Tennessee Archives - REBusinessOnline

Constellation Breaks Ground on 352,620 SF Industrial Project in Goodlettsville, Tennessee

John Nelson — Wed, 07 Jan 2026 14:44:15 +0000

GOODLETTSVILLE, TENN. — Constellation Real Estate Partners has purchased 39 acres at 2186 and 2220 Ted Dorris Road in Goodlettsville, about 14 miles north of Nashville via I-65. The Dallas-based developer recently broke ground on a two-building, 352,620-square-foot speculative industrial project on the site dubbed Constellation Goodlettsville 65. Constellation plans to deliver the properties by the end of the year. Jim Rodrigues and Chanley Ritter of Lee & Associates are leading the leasing efforts for the property, which will feature 32- and 36-foot clear heights, 300 car parking spaces, a 1.7-acre fenced and paved trailer storage yard that can accommodate 71 trailers and immediate access to the I-65/Bethel Road interchange.

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Cushman & Wakefield Arranges $76M Refinancing for Apartment Community in Murfreesboro, Tennessee

John Nelson — Tue, 23 Dec 2025 15:39:09 +0000

MURFREESBORO, TENN. — Cushman & Wakefield has arranged a $76 million loan for the refinancing of Overall Creek Apartments, a 384-unit multifamily community located at 5150 Jack Byrnes Drive in Murfreesboro, about 33 miles southeast of Nashville. John Alascio, Chuck Kohaut and Chris Meloni of Cushman & Wakefield arranged the loan through PCCP on behalf of the borrower, Denholtz, a private investment management firm based in Red Bank, N.J. Built in 2020, Overall Creek was 94 percent occupied at the time of financing. The property offers one-, two- and three-bedroom residences averaging 1,057 square feet in size, as well as a courtyard with a pool and grill stations, fire pits, a dog park, hydro massage room, tanning bed, business center and a fitness center.

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Wood Partners to Break Ground on 328-Unit Alta Beacon Apartment Community in Nashville

Abby Cox — Fri, 19 Dec 2025 15:38:30 +0000

NASHVILLE, TENN. — Wood Partners is set to break ground on Alta Beacon, a 328-unit apartment complex located in Nashville. Construction will begin next month, with the first units scheduled for delivery in the second quarter of 2026. Situated on the edge of the city’s Wedgewood-Houston neighborhood, the wrap-style community will feature a mix of studio, one- and two-bedroom floorplans and will span five stories. Amenities at Alta Beacon will include a clubhouse, fitness center, resort-style swimming pool, indoor sky deck with a large exterior deck, dog yards, pet spa and gate-protected structured parking.

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Newmark Arranges $51M Refinancing for Virgin Hotels Nashville

John Nelson — Thu, 18 Dec 2025 16:14:09 +0000

NASHVILLE, TENN. — Newmark has arranged a $51 million loan for the refinancing of Virgin Hotels Nashville, a 14-story hotel located at 1 Music Square W in Nashville’s Music Row district. Jordan Roeschlaub, Nick Scribani, Tyler Dumon, Holden Witkoff and Tate Keir of Newmark arranged the loan through Apollo. The borrower, Virgin Group, opened the 262-room hotel in July 2020. Virgin Hotels Nashville features multiple food-and-beverage eateries, including a rooftop bar, speakeasy and a signature restaurant with indoor and outdoor dining space. Other features include a rooftop pool with private cabanas, a fitness center and more than 15,000 square feet of meeting and event space.

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CBRE Arranges $181.5M Refinancing for Finery Mixed-Use Development in Nashville

John Nelson — Wed, 17 Dec 2025 14:34:45 +0000

NASHVILLE, TENN. — CBRE has arranged three loans totaling $181.5 million for the refinancing of The Finery, a mixed-use development in Nashville’s Wedgewood-Houston neighborhood that comprises The Residences at The Finery and the adjacent T3 Wedgewood Houston office building. Mike Ryan, Brian Linnihan, Richard Henry, Blake Cohen, J.P. Cordeiro and Taylor Crowder of CBRE arranged the loans on behalf of the borrowers, Hines and Peakline Partners. Oxford Properties Group provided an $118 million loan for The Residences at The Finery, and Tishman Speyer provided a $17.5 million mezzanine loan behind Blue Owl’s $46 million loan for the T3 office building.

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Boyle Investment Acquires 156,000 SF Woodmont Centre Offices in Nashville

John Nelson — Wed, 17 Dec 2025 14:19:10 +0000

NASHVILLE, TENN. — Boyle Investment Co. has acquired Woodmont Centre, a two-building office park located at 102 and 104 Woodmont Blvd. in Nashville. The property is situated at near I-440 on the outskirts of the city’s Belle Meade neighborhood. The complex comprises a nine-story office building and a five-story office building connected by a shared lobby, along with a multi-level parking garage accommodating approximately 500 vehicles. The undisclosed seller began capital improvements to Woodmont Centre that Boyle Investment plans to complete. The sales price was not disclosed.

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Cushman & Wakefield Commercial Advisors Negotiates Sale of 169,272 SF Industrial Facility in Memphis

John Nelson — Tue, 16 Dec 2025 14:27:33 +0000

MEMPHIS, TENN. — Cushman & Wakefield Commercial Advisors has negotiated the sale of a 169,272-square-foot industrial facility located at 4481 Distriplex Cove in Memphis. Olymbec USA LLC, a division of Montreal-based industrial owner Olymbec, purchased the property from tire manufacturer and distributor China Manufacturers Alliance LLC (CMA LLC) for an undisclosed price. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the seller in the transaction, and Brian Califf of NAI Saig represented the buyer.

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Trinitas Ventures, Millstone to Deliver 320-Unit Multifamily Community Near Knoxville, Tennessee

Abby Cox — Mon, 15 Dec 2025 14:47:44 +0000

FARRAGUT, TENN. — Indiana-based Trinitas Ventures and Millstone have plans to deliver Laster Farms at Turkey Creek, a 320-unit multifamily community located in the Knoxville suburb of Farragut. Millstone will serve as the general contractor for the project. The $80 million development will comprise 240 apartments and 80 townhomes with one-, two- and three-bedroom floorplans. Amenities at the complex will include a clubhouse, fitness center, resort-style swimming pool, golf simulator, outdoor lounge areas and entertainment lawns. Monthly rental rates are expected to range from $1,800 to $2,800.

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Bradford Allen Acquires 193-Room TownePlace Suites Hotel in Nashville

Abby Cox — Fri, 12 Dec 2025 15:49:12 +0000

NASHVILLE, TENN. — Bradford Allen has acquired TownePlace Suites Nashville Midtown, a 193-room hotel located near Vanderbilt University in Nashville’s Midtown neighborhood. Opened in 2021, the 10-story hotel features a fitness center, onsite parking, meeting space and a rooftop lounge with grilling stations. The hotel’s studio guest suites also offer full kitchens and oversized living, work and sleep areas. Additionally, a convenience store and the hotel’s 60-seat restaurant and bar are located adjacent to the fifth-floor sky lobby. The first floor also includes two retail spaces, which are leased to Subway and Takumi, a Japanese restaurant scheduled to open in first-quarter 2026. Ron Danko and James Maher of CBRE represented the seller, 3H Group, in the transaction. The sales price was not disclosed.

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Tidal Real Estate Receives $400M in Construction Financing for Nashville Edition Hotel & Residences

Abby Cox — Fri, 12 Dec 2025 12:45:00 +0000

NASHVILLE, TENN. — Tidal Real Estate Partners has received $400 million in construction financing for The Nashville Edition Hotel & Residences, a 28-story mixed-use tower that is under construction in the state capital’s Gulch district. The project will comprise 261 hotel rooms and 84 condos. Tidal is developing The Nashville Edition Hotel & Residences in collaboration with Left Lane Development and Marriott International. The project team also includes architecture firms ESa and INC Architecture & Design, as well as Corcoran Reverie of Corcoran Sunshine Marketing Group. The construction financing, which includes both debt and equity, was provided by affiliates of KSL Capital Partners, Madison Realty Capital, Newbond Holdings and affiliates of the developer. “The Nashville Edition is the type of design-forward, experiential project that elevates an entire neighborhood, and this financing reflects our conviction in both the long-term strength of The Gulch and Tidal’s ability to deliver a truly landmark development,” says Josh Zegen, managing principal and cofounder of Madison Realty Capital. The hotel component will occupy the lower floors of the tower and will feature various amenities, including a double-height restaurant and bar, lobby lounge, a 50-foot heated saltwater pool with cabanas and a wraparound deck with bar and restaurant service.…

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Continental Realty Assets, CP Capital Purchase 336-Unit Apartment Community in Metro Nashville

John Nelson — Wed, 10 Dec 2025 15:01:54 +0000

ANTIOCH, TENN. — A partnership between Continental Realty Assets (part of Continental Realty Group) and CP Capital has purchased Discovery at Mountain View Apartments, a 336-unit multifamily community located in the Nashville suburb of Antioch. This is the first Nashville-area acquisition for the partnership and its fourth purchase total. The seller and sales price were not disclosed. Delivered in 2008, Discovery at Mountain View offers studio, one-, two- and three-bedroom apartments. Amenities include a clubhouse/leasing office, swimming pool, fitness center, business center and a dog park. Continental Realty Assets plans to modernize the apartment interiors and renovate the property’s exteriors and common areas during its ownership.

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Bluecrest Capital Advisors Acquires 145,000 SF Industrial Facility Near Nashville Airport

John Nelson — Wed, 10 Dec 2025 14:57:21 +0000

NASHVILLE, TENN. — Locally based Bluecrest Capital Advisors has acquired Royal Parkway I and II, a 145,000-square-foot small-bay industrial property located adjacent to Nashville International Airport, for $12.2 million. The seller was not disclosed. Truxton Trust provided an undisclosed amount of acquisition financing to Bluecrest Capital Advisors, a newly formed company founded by Nashville real estate experts Scott Porter and John Colucci. Porter was formerly a pitcher for the MLB’s Toronto Blue Jays. Royal Parkway I and II is Bluecrest’s second acquisition since its inception earlier this year. Bluecrest plans to invest $6 million in capital improvements to the value-add asset over the next five years, with renovations including exterior upgrades, new interior build-outs, a new roof and a new road. Built in 1990, Royal Parkway I and II sits on a 9.2-acre site and was 85 percent leased at the time of sale.

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GBT Realty to Develop Sprouts Farmers Market at Port Royal Marketplace in Metro Nashville

Abby Cox — Fri, 05 Dec 2025 14:20:57 +0000

SPRING HILL, TENN. — GBT Realty has submitted plans to develop a Sprouts Farmers Market grocery store to anchor Port Royal Marketplace, a planned retail center in Spring Hill, approximately 35 miles south of Nashville. Following city approvals, GBT anticipates construction to commence in early 2026, with completion planned for early 2027. Situated on the southwest corner of Duplex and Port Royal roads, Port Royal Marketplace is expected to total 46,000 square feet and will feature a 23,000-square-foot Sprouts and 16,000 square feet of inline shops, as well as a 6,800-square-foot shop building. In addition, three outparcels will front Duplex Road. A range of possible tenants could include medical services, restaurants, ice cream or coffee shops, apparel and fitness retailers.

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Vastland Obtains $130M Construction Financing for VOCE Hotel & Residences Project in Nashville

John Nelson — Wed, 03 Dec 2025 15:09:10 +0000

NASHVILLE, TENN. — Vastland Co. has obtained a $130 million construction loan for VOCE Hotel & Residences, a 25-story mixed-use development located at 1717 Hayes St. in Midtown Nashville. BayBridge Real Estate Capital arranged the loan through Atlanta-based Peachtree Group. Upon completion, VOCE Hotel & Residences will feature 192 private residences, 114 luxury hotel rooms, 60,000 square feet of boutique office space and more than 40,000 square feet of amenities, including a rooftop dining experience. The design-build team includes BL Harbert International (general contractor), The Preston Partnership (architect), ID & Design International (interior design), RH (custom design), Civil Site Design Group (civil engineer) and HDLA (landscape architect). Vastland and the project team plan to break ground next week and deliver the project in fall 2027. Christy Fewin of Vastland is leading sales for the residences, which at full capacity has a total sellout value of $360 million. Pre-sales have already eclipsed 50 percent of available units, according to Vastland.

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City of Memphis Acquires 600-Room Sheraton Memphis Downtown Hotel, Plans Redevelopment

John Nelson — Thu, 13 Nov 2025 13:17:49 +0000

MEMPHIS, TENN. — The City of Memphis has acquired the Sheraton Memphis Downtown, a 600-room hotel located at 250 N. Main St. in downtown Memphis. The seller, an undisclosed institutional hotel investment firm, and the sales price were not disclosed, though local media outlets are reporting the asset traded for $22 million. Spencer Davidson and Tim Osborne of Hunter Hotel Advisors brokered the transaction. The city is partnering with Carlisle Development Group to overhaul and rebrand the property as Marriott Hotel Downtown Memphis. The hotel currently features 18,131 square feet of onsite meeting space, an indoor pool, fitness center and direct access via an enclosed skywalk to the 300,000-square-foot Renasant Convention Center, which recently underwent a $200 million modernization. Specific plans and construction timelines for the hotel redevelopment project were not released.

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Foxfield Purchases 75,000 SF Industrial Facility in Nashville

John Nelson — Tue, 11 Nov 2025 15:23:14 +0000

NASHVILLE, TENN. — Boston-based Foxfield has purchased a 75,000-square-foot industrial facility located at 565 Brick Church Park Drive in Nashville. AllParts Medical, a subsidiary of Netherlands-based Philips that distributes medical imaging equipment and parts, has fully occupied the infill property since 2018 and recently renewed its lease. The previous owner has invested $3.5 million to upgrade the facility in recent years.

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GBT Realty Acquires Brentwood Corners Shopping Center in Metro Nashville for $10.4M

John Nelson — Thu, 06 Nov 2025 15:06:33 +0000

BRENTWOOD, TENN. — GBT Realty has purchased Brentwood Corners, a 22,268-square-foot shopping center located at 214 Ward Circle in Brentwood, a southern suburb of Nashville. The locally based buyer purchased the property from an undisclosed seller for $10.4 million. Situated within the Maryland Farms master-planned community, Brentwood Corners was fully leased at the time of sale to tenants including Serrato’s Steakhouse, Jefferson’s Restaurant, Iron Tribe Fitness, WOW Orthodontics and 100 Pizza, which recently opened. The property was recently renovated with a newly paved parking lot, painted facades, new roof, updated landscaping and new LED lighting.

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Walker & Dunlop Arranges $42M Refinancing for Luxury Apartment Community in Suburban Nashville

Abby Cox — Tue, 04 Nov 2025 15:42:30 +0000

WHITE HOUSE, TENN. — Walker & Dunlop has arranged a $42 million bridge loan for the refinancing of The Mill at White House, a 216-unit luxury apartment complex located in White House, a suburb of Nashville. Jeremy Pino, Livingston Hessam, Keith Melton, David Strange, Carl Passmore and Kyle Miller of Walker & Dunlop’s Capital Markets team arranged the financing through an unnamed institutional lender. The team previously refinanced the construction debt in 2022 on behalf of the borrower, RFM Development Co. Completed in 2024, The Mill at Whitehouse offers one-, two- and three-bedroom floorplans, ranging in size from 769 to 1,385 square feet, according to Apartments.com. Rental rates begin at $1,465. Amenities at the property include a swimming pool, fitness center, children’s playground, clubhouse, business center, pet play area and a grill.

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Marcus & Millichap Closes Sale of 23,876 SF Retail Center in Kingsport, Tennessee

Abby Cox — Tue, 04 Nov 2025 15:33:14 +0000

KINGSPORT, TENN. — Marcus & Millichap has arranged the sale of Shoppes at East Stone, a 23,876-square-foot retail center located at 2637 E. Stone Drive in Kingsport, a city near the Tennessee-Virginia border. Built in 2011, Shoppes at East Stone was 95 percent leased at the time of sale to tenants including Jersey Mike’s Subs, Stanton Optical, East Coast Wings + Grill, Lendmark Financial Services, Lumber Liquidators and Polish Nail Bar. Target shadow-anchors the center. Michael Early of Marcus & Millichap represented the seller, a Maryland-based family office, in the transaction. Jody McKibben was Marcus & Millichap’s broker of record in Tennessee. The sales price and buyer were not disclosed.

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Simon to Develop 100-Acre Sagefield Mixed-Use Center in South Nashville

John Nelson — Tue, 04 Nov 2025 13:00:00 +0000

NASHVILLE, TENN. — Simon Property Group (NYSE: SPG) plans to develop Sagefield, a 100-acre mixed-use destination that will be located on the south side of Nashville. The construction timeline for the project was not released. Situated in the hills of Williamson County, the planned project will feature lifestyle shops, restaurants and service retail spaces, as well as a landmark hotel by Author & Edit Hospitality, a hotel brand helmed by restaurateur and hotelier Sam Fox of Fox Restaurant Concepts. “This exciting new development will set a new standard for quiet luxury in metro Nashville and beyond,” says Eric Sadi, co-president of Simon’s North American real estate division. Simon is collaborating on Sagefield with Adventurous Journeys Capital Partners (AJ Capital), a Nashville-based firm that specializes in mixed-use and adaptive reuse development. Simon and AJ Capital are currently collaborating on Nashville Premium Outlets, a 325,000-square-foot outlet mall that will break ground next year in Thompson’s Station, Tenn. Plans for Sagefield also call for first-to-market boutique retailers, household-name operators, farm-to-table restaurants and cafés, an organic market, entertainment venues and health and wellness concepts. The development’s planned hotel will offer signature restaurants, a high-end spa, sports and a social members club. Simon says that…

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