REBusinessOnline

Tennessee

Buckingham Cos. Opens Residences at Aertson Midtown in Nashville

NASHVILLE, TENN. — Indianapolis-based Buckingham Cos. has opened the residential portion of Aertson Midtown, a 17-story, 600,000-square-foot mixed-use development located adjacent to Vanderbilt University in Nashville. The Residences at Aertson Midtown is made up of 350 studio, one-, two- and three-bedroom units with rents ranging from $1,800 to $5,500 per month. The property features a rooftop pool, dog park, dog wash station, bike storage, theater, fitness center and 24-hour in-room dining..

June 22, 2017

AEG to Develop Mixed-Use Entertainment District in Downtown Nashville

NASHVILLE, TENN. — AEG plans to develop a mixed-use entertainment district at Southwest Value Partner’s (SWVP) Nashville Yards in downtown Nashville. The Los Angeles-based sports and entertainment venue owner/operator purchased a four-acre parcel of land that will be anchored by a 4,000-capacity music venue, a flagship Regal Cinemas theater complex, a 600- to 700- capacity live entertainment club, an approximately 240-room boutique hotel and other entertainment, food and beverage options...

June 20, 2017

Chinese Investor Offers $3B to Acquire Tennessee-Based Brookdale, Reuters Reports

BRENTWOOD, TENN. — Zhonghong Zhuoye Group Co. Ltd., a Chinese real estate investor, has reportedly offered approximately $3 billion for the acquisition of Brookdale Senior Living, according to a report by news agency Reuters, which cited people familiar with the matter. If the Brookdale deal were completed as reported, it would be by far the largest Chinese investment in U.S. seniors housing to date. Headquartered in Brentwood, Brookdale is by far the largest owner and operator of seniors..

June 14, 2017

Crescent Communities Unveils Plans for Bigby Mixed-Use Development in Nashville’s Cool Springs District

FRANKLIN, TENN. — Crescent Communities has unveiled plans for Bigby, a mixed-use development in Nashville’s Cool Springs submarket. Situated at the intersection of East McEwen Drive and Carothers Parkway in Franklin, Bigby will comprise 30,000 square feet of retail space, a 280,000-square-foot office tower, 40,000 square feet of loft office space, 330 apartments, 15 townhomes, a 200-room hotel, a 12-acre park, public plazas and roughly 2,015 parking spaces. Bigby will connect to existing..

June 13, 2017

Boyle, Northwestern Mutual, Northwood Ravin Break Ground on Capitol View Office Building in Nashville

NASHVILLE, TENN. — A joint venture between Boyle Investment Co., Northwestern Mutual and Northwood Ravin has broken ground on the office component of Capitol View, a 32-acre mixed-use development in Nashville’s North Gulch district. HealthStream Inc., a healthcare IT firm, will move its corporate headquarters to 65,000 square feet at the new office building, called Block E. The design team includes Hoar Construction, Barge Waggoneer Sumner & Cannon, Cooper Carry, Kiser Vogrin Design, RPM..

June 12, 2017

Kevin Hyneman Cos. to Build $11.4M Headquarters in Metro Memphis for Mueller Industries

COLLIERVILLE, TENN. — Kevin Hyneman Cos. plans to build a new 55,000-square-foot headquarters facility for Mueller Industries, a plumbing and HVAC parts manufacturer. The new headquarters building, which will house 125 Mueller employees, will cost approximately $11.4 million to develop. The facility will be situated within the 450-acre Boyle Schilling Farms mixed-use development, which is home to companies such as Helena Chemical, MCR Safety and Juice Plus. Mueller, a Fortune 1000 firm,..

June 5, 2017

NorthMarq Capital Arranges $8.1M Acquisition Loan for Flex Facility in Nashville

NASHVILLE, TENN. — NorthMarq Capital has arranged an $8.1 million acquisition loan for Polk Avenue Industrial, a 284,000-square-foot flex facility located in Nashville near the Lane Motor Museum. Susan Branscome of NorthMarq Capital’s Cincinnati office arranged the financing through an unnamed life insurance company.

June 5, 2017

Avison Young Brokers Sale of 852,370 SF GE Distribution Facility in Cleveland, Tennessee

CLEVELAND, TENN. — Avison Young has brokered the sale of an 851,370-square-foot distribution facility located at 1520 Lauderdale Memorial Highway in Cleveland that is fully leased to General Electric (GE). New York-based Lexington Realty Trust purchased the asset from Chicago-based SMB Bradley for an undisclosed price. The facility is GE’s largest lighting distribution center and serves some of the world’s leading retailers, including Walmart, Lowe’s Home Improvement and Target. The..

June 1, 2017

Continental Realty Acquires Apartment Community in Metro Nashville for $47.3M

MURFREESBORO, TENN. — Continental Realty Corp. has acquired Bell Murfreesboro, a 320-unit apartment community located at 3920 Puckett Creek Crossing in Murfreesboro, about 35 miles southeast of Nashville. The Baltimore-based investment firm purchased the asset from Bell Partners Inc. for $47.3 million. Built in 2008, the property features a clubhouse, swimming pool, recreational area and a pond. The one-, two- and three-bedroom units average 1,028 square feet, and 73 units feature one- or..

May 31, 2017

HSA Commercial Signs Geodis Logistics to 372,181 SF Industrial Lease in Metro Nashville

LEBANON, TENN. — HSA Commercial Real Estate has signed Geodis Logistics LLC to a 372,181-square-foot lease at Commerce Farms V, a newly built industrial project in Lebanon, a suburb of Nashville. Geodis will use the facility as a worldwide coffee retailer distribution center. HSA Commercial and Washington Capital Management Inc. recently delivered Commerce Farms V, which is located on 41 acres at the junction of State Route 840 and Highway 109 near Interstates 40, 24 and 65. The project..

May 31, 2017