News

PEBB Enterprises, a South Florida-based full-service private real estate investment company, completed the $5.57 million sale of a 22,000-square-foot section of Westview Plaza in Lebanon, Tennessee. The shadow retail section includes leases with China Wok, Mysa Nails & Spa, T-Mobile and Petco.

The transaction closed on April 23. Berkeley Capital Advisors represented the seller, a joint venture between PEBB Enterprises and The Sembler Company, and Compass Real Estate represented the buyers, Westview Investment, LLC and AMB Investment, LLC.

“Our team is excited to have executed the successful disposition of this portion of the property at a great time,” PEBB Enterprises President and CEO Ian Weiner said. “We are always looking for new opportunities to add to our national portfolio, where we can bring value to communities through our leasing efforts.”

Located east of Nashville at 1418 W. Main Street, approximately 30 minutes outside of Nashville, Westview Plaza sits on 18 acres and includes additional leases with Subway, GNC, Great Clips, Bank of America and anchor tenant, Kroger, which completed a 40,000-square-foot expansion in 2022.

PEBB Enterprises previously owned a separate section of the plaza and sold it to Kroger for its expansion.

In 2022, PEBB Enterprises sold Germantown Village Square in Memphis, Tennessee for $35.52 million. The successful disposition of Westview Plaza represents PEBB’s exit from the Tennessee market.