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AcquisitionsRetailSoutheastTennessee

GBT Realty Acquires Brentwood Corners Shopping Center in Metro Nashville for $10.4M

by John Nelson

BRENTWOOD, TENN. — GBT Realty has purchased Brentwood Corners, a 22,268-square-foot shopping center located at 214 Ward Circle in Brentwood, a southern suburb of Nashville. The locally based buyer purchased the property from an undisclosed seller for $10.4 million. Situated within the Maryland Farms master-planned community, Brentwood Corners was fully leased at the time of sale to tenants including Serrato’s Steakhouse, Jefferson’s Restaurant, Iron Tribe Fitness, WOW Orthodontics and 100 Pizza, which recently opened. The property was recently renovated with a newly paved parking lot, painted facades, new roof, updated landscaping and new LED lighting.

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The Mill at White House
LoansMultifamilySoutheastTennesseeWalker & Dunlop

Walker & Dunlop Arranges $42M Refinancing for Luxury Apartment Community in Suburban Nashville

by Abby Cox

WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million bridge loan for the refinancing of The Mill at White House, a 216-unit luxury apartment complex located in White House, a suburb of Nashville. Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller of Walker & Dunlop’s Capital Markets team arranged the financing through an unnamed institutional lender. The team previously refinanced the construction debt in 2022 on behalf of the borrower, RFM Development Co. Completed in 2024, The Mill at Whitehouse offers one-, two- and three-bedroom floorplans, ranging in size from 769 to 1,385 square feet, according to Apartments.com. Rental rates begin at $1,465. Amenities at the property include a swimming pool, fitness center, children’s playground, clubhouse, business center, pet play area and a grill.

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Shoppes at East Stone
AcquisitionsRetailSoutheastTennessee

Marcus & Millichap Closes Sale of 23,876 SF Retail Center in Kingsport, Tennessee

by Abby Cox

KINGSPORT, TENN. — Marcus & Millichap has arranged the sale of Shoppes at East Stone, a 23,876-square-foot retail center located at 2637 E. Stone Drive in Kingsport, a city near the Tennessee-Virginia border. Built in 2011, Shoppes at East Stone was 95 percent leased at the time of sale to tenants including Jersey Mike’s Subs, Stanton Optical, East Coast Wings + Grill, Lendmark Financial Services, Lumber Liquidators and Polish Nail Bar. Target shadow-anchors the center. Michael Early of Marcus & Millichap represented the seller, a Maryland-based family office, in the transaction. Jody McKibben was Marcus & Millichap’s broker of record in Tennessee. The sales price and buyer were not disclosed.

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DevelopmentHospitalityMixed-UseRestaurantRetailSoutheastTennesseeTop Stories

Simon to Develop 100-Acre Sagefield Mixed-Use Center in South Nashville

by John Nelson

NASHVILLE, TENN. — Simon Property Group (NYSE: SPG) plans to develop Sagefield, a 100-acre mixed-use destination that will be located on the south side of Nashville. The construction timeline for the project was not released. Situated in the hills of Williamson County, the planned project will feature lifestyle shops, restaurants and service retail spaces, as well as a landmark hotel by Author & Edit Hospitality, a hotel brand helmed by restaurateur and hotelier Sam Fox of Fox Restaurant Concepts. “This exciting new development will set a new standard for quiet luxury in metro Nashville and beyond,” says Eric Sadi, co-president of Simon’s North American real estate division. Simon is collaborating on Sagefield with Adventurous Journeys Capital Partners (AJ Capital), a Nashville-based firm that specializes in mixed-use and adaptive reuse development. Simon and AJ Capital are currently collaborating on Nashville Premium Outlets, a 325,000-square-foot outlet mall that will break ground next year in Thompson’s Station, Tenn.  Plans for Sagefield also call for first-to-market boutique retailers, household-name operators, farm-to-table restaurants and cafés, an organic market, entertainment venues and health and wellness concepts. The development’s planned hotel will offer signature restaurants, a high-end spa, sports and a social members club. Simon says that …

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LoansMultifamilySoutheastTennessee

Dwight Mortgage Trust Provides $53M Refinancing for South Banks Apartments in Knoxville

by John Nelson

KNOXVILLE, TENN. — Dwight Mortgage Trust has provided a $53 million bridge loan for the refinancing of South Banks, a 230-unit, garden-style apartment community located in Knoxville. The community, which comprises 118 one-bedroom apartments and 112 two-bedroom units, is situated along the Tennessee River near downtown Knoxville and the University of Tennessee. The property also features 3,000 square feet of commercial space, a fitness center, saltwater pool, outdoor kitchen, resident lounges, coworking spaces and a rooftop gathering area. Josh Hoffman and Jonathan Pomper of Dwight Mortgage Trust originated the loan on behalf of the owner, locally based Dominion Group.

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LoansSelf-StorageSoutheastTennessee

Affinius Capital Funds $17.3M Refinancing for Self-Storage Portfolio in Metro Nashville

by John Nelson

GALLATIN AND SPRING HILL, TENN. — Affinius Capital has provided a $17.3 million loan for the refinancing of a two-property self-storage portfolio in the Nashville suburbs of Gallatin and Spring Hill. Storelocal operates both facilities, which total 1,341 units. Amit Tyagi and Andy Bratt of Gantry arranged the loan on behalf of the borrower, Pruitt Investments. Each property features drive-up entry, climate-controlled units, onsite management, controlled gate access with keypad entry, a leasing office and 24/7 digital surveillance.

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AcquisitionsOfficeSoutheastTennessee

Shorenstein Purchases 20-Story Office Tower in Nashville’s Gulch District

by John Nelson

NASHVILLE, TENN. — San Francisco-based Shorenstein Investment Advisers has purchased 1222 Demonbreun, a 20-story, Class A office tower located in Nashville’s Gulch district. The 330,474-square-foot property was 97 percent leased at the time of sale and represents Phase I of the Gulch Union mixed-use development. The seller and sales price were not disclosed, but the property was delivered in 2020 by a joint venture between Austin-based Endeavor Real Estate Group and Dallas-based Granite Properties. 1222 Demonbreun’s amenities include an indoor-outdoor sky lounge, 48-seat training room, fitness center, micro-market and more than 900 covered parking spaces.

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AcquisitionsOfficeSoutheastTennessee

Cushman & Wakefield Commercial Brokers Sale of 90,723 SF Office Portfolio in Kingsport, Tennessee

by John Nelson

KINGSPORT, TENN. — Cushman & Wakefield Commercial Advisors has brokered the sale of a three-property office portfolio in Kingsport, a city near the Tennessee-Virginia border. The properties — 4, 7 and 8 Sheridan Square — span 90,723 square feet combined and serve the Bristol-Johnson City-Kingsport region. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors, along with Miguel Alcivar of Cushman & Wakefield, represented the seller, Raptor Realty Investments 7 LLC, in the transaction. Gary Heeseman of Franklin Street represented the buyer, a locally based investment group doing business as AG Commercial GP.

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DevelopmentIndustrialSoutheastTennessee

Stream Realty Breaks Ground on 1.1 MSF Industrial Development in Lebanon, Tennessee

by John Nelson

LEBANON, TENN. — Stream Realty Partners has broken ground on Central Pike, a two-building industrial development in Lebanon that will span approximately 1.1 million square feet. The property is situated on an 89.2-acre site in Wilson County, roughly 30 miles east of Nashville, with immediate access to Tennessee State Route 109 and I-840. Building A at Central Pike will be a 355,982-square-foot, cross-dock facility with a 130-foot truck court, 80 trailer parking spaces, 40-foot clear heights and an ESFR sprinkler system. Building B will total 724,146 square feet and also include a cross-dock configuration, 130-foot truck court, 177 trailer parking spaces, 40-foot clear heights and an ESFR system. Rob Lowe, Dale Todd, Drue Stoehr and Mitch Kingsley of Stream Realty Partners are spearheading the development of Central Pike, the firm’s first industrial project in the metro Nashville market. Cushman & Wakefield is handling the leasing assignment, and Mycon Construction is serving as the project’s general contractor. Central Pike is slated to come on line in first-quarter 2027.

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Nobu-Hotel-Nashville
DevelopmentHospitalitySoutheastTennesseeTop Stories

Oracle Partners With Nobu Hospitality on $1.2B Nashville Headquarters Campus

by Taylor Williams

NASHVILLE, TENN. — Oracle Corp. (NYSE: ORCL) has partnered with Nobu Hospitality, a Miami Beach, Fla.-based operator whose concept is rooted in Japanese culture, for a new hotel and restaurant on its new corporate headquarters campus in Nashville. According to local media outlet The Tennessean, Oracle’s Nashville project is valued at roughly $1.2 billion. Designed in collaboration with architecture firm Foster + Partners, the new hotel will feature 120 rooms and suites. Guests will have access to a Nobu restaurant on the lobby level, as well as flexible meeting and event spaces for both intimate gatherings and larger occasions. The hotel will also offer a lobby café, fitness center and spa facilities and a rooftop infinity rooftop pool with curated food-and-beverage service. “We’re excited to bring the Nobu lifestyle to Nashville’s East Bank, a vibrant district ready for growth,” says Trevor Horwell, CEO of Nobu Hospitality. “After much anticipation and requests from our loyal Nobu customers, partnering with Oracle is a perfect match. Nashville’s rich culture and culinary scene make it an ideal home for Nobu, and we can’t wait to create a destination that embodies the city’s spirit and our unique experience.” Oracle, an IT company known for its …

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