Tennessee

Matthews Brokers $8.5M Sale of Retail Strip Center in East Nashville

by John Nelson June 29, 2026

NASHVILLE, TENN. — Matthews has brokered the $8.5 million sale of a retail strip center located at 1000 Woodland St. in east Nashville’s Five Points district. Built in 2023, the retail center spans 8,207 square feet and houses two tenants: Bartaco and Edley’s Bar-B-Que, which occupy the center on 10-year triple-net leases with annual rent escalations. Ben Burnett of Matthews brokered the transaction. The buyer was a locally based private investor completing a 1031 exchange. The seller was also not disclosed. Additionally, Matthews Capital Markets’ team secured a $5.1 million, five-year acquisition loan through a locally based lender for the buyer.

June 29, 2026

Development Multifamily Retail Southeast Tennessee

CBL Sells Land at CoolSprings Galleria Mall in Metro Nashville to Greystar for 361-Unit Apartment Development

by John Nelson June 25, 2026

FRANKLIN, TENN. — CBL Properties, a publicly traded mall REIT based in Chattanooga, Tenn., has sold a 5.4-acre parcel at CoolSprings Galleria, a nearly 1.2 million-square-foot regional shopping mall in metro Nashville. The buyer, Charleston-based Greystar, plans to develop a Class A, 351-unit apartment community with 15,000 square feet of ground-floor retail space on the site, which was previously an underutilized parking lot. Greystar plans to break ground immediately and deliver the community in approximately two years. Built in 1991, CoolSprings Galleria is located at 1800 Galleria Blvd. in Franklin, about 15 miles south of downtown Nashville. According to CBL, the mall has 150 total stores, including department stores Belk, Dillard’s, JCPenney, Macy’s and Primark. Other stores include Apple, Barnes & Noble, Chili’s, Duluth Trading Co., H&M, Hot Topic, LEGO, L.L. Bean (soon to open), Spencer’s, Taco Bell, Target and Urban Air Adventure Park.

June 25, 2026

Acquisitions Industrial Southeast Tennessee

Manova Partners Acquires 306,280 SF Industrial Facility in Portland, Tennessee

by John Nelson June 25, 2026

PORTLAND, TENN. — Manova Partners has acquired Gateway 65, a 306,280-square-foot industrial facility located along Vaughn Parkway in Portland, about 39 miles north of Nashville in Robertson County. The seller and sales price were not disclosed, but the property was listed on the website of local developer OTN Group. The facility features 36-foot clear heights, 10 loading doors (expandable to 45) and 4,500 amps of power. Built in 2025, the property is the North American headquarters of a global manufacturer of industrial guarding and safety solutions. The unnamed tenant occupies the facility on a 10-year lease, according to Manova Partners. The company was not disclosed, but local media outlets report that the tenant is Swedish-based Troax Group.

June 25, 2026

Development Mixed-Use Southeast Tennessee

Partnership to Launch $280M Mixed-Use Entertainment District Surrounding Neyland Stadium in Knoxville

by John Nelson June 23, 2026

KNOXVILLE, TENN. — A public-private partnership between the University of Tennessee and a newly formed development platform comprising Arctos, RVX Ventures and Magellan Development Group will soon begin the development of Neyland Entertainment District, a $280 million mixed-use village surrounding Neyland Stadium, the home football arena of the University of Tennessee. The waterfront development in Knoxville will feature approximately 100,000 square feet of entertainment space alongside a 24-story hotel and residences, along with a private members club. Arctos is the majority equity investor in the project and is participating as a general partner alongside a sponsor team led by RVX, Magellan and Dixon Greenwood. The construction timeline was not disclosed, but Knoxville News Sentinel reports that construction is expected to begin this summer and include the overhaul of the G10 parking garage, which is a hub of parking and tailgating on game days. The media outlet also reported that the University of Tennessee System Board of Trustees approved a 99-year lease for the development in early May.

June 23, 2026

Development Industrial Southeast Tennessee

MYCON, Hamilton Creek Break Ground on 318,250 SF Industrial Facility in Nashville

by Abby Cox June 22, 2026

NASHVILLE, TENN. — A partnership between MYCON General Contractors and Hamilton Creek Partners has broken ground on Airpark East Phase II, a 318,250-square-foot industrial facility located within Airpark Commerce Center in Nashville. Airpark East Phase II will span two buildings comprising 138,250 square feet and 180,000 square feet. The buildings are expected to be delivered in the first quarter of 2027. Airpark East Phase II follows the development of Airpark Phase I, a 204,500-square-foot logistics center previously completed by MYCON.

June 22, 2026

Acquisitions Civic Southeast Tennessee

Convention Center Authority Acquires Adjacent Parking Garage Site in Downtown Nashville for $52M

by John Nelson June 11, 2026

NASHVILLE, TENN. — The Convention Center Authority of Metro Government of Nashville & Davidson County has purchased the former Estes Kefauver Federal Building parking garage site, which sits one block from Music City Center in downtown Nashville. The U.S. General Services Administration (GSA) sold the 1.3-acre site at 811 McGavock St. for approximately $52 million. The land purchase comes one year after a feasibility study showed that Music City Center, the 2.1 million-square-foot convention center that opened in May 2013, was losing business due to space limitations and availability constraints. The existing convention center offers 353,000 square feet of exhibit hall space, two ballrooms, 60 meeting rooms and a covered parking garage with 1,800 spaces. The study recommended an expansion of 587,000 square feet to meet current and future demand. “Finding that much space on one lot in close proximity to our building is tough, if not impossible, so we’ll likely have to build on multiple sites,” said Charles Starks, president and CEO of the Convention Center Authority. “This property is a great start toward that end, as we continue to look at property around us.” Site selection is the next step in expansion exploration for Music City Center, according …

June 11, 2026

Acquisitions Industrial Southeast Tennessee

Brennan Investment Group Acquires 202,000 SF Manufacturing Facility Near Knoxville, Tennessee

by Abby Cox June 5, 2026

VONORE, TENN. — Brennan Investment Group has acquired a 202,000-square-foot manufacturing facility located in the East Tennessee city of Vonore, about 35 miles south of Knoxville. The seller and sales price were not disclosed. The facility is fully leased to Commercial Vehicle Group (CVG), a global manufacturer of commercial vehicle systems, under a new 20-year absolute net lease. The facility is one of two seating manufacturing plants operated by CVG in the United States. Situated on roughly 42 acres, the property offers access to I-75, I-40, McGhee Tyson Airport and the Port of Tellico.

June 5, 2026

Acquisitions Loans Multifamily Southeast Tennessee

Red Oak Capital Provides $7.7M Acquisition Loan for Multifamily Community in Memphis

by John Nelson June 4, 2026

MEMPHIS, TENN. — Red Oak Capital Holdings has provided a $7.7 million loan for the acquisition and repositioning of Valley Forge Apartments, a 229-unit multifamily community located at 176 Hillview Ave. in Memphis. Valley Forge features 26 garden-style buildings comprising 171 two-bedroom units, 57 three-bedroom apartments and one one-bedroom unit across 15 acres. The property was 95.6 percent occupied at the time of financing. The borrower, I Real Estate and Allstate Property Management, plans to carry out repairs, capital improvements and security upgrades on the property. Red Oak Capital’s Stratos Athanassiades, Thomas Gorski and James Myatt originated the loan on behalf of the borrower. The loan carries an initial 18-month term and a loan-to-stabilized value of 71.9 percent.

June 4, 2026

Acquisitions Industrial Southeast Tennessee

Colliers Brokers $140M Sale of Industrial Facility in Cookeville, Tennessee

by John Nelson May 27, 2026

COOKEVILLE, TENN. — Colliers has brokered the $140 million sale of a 1.6 million-square-foot industrial facility located at 4500 Academy Road in Cookeville, about 75 miles east of Nashville via I-40. The name of the tenant was not disclosed, but the property was developed in 2015 as a build-to-suit for Academy Sports + Outdoors, which services 84 stores across 14 states from the fulfillment center. Tratt Properties acquired the property from Middleton Partners. Ken Hedrick, Andrew Ragsdale, Phillip Butts, Jonathan Ameen, Will Smith and Spencer Smith of Colliers represented both the buyer and seller during the transaction.

May 27, 2026

Acquisitions Retail Southeast Tennessee

Matthews Negotiates Sale of 10,031 SF Retail Center in Clarksville, Tennessee

by John Nelson May 27, 2026

CLARKSVILLE, TENN. — Matthews has negotiated the sale of Shops of Wilma Rudolph, a 10,031-square-foot, unanchored retail center located at 3031 Wilma Rudolph Blvd. in Clarksville, about 46 miles northwest of Nashville via I-24. A private investor based in north Alabama purchased the center from the seller, a development firm based in Tennessee, in a 1031 exchange for more than $5 million. Both parties requested anonymity. Hutt Cooke and Robert Tate of Matthews represented the seller in the transaction. Shops of Wilma was fully leased at the time of sale to Sleep Number, FedEx Office and a U.S. Army Recruiting Station, all of which operate on triple-net leases.

May 27, 2026

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