Tennessee

Lincoln, Principal Purchase Land Near Nashville Airport, Plan 167,133 SF Industrial Project

by John Nelson March 11, 2026

NASHVILLE, TENN. — Lincoln Property Co. and Principal Asset Management have purchased a 13.5-acre site at 41 Rachel Road in Nashville. The buyers plan to develop Skybridge 40, a two-building, 167,133-square-foot industrial project at the site, which is located directly across I-40 from Nashville International Airport. Demolition at the site recently concluded and sitework is underway. The co-developers plan to deliver Skybridge 40 by the end of the year or early 2027. The design-build team includes Catamount Constructors (general contractor), Alliance Architects (architect) and Kimley-Horn (civil engineer). Lincoln and Principal have selected John Ward and Abigal Rieck of Cushman & Wakefield to lease the industrial project, which will comprise a 100,597-square-foot building and a 66,536-square-foot building.

March 11, 2026

Acquisitions Multifamily Southeast Tennessee

Fogelman, Thackeray Purchase 200-Unit Apartment Complex in Germantown, Tennessee

by Abby Cox March 9, 2026

GERMANTOWN, TENN. — A joint venture between locally based Fogelman Properties and Dallas-based Thackeray Partners has acquired The Vineyards, a 200-unit luxury apartment complex located in Germantown, roughly 21 miles southeast of Memphis. The seller and sales price were not disclosed. This transaction marks the 18th acquisition for the Fogelman-Thackeray partnership, which comprises more than 4,000 units. Built in 1997, The Vineyards offers one-, two- and three-bedroom apartments ranging in size from 778 to 1,661 square feet, according to Apartments.com. Amenities at the property include a fitness center, business center, clubhouse, swimming pool, picnic area and onsite maintenance, as well as walking and biking trails. Fogelman plans to renovate unit interiors, build a new pickleball court and enhance the clubhouse, fitness center, grilling pavilion and pool areas. The property, which was 93 percent occupied at the time of sale, is managed by Fogelman.

March 9, 2026

Industrial Market Reports Southeast Southeast Market Reports Tennessee

Nashville’s Industrial Market: A Resilient Powerhouse in 2026

by John Nelson March 9, 2026

As Nashville closes out 2025, the industrial market has solidified its reputation as a resilient powerhouse in the Southeast. With record investment volumes exceeding $2.2 billion and vacancy rates remaining well below national averages, the Nashville MSA continues to attract distributors, manufacturers, and data center-related businesses. This robust performance reflects a recalibration from pandemic-era highs while maintaining durable demand, setting the stage for balanced growth in 2026. Trends shaping the market Several macroeconomic trends are influencing Nashville’s industrial landscape. Nearshoring/onshoring and supply chain diversification have heightened the city’s appeal as a logistical hub. It is important to note that Nashville is strategically located within a day’s drive of over half the U.S. population. Locally, job growth has outpaced the national average, with Oxford Economics reporting a 1.1 percent increase in 2025, bolstered by gains in manufacturing, logistics and retail. Notably, Moody’s Analytics highlights transportation equipment manufacturing as a key driver, as automakers increase domestic production to mitigate tariffs. Further enhancing Nashville’s logistical capabilities, the planned expansion of air freight capacity at Nashville International Airport in 2027 is poised to solidify the region’s role in cargo throughput, supported by a robust highway network and a growing labor force. Despite broader economic …

March 9, 2026

Acquisitions Industrial Loans Southeast Tennessee

CBRE Arranges $58M Acquisition Financing for Industrial Portfolio in Metro Nashville

by John Nelson March 5, 2026

GOODLETTSVILLE AND SMYRNA, TENN. — CBRE has arranged $58 million in acquisition financing for a last-mile industrial portfolio in metro Nashville spanning more than 600,000 square feet. Mike Ryan, Richard Henry, J.P. Cordeiro and Taylor Crowder of CBRE’s Debt & Structured Finance team arranged the financing through Starwood on behalf of the borrower, Raith Capital Partners. The properties in the portfolio include: 300 Oak Bluff Lane in Goodlettsville (207,080 square feet); 100 Northfork Lane in Goodlettsville (67,000 square feet); 200 Northfork Lane in Goodlettsville (100,500 square feet); and 801 Swan Drive in Smyrna (229,504 square feet). Delivered between 1993 and 1998, the properties were fully leased at the time to five tenants and feature clear heights ranging from 24 to 30 feet.

March 5, 2026

Acquisitions Seniors Housing Southeast Tennessee

Clarion Partners Fund Acquires 126-Unit Seniors Housing Facility in Franklin, Tennessee

by John Nelson March 3, 2026

FRANKLIN, TENN. — New York-based Clarion Partners, via the Clarion Partners Real Estate Income Fund Inc., has purchased Vitality Living Franklin, a 126-unit seniors housing facility located at 1035 Fulton Greer Lane in Franklin, about 20 miles south of Nashville. The property was built in 2014, renovated in 2023 and features independent living, assisted living and memory care residences. Locally based Vitality Living operates the community, which is situated three miles from Williamson Medical Center. Clarion Partners, a real estate affiliate of Franklin Templeton, is a relative newcomer to the senior living sector, having acquired its first seniors housing property last year in Mechanicsville, Va. Last month, the company hired two new executives from Ventas Inc., Tim Olivos and Natalie Wynn, to join Clarion’s growing healthcare platform.

March 3, 2026

Acquisitions Retail Southeast Tennessee

Manova Partners Sells 323,927 SF Nashville West Shopping Center

by Abby Cox March 2, 2026

NASHVILLE, TENN. — Manova Partners, an international independent real estate firm headquartered in Munich, has sold Nashville West Shopping Center, a 323,927-square-foot, super-regional shopping center in Nashville near Vanderbilt University. Chris Decoufle, Kevin Hurley, Matt Karempelis of CBRE marketed the property on behalf of the seller. The buyer and sales price were not disclosed. Situated at the intersection of I-40 and Charlotte Pike, Nashville West was built in phases from 2007 to 2008 and comprises six single-story buildings across 31 acres. Tenants at the center, which was 98 percent leased at the time of sale, include Dick’s Sporting Goods, Best Buy, Ross Dress for Less, Marshalls, Cost Plus World Market, Old Navy, DSW and Books-A-Million. Costco, Target and Publix shadow-anchor the center.

March 2, 2026

Acquisitions Seniors Housing Southeast Tennessee

BWE Arranges Sale of 100-Unit Seniors Housing Community in Metro Nashville

by John Nelson February 23, 2026

GALLATIN, TENN. — BWE has arranged the sale of The Capstone at Station Camp, a 100-unit assisted living and memory care facility located at 108 Miss B Blvd. in Gallatin, about 30 miles northeast of Nashville. Charley Bissell, Ryan Stoll and Taylor Mokris of BWE represented the seller, Hunt Midwest, in the transaction. BWE also arranged acquisition financing through a regional bank on behalf of the buyer, an unnamed healthcare investment firm based in Texas. The sales price and loan amount were not disclosed. TerraBella Senior Living operates The Capstone at Station Camp.

February 23, 2026

Acquisitions California Industrial Tennessee Texas Top Stories Utah

Cushman & Wakefield Arranges Sale of 1.6 MSF National Industrial Portfolio

by Abby Cox February 20, 2026

DALLAS — Cushman & Wakefield has arranged the sale of a national portfolio of seven industrial buildings totaling 1.6 million square feet. The buildings are located across Texas, California, Utah and Tennessee. An unnamed institutional owner purchased the portfolio. The seller and sales price were also not disclosed. Properties in the recently acquired industrial portfolio include Valwood A (201,354 square feet), Valwood C (134,266 square feet) and Valwood D (127,620 square feet) in Carrollton, Texas (part of the Dallas MSA); Chino Distribution Center (409,930 square feet) in Chino, Calif.; Salt Lake Distribution Center I (190,000 square feet) and Salt Lake Distribution Center II (190,000 square feet) in Salt Lake City; and Elam Farms Distribution Center II (363,500 square feet) in Murfreesboro, Tenn. The buildings were constructed in the mid-2000s and were collectively 97 percent leased at the time of sale to a mix of national and regional tenants. The properties feature ESFR fire sprinkler systems, average clear heights of 30 feet, expansive truck courts, concrete tilt-up construction and ample parking. The national industrial advisory group at Cushman & Wakefield that arranged the sale consisted of Jim Carpenter, Adam Pastor, Robby Rieke, Emily Brandt, Jeff Chiate and Casey Masters. “This transaction vividly …

February 20, 2026

Acquisitions Build-to-Rent Development Multifamily Single-Family Rental Southeast Tennessee

Trilogy Investment Acquires 109-Unit Build-to-Rent Development in Lakeland, Tennessee

by John Nelson February 18, 2026

LAKELAND, TENN. — Trilogy Investment Co. has closed on the purchase of Willows Townhomes, a 109-unit build-to-rent (BTR) residential community planned at 9942 Geneva St. in Lakeland. The Alpharetta, Ga.-based investment firm has rebranded the property as REV3 at Garner Lake. The land seller and sales price were not disclosed. Trilogy plans to break ground on REV3 at Garner Lake this month and deliver the first tranche of homes by the end of the year. All units will feature attached garages and come in three- and four-bedroom configurations ranging in size from 1,657 to 1,866 square feet. Builders Capital is serving as Trilogy’s joint venture partner and equity capital provider for the project. REV3 at Garner Lake is situated within Lake District, a 160-acre master-planned redevelopment of the former Belz Factory Outlet Mall in metro Memphis.

February 18, 2026

Affordable Housing Development Multifamily Southeast Tennessee

Public-Private Partnership Underway on 278-Unit Mixed-Income Residential Development in Chattanooga

by John Nelson February 17, 2026

CHATTANOOGA, TENN. — A public-private partnership between The Atlantic Cos., the City of Chattanooga and American South Capital Partners has broken ground on 702 Manufacturers Road, a 278-unit mixed-income residential development along the Tennessee River in Chattanooga. The project is the first to utilize the City of Chattanooga’s affordable housing PILOT program, which ensures that 15 percent of the units (42 in total) will have income restrictions affordable to the city’s workforce housing residents. Ameris Bank and American South Capital Partners are providing construction financing for the development, which Patterson Real Estate Advisory Group arranged. Set for completion in late 2027, 702 Manufacturers Road will offer a mix of studio, one- and two-bedroom floorplans, as well as a sky lounge and terrace and direct access to the river. The project team includes Brock Hudgins Architects, Kimley-Horn and McShane Construction Co.

February 17, 2026

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