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JLL Arranges Sale of 1,200-Unit Self-Storage Portfolio Near Nashville

MURFREESBORO, TENN. — JLL has arranged the sale of a 1,200-unit self-storage portfolio in Murfreesboro. The portfolio comprises the 662-unit Salem Glen Self Storage facility at 3450 Glenside Court and the 538-unit CubeSmart facility at 1932 Cason Lane. Glen Self Storage was delivered in 2005 and expanded in 2017. The property has 177 climate-controlled units and 485 drive-up, non-climate-controlled units. The CubeSmart facility was completed in 2017 and expanded this past spring to add 57 RV …

Capstone Arranges $12.8M Sale of Multifamily Community Near Nashville

MURFREESBORO, TENN. — Capstone has arranged the $12.8 million sale of Haven Woods Apartments, a 153-unit community in Murfreesboro. The property offers one- and two-bedroom floor plans averaging 782 square feet. Communal amenities include a pool, clubhouse and green space. The buyer, Beverly Hills, Calif.-based Archway Equities, plans to implement a value-add program throughout the property. Further details of the renovations were not disclosed. Haven Wood is located at 1620 Battleground …

Cushman & Wakefield Arranges Sale of 397,981 SF Industrial Park in Nashville

NASHVILLE, TENN. — Cushman & Wakefield has arranged the sale of phases I and II of Airport Logistics Park, a 397,981-square-foot industrial park in Nashville. The first two phases of development span 52.7 acres and include six buildings that were leased to 14 tenants at the time of sale. The property is located at 1922 Old Murfreesboro Pike, four miles southeast of Nashville International Airport. Stewart Calhoun, Casey Masters, David McGahren and Ronnie Wenzler of Cushman & Wakefield …

JLL Negotiates $30.9M Sale of Industrial Property Near Nashville

MT. JULIET, TENN. — JLL has negotiated the $30.9 million sale of 245 Couchville Industrial, a fully leased, 709,652-square-foot industrial property in Mt. Juliet. The property is 67 percent leased to ElectroluxNorth America Inc., a subsidiary of Electrolux AB. The other tenant was not disclosed. The asset is situated on nearly 44 acres at 245 Couchville Industrial Blvd., 30 miles east of downtown Nashville and 22 miles east of Nashville International Airport. Britton Burdette, Pete Pittroff, …

Annex Group to Develop $19.1M Student Housing Community Near University of Memphis

MEMPHIS, TENN. — The Annex Group will develop Annex of Memphis, a 208-bed student housing community near the University of Memphis. The Indianapolis-based developer expects development costs to total $19.1 million. The property will offer studio, two-, three- and four-bedroom floor plans. Rents will range from $1,050 per month per student for studios down to $705 per month for four-bedroom units. Communal amenities will include a fitness center and covered parking. The Annex of Memphis will …

Stan Johnson Co. Brokers $9.9M Sale of Office Building Leased to CVS in Knoxville

KNOXVILLE, TENN. — Stan Johnson Co. has brokered the $9.9 million sale of a 59,748-square-foot office building leased to CVS/pharmacy in Knoxville. CVS houses its call center at the property, which is situated at 2401 Cherahala Blvd., 17 miles west of downtown Knoxville. The Woonsocket, R.I.-based company has occupied the space since it was built in 2002. Jonathan Ameen and Jeff Hughes of Stan Johnson Co., along with John Adams III of Avison Young, represented the seller, New York-based …

Pizzuti Delivers 21-Story Hotel in Nashville’s SoBro District

NASHVILLE, TENN. — The Pizzuti Cos. has opened The Joseph, a 21-story, 297-room hotel in Nashville’s SoBro district. The hotel is part of Marriott International’s Luxury Collection line. The hotel offers indoor and outdoor meeting space, a fitness center, spa and salon, rooftop lounge and restaurant Yolan. The Joseph, named after Pizzuti family patriarch Joseph Pizzuti, is located at 401 Koreans Blvd., less than one mile from downtown Nashville. Miami-based Arquitectonica designed the …

Leasing, Development Thrive for Memphis Industrial Market While Sales Slow

The Memphis industrial market was off to another record-setting year for the third straight time. Then, the Mike Tyson punch no one could have ever expected came: the shutdown of the entire country. Even after sheltering in place for months and nonessential businesses out of the office until further notice, our industrial market is holding firm. The Memphis industrial market holds over 285 million square feet of useable space and offers the basic tenets for distribution. Memphis International …

JLL Arranges $41.2M Portfolio Sale of Two Multifamily Communities in Nashville

NASHVILLE, TENN. — JLL has arranged the $41.2 million sale of Axis and Mosaic, two multifamily properties totaling 363 units in Nashville. Bond Cos. acquired the portfolio in an off-market transaction from Archway Equities LLC, an affiliate of Archway Holdings. Ian Anderson and Peter Chacon of JLL brokered the transaction.Axis comprises 130 units, offering one- and two-bedroom floor plans. Communal amenities include a clubhouse, fitness center, pool and laundry facilities. The property …

Third & Urban, FCP Open Sylvan Supply Development in Nashville

NASHVILLE, TENN. — Third & Urban and FCP have opened Sylvan Supply, a 194,000-square-foot adaptive reuse project in Nashville’s Sylvan Park neighborhood. The property offers 162,000 square feet of office space and 32,000 square feet of retail and restaurant space. Sylvan Supply is located at 401 Charlotte Ave., three miles west of downtown Nashville. The site is home to the former Madison Mill. Office tenants include consulting firm Accenture, Keller Williams Realty Nashville and …

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