Press Releases
Marcus & Millichap Brokers Sale of Kohl’s Property in Knoxville, Tennessee
January 27, 2026
KNOXVILLE, Tenn., Jan. 26, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Kohl’s property located in Knoxville, Tennessee.
“The sale underscores strong investor demand for long-term, triple net-leased assets backed by durable retail tenants,” said Andrew Antoniou, director investments. “Kohl’s long operating history, recent lease extension, and proximity to major retail drivers made this an especially attractive opportunity.”
Antoniou and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Jody McKibben, Marcus & Millichap’s Tennessee broker of record, had the exclusive listing to market the property on behalf of the seller.
The property is situated on 32.65 acres at 5312 Washington Pike, eight miles from downtown Knoxville and the University of Tennessee. The 86,584-square-foot building has been occupied by Kohl’s since it was built in 1997, with updates including the addition of a Sephora in 2023. It is positioned in a dense retail corridor with nearby retailers including Walmart, Sam’s Club, Lowe’s and Target.
“The sale underscores strong investor demand for long-term, triple net-leased assets backed by durable retail tenants,” said Andrew Antoniou, director investments. “Kohl’s long operating history, recent lease extension, and proximity to major retail drivers made this an especially attractive opportunity.”
Antoniou and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Jody McKibben, Marcus & Millichap’s Tennessee broker of record, had the exclusive listing to market the property on behalf of the seller.
The property is situated on 32.65 acres at 5312 Washington Pike, eight miles from downtown Knoxville and the University of Tennessee. The 86,584-square-foot building has been occupied by Kohl’s since it was built in 1997, with updates including the addition of a Sephora in 2023. It is positioned in a dense retail corridor with nearby retailers including Walmart, Sam’s Club, Lowe’s and Target.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
