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Alliance Residential to Develop 312-Unit Apartment Community in Mt. Juliet, Tennessee

Abby Cox — Fri, 15 May 2026 13:18:26 +0000

MT. JULIET, TENN. — Alliance Residential has purchased 10 acres within McFarland Farms, a 110-acre mixed-use project in Mt. Juliet, approximately 17 miles east of Nashville. The Scottsdale, Ariz.-based developer plans to build a 312-unit apartment community on the site. Eric Deems and George Schubert of Atlanta-based Land Advisors Organization represented Alliance Residential in the land transaction. Further details of the multifamily development were not released. In addition to the new apartments, McFarland Farms will include a town center that compromises a mix of 184 townhomes and 175 single-family homes, as well as 35,000 square feet of commercial space for restaurants, retail and entertainment uses; a 4,300-square-foot public greenway; dog park; and a community amphitheater. The five-phase development, which broke ground in early 2025, is being developed by Tulit Investment and is expected to be fully delivered in 2030.

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Drawbridge Realty Acquires 30-Story Bridgestone Tower in Downtown Nashville for $255M

Kristin Harlow — Wed, 13 May 2026 12:00:00 +0000

NASHVILLE, TENN. — Drawbridge Realty has entered the Nashville market with the acquisition of Bridgestone Tower, a 30-story office building in the downtown district, for $255 million. Raleigh-based Highwoods Properties Inc. sold the 514,000-square-foot building, which was developed as a build-to-suit for Bridgestone Americas Inc. and completed in 2017. Eastdil Secured represented Highwoods in the sale. The property was fully leased at the time of sale and serves as the headquarters of Bridgestone Americas, the largest subsidiary of Bridgestone Corp., a publicly traded manufacturer of tires and rubber. Bridgestone Tower is situated within walking distance of Broadway, Bridgestone Arena, the Music City Center and the Country Music Hall of Fame. “Bridgestone Tower is a high-quality, mission-critical asset leased to a major global credit tenant in one of the most attractive investment markets in the country,” says Charlie McEachron, CEO of Drawbridge. With this acquisition, Drawbridge has purchased more than $740 million in assets in the past 12 months, totaling over 1.1 million square feet. Last October, the firm acquired The HIVE, a Class A office campus in Costa Mesa, Calif., that is fully leased to Anduril Industries. Drawbridge invested more than $20 million in tenant and capital improvement projects across…

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INDUS Realty Trust Underway on 2.1 MSF Industrial Park in Metro Nashville

Taylor Williams — Tue, 12 May 2026 11:51:00 +0000

LEBANON, TENN. — Indus Realty Trust, an industrial owner-operator based in New York, is underway on construction of INDUS Commerce Center @ 840, a 2.1 million-square-foot industrial park that will be located on the eastern outskirts of Nashville in Lebanon. The site spans 189 acres near the I-840 and Couchville Pike interchange. The development will consist of four buildings that can accommodate tenants with requirements from 250,000 to 1 million square feet. Vertical construction of the first, 507,000-square-foot building is now underway. This structure will be known as Building 2 and will feature a clear height of 40 feet, 120 dock-high doors, four drive-in doors, parking for 216 cars and 175 trailers, ESFR sprinklers and high-efficiency LED lighting. Completion is slated for the first quarter of 2027. Building 1 within INDUS Commerce Center @ 840 spans 537,000 square feet and is pad-ready. That structure also features a clear height of 40 feet, as well as 110 dock-high doors, four drive-in doors and parking for 196 cars and 120 trailers. Buildings 3 and 4 are also pad-ready and will total 496,674 and 610,480 square feet, respectively. In addition, according to the property’s marketing brochure, Buildings 3 and 4 can be combined…

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Crescent, Stockbridge Capital Break Ground on 277-Unit Apartment Development in West Nashville

John Nelson — Thu, 07 May 2026 14:17:41 +0000

NASHVILLE, TENN. — Crescent Communities has broken ground on NOVEL Richland Creek, a 277-unit multifamily development located in west Nashville. The Charlotte-based firm is co-developing the community with San Francisco-based Stockbridge Capital Group, which owns the adjacent Lion’s Head Village, a shopping center anchored by Trader Joe’s. Designed by KTGY, NOVEL Richland Creek will feature studio, one-, two- and three-bedroom apartments, as well as 4,800 square feet of retail space and direct trailhead access to the Richland Creek Greenway. Amenities will include a lobby with a café and wine bar, maker and wellness spaces, coworking and book club room areas, a rooftop pool and indoor and outdoor gathering spaces. The design-build team includes ESG (interior design), EM Structural (structural engineer), Lighthouse Engineering (MEP engineer), Barge Civil Associates (civil engineer) and Hawkins Partners (landscape architect). J.P. Morgan provided an undisclosed amount of construction financing to Crescent and Stockbridge Capital.

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Stos Partners Acquires 169,855 SF Warehouse in Nashville for $26M

Abby Cox — Mon, 04 May 2026 13:35:44 +0000

NASHVILLE, TENN. — San Diego-based Stos Partners has acquired 640 Massman Drive, a 169,855-square-foot warehouse located in Nashville, for $26 million. The infill property was fully leased to Cumberland International Trucks at the time of sale. Todd Prevost and Jackson Pavitt of Big Tent Co. represented Stos Partners in the transaction. The seller was a private investor. Aldon Cole, Brad Vansant and Jenna Frakes of JLL arranged financing for the acquisition. 640 Massman Drive was constructed in two phases and can accommodate multiple tenants. The first phase — completed in 1970 — features 22-foot clear heights, three dock-high doors, two grade-level doors and nearly 2 acres of green space. The second phase, which was completed in 2000, was an expansion that included 30-foot clear heights, five dock-high doors and one additional grade-level door.

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TWO Capital, Origin Secure Construction Financing for 199-Unit Build-to-Rent Community in Madison, Tennessee

Abby Cox — Mon, 04 May 2026 13:34:22 +0000

MADISON, TENN. — TWO Capital Partners and Origin Investments have secured construction financing for the development of Tessa Madison, a 199-unit build-to-rent community located in Madison, about 12 miles northeast of downtown Nashville. Patterson Real Estate Advisory Group arranged the undisclosed amount of financing through Invitation Homes. TWO Resi Build, a wholly owned subsidiary of TWO Capital Partners, will serve as the project’s general contractor. Tessa Madison is situated on 55 acres within a Qualified Opportunity Zone, which is an economically distressed area where new investments may be eligible for preferential tax treatment. The community will consist of a mix of for-rent townhomes and detached single-family rental homes, with an average unit size of 1,851 square feet. All units will feature three- or four-bedroom floorplans, two-car attached garages and private driveways. Amenities will include a resort-style swimming pool, clubhouse, fitness center, coworking space, outdoor pavilion and a dog park.

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Provident Industrial Acquires 2.5 MSF Portfolio in Metro Memphis

John Nelson — Tue, 28 Apr 2026 13:16:39 +0000

MEMPHIS, TENN. — Provident Industrial, a division of Dallas-based Provident, has acquired a 13-property industrial portfolio across the Memphis area totaling more than 2.5 million square feet. Case Van Lare and Christopher Martin led the Provident Industrial team in the transaction. The firm plans to hold the portfolio as a long-term investment opportunity. The seller and sales price were not disclosed, but the Memphis Business Journal reports that the seller was Blackstone Real Estate Income Trust Inc. and that 11 assets within Shelby County, Tenn., sold for $115 million. The outlet also reports that Provident Industrial purchased 33.7 acres in DeSoto County, Miss. Tenants within the portfolio include The Home Depot, UPS, Northstar and GXO, according to Memphis Business Journal.

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Novare, BCDC Welcome Residents to 271-Unit Apartment Community in Knoxville

John Nelson — Fri, 24 Apr 2026 14:45:08 +0000

KNOXVILLE, TENN. — A joint venture between Novare Group and Batson-Cook Development Co. (BCDC) has begun tenant move-ins at Elmstead West Knoxville, a 271-unit apartment community located at 962 Mabry Hood Road in Knoxville. The property features a mix of one-, two- and three-bedroom residences, as well as a resort-style pool, private garages, coworking lounge, fitness center, clubroom, grilling stations, fire pits, a dog park and pet spa. Monthly rental rates at Elmstead West Knoxville start at $1,557, according to the property website. The design-build team includes architect Dynamik Design and general contractor Summit Contracting Group. SouthState Bank provided construction financing to Novare and BCDC.

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NHI Agrees to Sell Skilled Nursing Portfolio to National HealthCare Corp. for $560M

John Nelson — Thu, 23 Apr 2026 14:27:53 +0000

MURFREESBORO, TENN. — National Health Investors (NHI) has executed an agreement to sell a seniors housing portfolio to National HealthCare Corp. (NHC) for a total of $560 million. The portfolio includes 32 skilled nursing facilities and three independent living facilities. NHC currently operates the properties on behalf of NHI. In 2025, the portfolio generated cash lease revenue of roughly $39.7 million for NHI. According to NHI, the Murfreesboro-based company expects this move to increase its concentration in the category of private-pay seniors housing. Following the transaction, NHI’s senior housing operating portfolio segment will represent roughly 22 percent of its total investments, with skilled nursing exposure to represent 12.2 percent of total investments. In a statement, NHI also noted that this sale will “eliminate potential conflicts of interest between NHI and NHC.” Closing of the transaction is expected on July 1, subject to customary closing conditions. NHI expects to incur transaction costs between $6 million and $8 million. Blueprint Healthcare Real Estate Advisors is serving as the transaction advisor for NHI. Houlihan Lokey Capital is acting as financial advisor to a special committee of non-interested directors that was appointed to review the sale, and Venable LLP is serving as the committee’s…

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Maddox Brokers $11M Sale of Medical Office Building in Knoxville

Abby Cox — Fri, 17 Apr 2026 13:04:25 +0000

KNOXVILLE, TENN. — Maddox Cos. has brokered the $11 million sale of the WestMed Building, a 55,000-square-foot medical office building situated on Sherrill Boulevard in Knoxville. Maddox Cos. represented both the seller, Knorr Family Properties, and the buyer, Clear Passage LLC, in the transaction. Built in 2004, the healthcare property sits on roughly 3 acres, according to LoopNet.

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Carmichael Capital Acquires 22,802 SF Adaptive Reuse Retail Property in Nashville

John Nelson — Thu, 16 Apr 2026 14:27:15 +0000

NASHVILLE, TENN. — Carmichael Capital LLC, a locally based real estate investment firm founded by Taylor Camp, has acquired The Mill, a 22,802-square-foot adaptive reuse retail property located at 515 Merritt Ave. in Nashville’s Wedgewood-Houston neighborhood. SomeraRoad, an active mixed-use development firm in the Nashville market, sold the property for an undisclosed price. The Mill’s tenant roster comprises retail and restaurant concepts including Indochino, Hermitage Kitchen Gallery, Gordo’s Taqueria and BC Block Fitness. Kipper Worthington of Cushman & Wakefield handles the leasing assignment at The Mill, which is the second acquisition in the Wedgewood-Houston neighborhood for Carmichael Capital.

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JLL Negotiates Sale of Two Nashville Multifamily Communities Totaling 177 Units

Abby Cox — Mon, 13 Apr 2026 13:22:21 +0000

NASHVILLE, TENN. — JLL Capital Markets has negotiated the sale of two apartment properties in Nashville’s Hillsboro Village neighborhood totaling 177 units: Belcourt Park and Village 21 at Regions Park. Nick Brown, Peter Yorck and John Weber of JLL represented the seller, Atlanta-based TriBridge Residential, in the off-market transaction. A partnership between Harrison Street Asset Management and Nashville-based Elmington Residential purchased the properties for $54.8 million, according to the Nashville Business Journal. Village 21 at Regions Park opened in 2017 and offers 101 units, including retail space with tenants such as E3 Chophouse, Taco Mama and Bad Ass Coffee, among others. Elmington and Harrison Street only acquired the apartment portion of the development. Belcourt Park, a 76-unit property, stands four stories tall with units averaging 646 square feet in size.

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Stream Realty Inks 35,000 SF of Leases at 5 City Office Tower in Nashville

Abby Cox — Mon, 13 Apr 2026 13:18:51 +0000

NASHVILLE, TENN. — Stream Realty Partners has inked five leases over the past two months at 5 City, a newly delivered, 344,000-square-foot office tower in Nashville. Chicago-based Convexity Properties is the owner and developer of the 15-story tower. National law firm Dickinson Wright signed a 16,116-square-foot lease, relocating from its previous office in downtown Nashville, while investment management and financial advisory firm Nephila Advisors signed a 9,954-square-foot lease. Additional tenants include Jay-Bee Oil and Gas, which is opening its first Nashville office; Precision Field Services, a mortgage services and property preservation business; and a San Francisco-based music label and publisher. The five leases total approximately 35,000 square feet. Charlie Gibson, Stewart Lyman and Maddy Sickels of Stream Realty manages the office leasing efforts at 5 City for Convexity. Liz Craig of Foundry Commercial oversees the property’s retail leasing. JLL represented Dickinson Wright and Nephila Advisors in their lease transactions, while CBRE represented Jay-Bee Oil and Gas and Precision Field Services. Kasa Real Estate represented the music label and publisher. Designed by Goettsch Partners, 5 City offers a mix of amenities including an outdoor terrace space; a tenant lounge; training and conference center with seating for up to 100 people; an onsite…

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SVN | Wood Brokers Sale of 23-Story Riverview Tower in Downtown Knoxville

John Nelson — Wed, 08 Apr 2026 14:28:21 +0000

KNOXVILLE, TENN. — SVN | Wood Properties has brokered the sale of Riverview Tower, a 23-story office tower located at 900 S. Gay St. in downtown Knoxville. Apex Bank purchased the building for an undisclosed price from an affiliate of Hertz Investment Group. George Brown and Taylor Thompson of SVN | Wood represented the seller in the transaction, which closed in approximately four months from the listing date. Riverview Tower spans 334,197 square feet of offices with floor-to-ceiling windows on every level. The acquisition includes an adjacent multi-level parking garage. Apex Bank has selected SVN | Wood to continue leasing the office tower.

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Matthews Negotiates $15.8M Sale of Industrial Facility in Columbia, Tennessee

John Nelson — Wed, 08 Apr 2026 14:26:33 +0000

COLUMBIA, TENN. — Matthews has negotiated the $15.8 million sale of a 162,934-square-foot industrial facility located on 15.5 acres at 2206 Oakland Parkway in Columbia, a city in Middle Tennessee’s Maury County. Jay Reeves, Matthew Powell and Jonathan Ghertner of Matthews represented the seller, an unnamed national developer, in the transaction. Mike Havens of Havens Commercial represented the buyer, an undisclosed investment firm. According to the Matthews property website, the facility is fully leased to GCP Applied Technologies Inc., which recently signed a new 10-year triple-net lease at the property with 2.5 percent annual rent increases and two five-year renewal options.

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Brennan Acquires Two Industrial Buildings in Metro Nashville Totaling 225,000 SF

John Nelson — Tue, 07 Apr 2026 13:17:13 +0000

GOODLETTSVILLE, TENN. — Brennan Investment Group has acquired two newly constructed distribution facilities located at 1022-1024 Louisville Highway in Goodlettsville, a northern suburb of Nashville. The seller and sales price were not disclosed. Built in 2024, the properties are situated within one mile of I-65 and span a combined 225,000 square feet. The two rear-load properties, which include a 123,000- and 102,000-square-foot building, are currently 30 percent leased to three tenants and include 30-foot clear heights, dock doors and ESFR sprinkler systems.

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JLL Arranges Refinancing for 506-Room Tri-Brand Hotel in Downtown Nashville

John Nelson — Thu, 02 Apr 2026 14:04:35 +0000

NASHVILLE, TENN. — JLL has arranged the refinancing of a tri-brand Marriott hotel located at 410 Rep. John Lewis Way S in downtown Nashville. Opened in 2019, the hotel combines three Marriott selective-service hotel brands and is one of two tri-brand hotel properties in the United States, according to JLL. The property comprises AC Nashville Downtown (209 rooms), Residence Inn Nashville Downtown/Convention Center (172 rooms) and SpringHill Suites Nashville Downtown/Convention Center (125 rooms). Kevin Davis, Dan Peek, Mark Fisher, Carolina Bernal, Carly Pomerantz and Malia Buljat of JLL arranged the five-year loan on behalf of the borrower, North Point Hospitality. Terms of the financing were not disclosed. North Point completed a $13 million expansion last year that added 36 Residence Inn Elite rooms to the property. Amenities at the property include eight food-and-beverage outlets, as well as 9,016 square feet of meeting space, an outdoor pool and hot tub deck, fitness center, sundries shop and 275 onsite parking spaces with valet service.

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Cousins Signs Oracle to 116,000 SF Office Lease in Nashville

John Nelson — Tue, 31 Mar 2026 14:17:53 +0000

NASHVILLE, TENN. — Cousins Properties has signed tech giant Oracle to a 116,000-square-foot office lease in Nashville’s Germantown neighborhood. Oracle will move into its space in the second half of the year within the Neuhoff mixed-use development, which Atlanta-based Cousins owns in a 50/50 joint venture with an unnamed institutional investor. Oracle’s offices will overlook the construction of its new global headquarters campus that is being developed on the other side of the Cumberland River. At completion, Neuhoff will connect to the Oracle campus via a pedestrian bridge. Neuhoff comprises 395,000 square feet of office space, 55,000 square feet of retail space and 542 apartments. According to Cousins, the office portion of Neuhoff is currently 84 percent leased, the retail component is 46 percent leased and the apartments are 92 percent leased. Atlanta-based New City Properties is developing Neuhoff on behalf of the ownership group.

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Hamilton Development Begins Construction on 1.8 MSF Industrial Park in Smyrna, Tennessee

John Nelson — Wed, 25 Mar 2026 14:14:36 +0000

SMYRNA, TENN. — Hamilton Development has broken ground on Cornerstone Business Park, a 152-acre industrial park located at 5481 W. Jefferson Pike in Smyrna, a southeast suburb of Nashville. Situated off I-840, the industrial park will feature 12 buildings spanning 1.8 million square feet upon full build-out. Hamilton Development began construction on Phase I of Cornerstone Business Park, which features eight buildings spanning 1 million square feet. The first buildings are set for delivery in first-quarter 2027. Phase II will comprise four buildings totaling 800,000 square feet. Hamilton Development, which has 14 industrial parks in the Nashville market, has tapped Hayes McWilliams and Henry Sherer of Cushman & Wakefield to lease Cornerstone Business Park.

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Nashville Retail Market: Strength, Scarcity and Shifting Demand

John Nelson — Mon, 23 Mar 2026 11:55:00 +0000

Nashville’s retail market continues to outperform many peer metros across the Southeast, supported by steady population growth, a diversified employment base and a prolonged period of limited new supply. Despite broader economic uncertainty and rising operating costs, fundamentals across Middle Tennessee remain healthy, with vacancy holding near historically low levels. Tight conditions, leasing That strength is reflected in current occupancy trends. Retail vacancy throughout the region sits at approximately 3.6 percent, signaling sustained tenant demand within a constrained inventory environment. New construction has remained limited as elevated material and labor costs have pushed many proposed developments outside workable underwriting thresholds. As a result, existing centers, particularly well-located neighborhood and suburban assets, continue to capture consistent leasing activity. Core, emerging submarkets Demand remains strongest in Nashville’s core and established growth corridors, including Green Hills, Vanderbilt/West End, 12th South/Wedgewood-Houston, Charlotte Pike/Sylvan Park and the Cool Springs pocket of Franklin. These areas benefit from dense residential growth, strong household incomes and reliable consumer traffic, supporting above-average rent levels. At the same time, tightening availability and rising barriers to entry in the urban core have accelerated growth across surrounding satellite markets. Submarkets such as Lebanon, Clarksville, Murfreesboro and Smyrna have emerged as meaningful retail…

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