SWEETWATER, TENN. — The Hollingsworth Cos. plans to break ground on SouthPoint Business Park, a 150-acre industrial park in Sweetwater, a city in East Tennessee located in Monroe and McMinn counties. The park will be situated off I-75 on Exit 60 and comprise 12 single-tenant industrial facilities. The first phase features two buildings that are being built on a speculative basis and are set for completion in 2027. The Hollingsworth Cos. is headquartered in Clinton, Tenn., and has developed several SouthPoint-branded business parks across the Southeast. The developer will hold an official groundbreaking ceremony on Monday, Oct. 19 along with U.S. Sen. Bill Hagerty (R-Tenn.), U.S. Sen. Marsha Blackburn (R-Tenn.) and Congressman Chuck Fleischmann (R-Tenn.). An entity doing business as Sweetwater Development LLC is listed as the “property developer” for SouthPoint Business Park, while Hollingsworth is serving as the “facility developer.”
CHATTANOOGA, TENN. — Hunter Advisors has arranged the sale of two hotels in Chattanooga: Residence Inn by Marriott Chattanooga and TownePlace Suites by Marriott Chattanooga. CN Hotels purchased the two hotels from an undisclosed institutional seller. The sales price was also not disclosed. Tim Osborne of Hunter brokered the transaction. The hotels total 196 rooms and are both situated off I-75 near Hamilton Place mall on the city’s east side. The 109-room Residence Inn was built in 2009 and features approximately 7,959 square feet of meeting space, and the 87-room TownePlace Suites was built in 2012.
FRANKLIN, TENN. — JLL Capital Markets has arranged the sale of Southside at McEwen, a 92,470-square-foot retail center located in Franklin, roughly 20 miles south of downtown Nashville. Jim Hamilton, Brad Buchanan and John Perry Hilton of JLL represented the seller, New York City-based Nuveen Real Estate, in the transaction. Dallas-based Lincoln Property Co. served as the investment advisor for the buyer, a high net-worth family office. The sales price was not disclosed. Whole Foods Market anchors Southside at McEwen, which was built in 2012 on approximately 10.5 acres. The fully leased center features a mix of additional tenants such as lululemon, Flower Child, Solidcore, BrickTop’s, Kendra Scott, Fab’rik and PNC Bank.
ORLANDO, FLA. AND KNOXVILLE, TENN. — Subtext has completed two student housing developments in Florida and Tennessee. Projects include VERVE Orlando, a 626-bed community located at 3133 N. Alafaya Trail near the University of Central Florida campus in Orlando; and EVER Knoxville, a 498-bed property located at 1919 Lake Ave. near the University of Tennessee campus in Knoxville. VERVE Orlando spans 446,078 square feet and offers 200 units in studio through five-bedroom configurations. Shared amenities include a 24-hour fitness center, dedicated yoga room and wellness suite with sauna and meditation rooms; a courtyard pool; outdoor green space with fire pits and grilling stations; a karaoke lounge; golf simulator; speakeasy with arcade games; study lounge with private and group study pods, an outdoor study breezeway and a podcast and content creation room; lobby coffee bar; and a pet spa. VERVE Orlando was developed in partnership with FrontRange Capital Partners and Nuveen Real Estate. Financing was provided by Simmons Bank. Additional members of the development team included Dwell Design Studio, ESG Architecture & Design, Kimley-Horn and Associates and Live Oak Contracting. The 14-story EVER Knoxville development spans 329,294 square feet and offers 136 units in one- through-five-bedroom configurations. Shared amenities include a …
NASHVILLE, TENN. — BWE has arranged a $42.5 million loan to refinance the historic Baggage Building, a 61,000-square-foot office and retail property located at 111 10th Ave. S near Nashville’s Gulch district. Nick Harb of BWE secured the financing through a regional bank on behalf of the borrower, DZL Properties. The loan features a “meaningful” interest-only payment period. The Baggage Building was originally built between 1898 and 1900 as part of the Louisville-Nashville Railroad/Union Station terminal complex used to handle luggage and freight. Renovated in 1999, tenants at the four-story property include Pinnacle Bank, The Finch Grill & Raw Bar and Global Medical Research.
LEBANON, TENN. — Lincoln Property Co. has purchased Park 109, a four-building industrial park in metro Nashville spanning 377,529 square feet. Built in 2022, the property comprises four multi-tenant, shallow-bay distribution buildings on 32.8 acres along Tenn. Highway 109 in Lebanon, about 30 miles east of Nashville. Gary Kobus, Jacob Emery, Tyler Jones and Lane Baker represented the Dallas-based buyer in the transaction internally. The seller and sales price were not disclosed. Park 109 was fully leased at the time of sale.
DICKSON, TENN. — The Clear Blue Co. has broken ground on Honeywood Dickson, a 228-unit affordable housing community located at 841 Cowan Road in Dickson, about 40 miles west of Nashville. The property will feature one- to four-bedroom homes reserved at 30, 60 and 80 percent of the area median income (AMI). The $88.1 million project is being advanced through collaboration among Clear Blue, HUD, the City of Dickson, Dickson County, the Tennessee Housing Development Agency (THDA), Regions Bank, the Dickson Housing Authority and other public and private partners. Regions Real Estate Capital Markets provided a Freddie Mac loan for the project, and Regions Affordable Housing provided construction and equity bridge loans and made an equity investment in the project’s 4 percent LIHTC allocation by the THDA. The Health and Educational Facilities Board of the City of Dickson authorized the issuance of up to $48 million in tax-exempt bonds that were underwritten by Raymond James National Housing Group. Additionally, the Dickson Housing Authority will provide development-based vouchers for 60 homes. The design-build team includes architect Studio A Architecture and general contractor BACAR Constructors. Clear Blue plans to deliver first units at Honeywood Dickson next fall and fully deliver the property in …
NASHVILLE, TENN. — Blackfin Real Estate Investors LLC and Enterprise Community Partners plan to acquire Brookridge Apartments, a 177-unit community located at 100 Brookridge Trail in Nashville. The seller and sales price were not disclosed. Enterprise is acquiring its equity stake in the venture via its Enterprise Preservation Fund VI. Situated on the city’s south side, Brookridge Apartments is a garden-style property that was delivered in 1986 and comprises primarily two-bedroom apartments with units averaging 1,023 square feet in size.
GALLATIN, TENN. — GBT Realty Corp. plans to develop The Crossroads of Gallatin, a nearly 300,000-square-foot shopping center located in Gallatin, a middle Tennessee city approximately 30 miles northeast of Nashville. Current development plans include roughly 30,000 square feet of divisible shop space, multiple large-format retail spaces ranging up to 55,000 square feet and six outparcels. The Brentwood, Tenn.-based developer is currently in discussion with multiple dining, retail, health and fitness and service-based retailers and restaurants. Further details of the project were not disclosed. Upon full build-out, The Crossroads of Gallatin will be the largest shopping destination constructed in the Nashville MSA since 2015, according to GBT Realty.
NASHVILLE, TENN. — Brennan Investment Group has broken ground on a 210,000-square-foot speculative industrial facility in the historic Whites Creek neighborhood of Nashville. The building is expected to be completed in the second quarter of 2027. Situated on 17 acres, the rear-load building will feature 260-foot depths, ample trailer and car parking spaces, 32-foot clear heights, an ESFR sprinkler system, concrete tilt-wall construction and the ability to accommodate up to five tenants.
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