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IPA Brokers Sale of 192-Unit Apartment Community in Metro Nashville

John Nelson — Wed, 18 Mar 2026 14:10:40 +0000

THOMPSON’S STATION, TENN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Newport Station, a 192-unit apartment community located on a 13-acre site in Thompson’s Station, a southern suburb of Nashville. David Stollenwerk, Christian Farris, Will Balthrope and Drew Garza of IPA represented the seller and procured the buyer in the transaction. The sales price was also not disclosed. Jody McKibben served as Marcus & Millichap’s broker of record in Tennessee in the deal. Completed in 2024, Newport Station features garden-style apartments averaging 1,287 square feet in size, as well as a resort-style swimming pool, fitness center and a dog park.

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Nashville’s Office Market Is Defined by Resiliency, Momentum

John Nelson — Mon, 16 Mar 2026 11:45:00 +0000

With office leasing and development, we’re always looking forward to the next big thing. Nashville’s office market is no exception to that. Sometimes no news is good news, though. That may be the case with the metro’s office development, where only four projects totaling 279,320 square feet were underway at the close of 2025 — 44.1 percent of which was preleased. At the beginning of 2020, Nashville’s construction pipeline was nearly 10 percent of its inventory size — the second-highest share out of any U.S. metro. Since then, 8.5 million square feet of office product has been delivered, and despite overlapping with a global pandemic, nearly 80 percent of it has been leased — underscoring the market’s appetite for quality office space. While that office space has not been absorbed as quickly as some had hoped, market trends and activity suggest that nearly 90 percent of it will be absorbed by the end of 2026, proving the Nashville office market’s resilience. As we approach the end of the first quarter, Nashville’s office market is off to a good start, despite some uncooperative icy weather. Although local tenants continue to lead occupancy growth, sizable multi-market requirements have continued to increase, pushing…

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

John Nelson — Wed, 11 Mar 2026 13:56:01 +0000

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.

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

Abby Cox — Mon, 09 Mar 2026 14:18:13 +0000

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.

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Nashville’s Industrial Market: A Resilient Powerhouse in 2026

John Nelson — Mon, 09 Mar 2026 11:59:00 +0000

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…

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

John Nelson — Thu, 05 Mar 2026 14:26:01 +0000

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.

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

John Nelson — Tue, 03 Mar 2026 15:28:01 +0000

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.

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Manova Partners Sells 323,927 SF Nashville West Shopping Center

Abby Cox — Mon, 02 Mar 2026 14:36:34 +0000

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.

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

John Nelson — Mon, 23 Feb 2026 15:21:46 +0000

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.

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Cushman & Wakefield Arranges Sale of 1.6 MSF National Industrial Portfolio

Abby Cox — Fri, 20 Feb 2026 12:45:00 +0000

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…

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

John Nelson — Wed, 18 Feb 2026 13:25:12 +0000

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.

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

John Nelson — Tue, 17 Feb 2026 15:10:15 +0000

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.

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Merus Acquires RiverGate Mall in Metro Nashville, Plans $450M Mixed-Use Redevelopment

John Nelson — Tue, 17 Feb 2026 12:55:00 +0000

GOODLETTSVILLE, TENN. — Merus, a design-build firm that was formerly known as Al. Neyer, has purchased RiverGate Mall, an enclosed shopping mall located at 1000 Rivergate Parkway in Goodlettsville that opened in 1971. The Cincinnati-based firm is planning to transform the 57-acre site on the northern outskirts of Nashville into a $450 million mixed-use district. Merus plans to demolish the mall this spring. In its place, the firm will develop 700 multifamily units, 100 townhomes, 80 independent seniors housing units, more than 130,000 square feet of retail and dining space and a center green and plaza for community programming. “Stepping into a site like this comes with a responsibility — not just to redevelop it, but to do it right,” says Patrick Poole, senior vice president and Nashville market leader for Merus. “Our focus is taking a property designed for a different era and reimagining it as a walkable, active district where people can live, work, gather and spend time.” Merus purchased the 514,000-square-foot mall, which is situated next to Dollar General’s global headquarters, for $33 million. Bryan Belk and John Tennant of Franklin Street represented the seller, Hendon Properties, in the transaction. Hartman Simons & Wood LLP executed legal work…

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Walker & Dunlop Arranges $371.5M in Development Financing for The Nashville Edition Hotel & Residences

John Nelson — Wed, 11 Feb 2026 15:51:05 +0000

NASHVILLE, TENN. — Walker & Dunlop Inc. has arranged $371.5 million in development financing for The Nashville Edition Hotel & Residences, a luxury mixed-use property that will be located in the heart of Nashville’s Gulch neighborhood. Positioned at 11th Avenue and Grundy Street, The Nashville Edition will comprise a 28-story tower with 261 hotel rooms and 84 for-sale residences. The project will include chef-led restaurant and bar concepts, multiple floors of amenity spaces and fully separate hotel and residential lobbies and gyms. Shared amenity offerings will include a spa, golf simulator, 8,300 square feet of combined ballroom and pre-function space, conference rooms and a rooftop pool and bar. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Ari Hirt and Michael Ianno of Walker & Dunlop’s capital markets team collaborated with Jay Morrow, Carter Gradwell and Jack Hughes of the firm’s hospitality team to arrange the financing through Madison Realty Capital and KSL Capital Partners. The borrower was Tidal Real Estate Partners, which is developing The Nashville Edition Hotel & Residences in collaboration with Left Lane Development and Marriott International. Tidal has obtained a total of $400 million in construction financing for the development.

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Simon to Invest $250M for Redevelopment of Three Malls in Nashville, Denver and Tampa

Kristin Harlow — Wed, 04 Feb 2026 13:00:00 +0000

INDIANAPOLIS — Indianapolis-based mall owner Simon Property Group (NYSE: SPG) has unveiled plans to invest more than $250 million for the redevelopment of The Mall at Green Hills in Nashville, Cherry Creek Shopping Center in Denver and International Plaza in Tampa. Simon acquired the three properties in November 2025 as part of its purchase of the remaining 12 percent interest in The Taubman Realty Group LP that it did not already own. The $250 million investment reflects Simon’s focus on mall redevelopments to create modern environments that cater to today’s shopper, according to Eli Simon, the company’s chief operating officer. He says the redevelopment projects will mimic the recently completed transformation of Southdale Center in Minneapolis. The Mall at Green Hills will undergo a complete transformation and exterior revitalization featuring two-story flagship entrances, jewel-box spaces for luxury boutiques, new landscaping and “elevated arrival moments.” The interior will receive upscale finishes and architectural enhancements. The 1 million-square-foot mall opened in 1955 under the moniker Green Hills Village. Cherry Creek Shopping Center will receive modernized flagship spaces, refined architectural updates and upgraded storefronts. The enclosed mall, which officially opened in 1990, dates back to the 1950s when it was an open-air mall.…

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Newmark Arranges $690M Refinancing for West Shore’s Multifamily Portfolio in Sun Belt

John Nelson — Tue, 03 Feb 2026 15:46:54 +0000

BOSTON — Newmark has arranged a $690 million CMBS loan for the refinancing of a 13-property, 4,077-unit multifamily portfolio in the Sun Belt. The borrower, Boston-based West Shore, is refinancing properties in five Florida cities — Daytona Beach, Gainesville, Melbourne, Ocala and Tallahassee — as well as Columbia and Lexington, S.C.; Knoxville, Tenn.; and Bryan, Texas. Purvesh Gosalia arranged the cash-out, single-asset single-borrower (SASB) refinancing through Citi. The transaction represents the largest multifamily closing in the United States year-to-date, according to Newmark.

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AJ Capital Obtains $475M Construction Loan for Mixed-Use Redevelopment in Nashville

John Nelson — Wed, 28 Jan 2026 15:57:30 +0000

NASHVILLE, TENN. — AJ Capital Partners has obtained a $475 million construction loan for Belle Meade Village, a 15.5-acre retail and residential village underway in Nashville. Located on the border of Belle Meade, Tenn., the project is a redevelopment of an under-utilized shopping center. Raymond James Real Estate Investment Banking arranged the financing through Barings on behalf of AJ Capital. Belle Meade Village will feature 1 Iris Lane, The Residences at Belle Meade Village, which are a pair of two 46-unit condominium buildings. The condos have a starting price of $3 million and come in one- to four-bedroom layouts. Residents have access to 16,000 square feet of amenity space, including high-end fitness and wellness features and private wine and cigar rooms, among other attractions. The project also includes a five-acre private park and a central courtyard space with an antique carousel surrounded by a seven-building retail village that will feature local and global brands, a private members’ club and a boutique hotel. AJ Capital broke ground on Belle Meade Village last October, with plans to wrap up construction by 2028. The design-build team includes Meyer Davis (interior design for 1 Iris Lane), Brasfield & Gorrie (general contractor), Barge Civil Associates…

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Marcus & Millichap Arranges Sale of 86,584 SF Store in Knoxville Leased to Kohl’s

John Nelson — Wed, 28 Jan 2026 15:54:15 +0000

KNOXVILLE, TENN. — Marcus & Millichap has arranged the sale of an 86,584-square-foot store located at 5312 Washington Pike in Knoxville. Kohl’s has fully occupied the freestanding building on a triple-net lease since it was constructed in 1997. A Sephora store-within-a-store was added to the Kohl’s in 2023. The property is situated on 32.7 acres about eight miles from downtown Knoxville and the University of Tennessee. Andrew Antoniou and Dominic Sulo of Marcus & Millichap’s Chicago/Oak Brook office represented the undisclosed seller in the transaction. Jody McKibben served as Marcus & Millichap’s Tennessee broker of record for the deal. The buyer, a locally based investor, purchased the store for an undisclosed price.

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Avison Young Arranges $6M Sale of Office Building in Suburban Nashville

Abby Cox — Mon, 26 Jan 2026 13:01:00 +0000

BRENTWOOD, TENN. — Avison Young has arranged the sale of 110 Westwood Place, a 24,000-square-foot office building located in Brentwood, a southern suburb of Nashville. Brents Herron of Charles Hawkins Co. represented the buyer and future tenant, Civil Constructors, in the transaction. Lisa Maki, Mike Jacobs and Jordan Powell of Avison Young represented the seller, Lawrence Bank. Civil Constructors will relocate its operations from Franklin, Tenn., to occupy the entire two-story building.

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Hilco Provides $47.5M Construction Loan for Mixed-Use Development in Chattanooga

John Nelson — Wed, 21 Jan 2026 15:04:26 +0000

CHATTANOOGA, TENN. — Hilco Global Real Estate Capital has provided a $47.5 million loan to Urban Story Ventures to support the recapitalization and continued development of The Bend, a 100-acre mixed-use development underway in Chattanooga. Plans for the project, which will feature more than 3,000 linear feet of frontage along a bend of the Tennessee River, include approximately 1,700 residential units; 1.1 million square feet of office space; 1.2 million square feet of dining, shops and service retailers; 600 hotel rooms; entertainment and cultural venues; and a 300-slip marina. The Bend will be supported by public infrastructure investment through a public-private partnership structure between Urban Story Ventures and The City of Chattanooga. Jimmy White, president of Urban Story Ventures, says that the development has nearly $1 billion in potential investments in the works. The construction timeline for the project was not released.

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