Nassimi completes 34,000 s/f retail lease

Nassimi Realty has signed a long-term lease for a new 34,000 s/f Ollie's Bargain Outlet in the Knoxville Commons. An Office Max and a Southeastern Home Emporium anchor the 134,500 s/f Knoxville Commons. Center tenants also include National Tire & Battery. The center is located immediately adjacent to Wal-Mart, Home Depot, Kohl's and JC Penney stores. Nassimi Realty Representative, Kevin Nassimi said, "We are very pleased with the growth we are seeing in the Knoxville market. With the addition of Ollie's Bargain Outlet, Knoxville Commons is now 100% leased." Ollie's Bargain Outlet real estate manager, Stephen Pistorius said, "It's the perfect combination of good demographics, great access off I-640 and superb retail synergy. With over 2 million SF of retail within one mile of our store, how can we go wrong?" Winbrook Management, LLC of New York City represents Nassimi Realty in the leasing and management of the property. Nassimi Realty is a privately held diversified investment and development company with holdings that include over six million square feet of retail, office, and residential property. The company owns a portfolio of 5 million square feet of shopping center space located in 13 states east of the Mississippi including centers located in suburban Philadelphia, New Jersey, New York, North Carolina, West Virginia, Alabama, Kentucky, Tennessee, Florida, Indiana, Illinois, Michigan, and Ohio. The company continues to search for additional properties as part of an aggressive effort to expand its portfolio into growing markets nationwide. Web site for more information: www.NassimiRealty.com