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CLARKSVILLE, TENN. — Clarksville Volunteer Health Inc. has completed the disposition of the former community hospital site, which is located at the intersection of Madison Street and Memorial Drive in Clarksville. Brentwood, Tenn.-based PGM Properties purchased the 15-acre land parcel for $2.25 million. PGM Properties plans to demolish the former hospital and develop Madison Street Commons, a 54,000-square-foot retail center, on the property. The center will be anchored by Publix and offer 18,600 square feet of retail and out-parcel space. Richard Swift of NAI Clarksville represented the seller in the transaction.