Bartlett Retail Center Near Wolfchase Sells for $11.1 Million

A $11.1 Million Retail Property Sale in Bartlett

A retail center at 8000 Highway 64 in Bartlett has changed hands in an $11.1 million transaction, adding another investment to the Wolfchase-area commercial market.

Gregory Realty GP, led by local investor Hulet Gregory, purchased the property from the Kosten and Rosenblum family trusts, according to Shelby County Register of Deeds records. Brian Califf of NAI Saig Co. represented the buyer, while Landon Williams of Cushman & Wakefield | Commercial Advisors represented the sellers.

The approximately 72,000-square-foot retail center sits on about eight acres near North Germantown Parkway and Stage Road, across from Wolfchase Galleria. It is part of Wolf Run Plaza, a shopping center made up of separate parcels.

The property’s tenants include Guitar Center, Gould’s Academy, TCBY and Pump It Up, among others. Gregory told the Memphis Business Journal that the company looks for multi-tenant properties with a mix of businesses that can hold up as online shopping grows. He also cited the tenant mix, longevity of tenants and purchase price as factors in the decision.

The building dates to 1992. Gregory Realty typically holds properties for five to 10 years while working to increase their value. The firm also owns other Shelby County properties, including Poplar Towers, an 11-story office building in East Memphis purchased in 2024 for $10.3 million.

The sale comes as other projects and property transactions draw investment to the Highway 64 and Wolfchase trade area. Recent activity cited by Califf includes Living Spaces’ purchase of the former IKEA building and plans for a Panda Express near Wolf Run Plaza.

Fast Facts

• Sale price: $11.1 million
• Location: 8000 Highway 64, Bartlett
• Property: Approximately 72,000-square-foot retail center
• Site: About eight acres
• Year built: 1992
• Tenants include: Guitar Center, Gould’s Academy, TCBY and Pump It Up
• Buyer: Gregory Realty GP, led by Hulet Gregory

Source: Memphis Business Journal; Shelby County Register of Deeds records.

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