants we will bring to the project will be an exciting addition to the community.”  

“This announcement is a tremendous example of the value the Economic Development Council and its partners place on creating incentive models that attract redevelopment of existing buildings. This vacant home of the former Madison Street Kmart will now create new economic growth, add additional tax revenue to the community and greatly enhance our quality of life,” said Jeff Truitt, CEO of the Clarksville-Montgomery County EDC. “This investment by Rise Partners is exciting news for our ever growing community as it means new jobs, new development and more choices for our citizens.”

Construction will begin immediately to subdivide the now-vacant 85,000 square foot building that was formerly Kmart to create five new retail spaces. Rise Partners noted the spaces will be occupied by retailers that will be announced soon. In addition, the vacant fuel center will be replaced with restaurant and retail space.  

“This is a prime commercial location so it’s great that this corner will return to full productivity, both in terms of service to residents and as a sales-tax generator,” said Joe Pitts, Clarksville Mayor. “More quality retail and more dining options are always in demand in Clarksville and I think this project is a great fit for our community.”

“This project is an important turn around for the Exit 11 area. It’s been three years since the closing of the Kmart store, which is in a highly visible stretch of road,” said Jim Durrett, Montgomery County Mayor. “I’m appreciative of the work that has gone into securing new businesses and jobs and I’m especially thrilled for the residents in that area who will soon have more shopping and restaurant choices.  It’s a great benefit to our entire community.”

Phillips added, “There are few communities that provide the type of engagement and support we’ve received on this project. We are truly grateful for the leadership by local government leaders.” 

Those interested in leasing information are encouraged to contact Gary Shanks at The Shopping Center Group by calling 615-259-0200 or gary.shanks@tscg.com.  

To learn more about the company, visit: www.RisePartners.net or find them on LinkedIn, Rise Partners.

RISE PARTNERS CLOSES ON MARYLAND ACQUISITION

CONTACT: Robin Derryberry
Robin@Derryberrypr.com
423.755.7588
423.667.1106

FOR IMMEDIATE RELEASE
RISE PARTNERS CLOSES ON MARYLAND ACQUISITION

Chattanooga, TN. (Feb. 20, 2019) — Rise Partners, an investment group focused on shopping center acquisitions, redevelopments and ground-up development, today announced its purchase of Easton Marketplace, a 126,650 square foot shopping center located in Easton, Maryland. This is Rise Partners second acquisition and is a solid fit to its strategy of buying premium location redevelopment opportunities.  

“Easton Marketplace provided us with an excellent chance to enter a market with high barriers to entry, that has the added benefit of serving a large second home market, with additional drive-through traffic from the Washington D.C. metro en route to the Atlantic beaches,” said Greg Wilson, a Rise partner. “We are excited about working with retailers and the city of Easton to take this center to the next level.”

A redevelopment beginning this fall will subdivide a now-vacant 33,000 square foot former JCPenney building to create two new tenant spaces, which will be occupied by well-known national retailers. The project will complement the existing tenants, which include Weis Markets and shadow anchors Lowes and Kohls.  

“Easton is such a beautiful and historic community with easy access to Washington DC and Baltimore. We are all excited to spend time there working to enhance Easton Marketplaces’ longstanding position within the market,” said Rise partner Geoff Smith. “

Andy Stape and Vito Lupo, of KLNB Retail Investment Sales Group, represented the seller. 

To learn more about the company, visit: www.RisePartners.net or find them on LinkedIn, Rise Partners.

RISE PARTNERS LAUNCHES IN CHATTANOOGA

CONTACT: Robin Derryberry
Robin@Derryberrypr.com
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423.667.1106

FOR IMMEDIATE RELEASE RISE PARTNERS LAUNCHES IN CHATTANOOGA, CLOSES ON FIRST ACQUISITION


Firm Focuses on Development, Redevelopment, Acquisitions and Joint Ventures Chattanooga, TENN. (July 9, 2018) — Real estate investors Geoff Smith, Matt Phillips and Jay Wiseman have formed Rise Partners, a company focused on shopping center acquisitions, redevelopments and ground-up developments. The group brings significant experience, market knowledge and retailer relationships to bear in seeking value add opportunities in southern markets.   Combined, Smith and Phillips have over 10 million square feet of development and redevelopment experience across 12 states, coupled with exceptional tenant relationships. Wiseman brings $7 billion of acquisition experience to round out a team capable of executing a variety of real estate strategies. “I’m very excited about the team we have assembled here at Rise and the future of our company,” said Smith. “We have a unique opportunity to both make a difference in the communities where we invest, while providing strong, sustainable returns for our investors.” Rise Partners closed on their first acquisition on June 27, purchasing Jackson Plaza, a 350,000 SF shopping center, located in Cookeville, Tenn. A redevelopment beginning this fall will subdivide a now-vacant 80,000 square foot former Sears building to create two new tenant spaces to be occupied by well-known national retailers. The project will complement the existing tenants, which include Belk, TJ Maxx, Old Navy, Dunham’s Sports, Food Lion, Books a Million and Petco.   “We are excited about what the future holds for our growing portfolio,” said Phillips. “Our success can only be attributable to the long-term relationships we have and partners who’ve placed their trust in our abilities. We’re grateful for the foundation they’ve set for our new company and look forward to putting them to work regionally.”   

To learn more about the company, visit: www.RisePartners.net or find them on LinkedIn, Rise Partners.