Halpern Enterprises, Inc. announces the acquisition of Harvest Park Centre, a 166,035-square-foot shopping center at 5439 Washington Pike in Knoxville, Tennessee. The power center is anchored by national retailers Marshalls, Ross Dress for Less, and Five Below and shadow-anchored by Target. Harvest Park Centre represents the firm’s second retail property in Tennessee and second acquisition in the past six months.
“Harvest Park Centre exemplifies the high-quality investment profile we seek – an established retail destination in one of Tennessee’s fastest-growing markets, with strong tenant retention and significant regional appeal,” said Halpern Acquisitions Manager Scott Jackson. “Its strategic location near the new Amazon Distribution Center, combined with Knoxville’s robust residential growth and a lineup of nationally recognized tenants, positions the property for long-term value creation and steady cash flow.”
Built in 2007, Harvest Park Centre features Old Navy, Ulta Beauty, Bath & Body Works, AT&T, Sports Clips, and Sally Beauty Supply, among others. The property enjoys exceptional visibility along Washington Pike, with traffic counts of approximately 20,500 vehicles per day and proximity to nearby retailers such as Walmart Supercenter and Kohl’s.
Harvest Park Centre serves as East Knoxville’s primary retail hub, attracting shoppers from a vast trade area where 52% of customers travel more than five miles. Located less than a mile from Amazon’s new distribution facility and only a quarter mile from I-640 (63,776 VPD), Harvest Park Centre benefits from Knox County’s status as the second fastest-growing county in Tennessee.
About Halpern Enterprises
Halpern Enterprises is a privately held commercial real estate firm specializing in retail leasing, management, acquisitions and development. For more than 60 years, our collaborative, hands-on approach has created value for hundreds of tenants and resulted in the long-term success of our shopping centers. Headquartered in Atlanta, Halpern owns and operates more than 50 properties, totaling more than 3.7 million square feet, in Alabama, Georgia, North Carolina, South Carolina and Tennessee. For more information, visit www.halpernent.com.
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