CS & Associates Acquires Property.Business Editors/Real Estate Writers LOOKOUT MOUNTAIN Lookout Mountain, actually a plateau, is located at the northwest corner of Georgia, the northeast corner of Alabama, and along the southern border of Tennessee near Chattanooga. It is one of the southernmost ridge mountains of the Ridge-and-valley Appalachians. , Tenn.--(BUSINESS WIRE)--Nov. 27, 2002 CS & Associates and Branch Capital Partners LP announced that on November 22, 2002 they bought Papermill Plaza, in Knoxville, TN. "Papermill Plaza is very well located property in the heart of Knoxville", commented Steve Arnsdorff, Chief Manager of CS & Associates. Nick Telesca, President of Branch Capital Partners said "this property has many of the characteristics of properties we like to invest in. You can't beat the location. We are studying how best to position this property for the future." Papermill Plaza is approximately a 106,000 sq. foot strip center anchored by Knoxville Discount Furniture at the intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. of Kingston Pike pike, in zoology pike, common name for the family Esocidae, freshwater game and food fishes of Europe, Asia, and North America. The pike, the muskellunge, and the pickerel form a small but well-known group of long, thin fishes with spineless dorsal fins, and Papermill Rd. in Knoxville, TN. The property was previously owned by a private trust. Stuart Wiston, Director of Leasing for the ownership entity, said "we think there are some exciting things we can do to improve the property from a tenant mix standpoint." Branch Capital Partners LP, based in Atlanta, invests in many types of real estate throughout the southeast, including well-located strip shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . CS & Associates, based in Lookout Mountain, TN., invests in retail properties, including enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. malls and strip shopping centers. |
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