REBusinessOnline

Brasfield & Gorrie Delivers New Headquarters for Mars Petcare Near Nashville

FRANKLIN, TENN. — Brasfield & Gorrie has delivered the new North American headquarters for Mars Petcare, a leading pet care and products firm. Located in the southern Nashville suburb of Franklin, the pet-friendly campus includes a Wi-Fi-enabled dog park, two indoor dog play areas with options for daycare, coffee bars on every floor with designated “slurp stations” for pets, pet beds and toys throughout the campus, wide furniture that is upholstered with pet-friendly fabric and green …

Development, Office, Southeast, Tennessee

Reich Brothers Acquires 182,200 SF Industrial Facility in Nashville

NASHVILLE, TENN. — Reich Brothers has acquired a 182,200-square-foot manufacturing and distribution facility in Nashville. The facility comprises one main building and two smaller buildings and is located at 707 Spence Lane, four miles from both Nashville International Airport and downtown Nashville. Formerly housing Wright Industries’ main production and warehousing capabilities, the property features ceiling heights ranging from 24 feet to 38 feet and can be repurposed for a single user …

Acquisitions, Industrial, Southeast, Tennessee

PGIM Provides $450M Loan for 140-Building Industrial Portfolio in Southeast, Texas

DALLAS — PGIM Real Estate Finance has provided a $450 million first mortgage loan for a 140-building industrial portfolio primarily in the Southeast and Texas. The portfolio spans 57 projects within eight separate markets, with the largest concentration in Atlanta, Memphis, Tampa and Texas. Dallas-based PGIM provided the seven-year, fixed-rate loan to DRA Advisors, an office and industrial real estate investment firm with $10 billion of assets under management. The 9.8 million-square-foot …

Acquisitions, Florida, Georgia, Industrial, Loans, Southeast, Tennessee

Mitsubishi Motors North America to Relocate U.S. Headquarters to Metro Nashville

FRANKLIN, TENN. — Mitsubishi Motors North America (MMNA) will relocate its corporate U.S. headquarters from Cypress, Calif., to Franklin by the end of this year. The move will begin in August, where MMNA will occupy office space in a temporary location in Franklin. The company said the move will occur in an effort to reinvent itself and to be closer to sister company Nissan North America, which is headquartered in Nashville. MMNA is working with JLL to identify a permanent office location. …

Leasing Activity, Office, Southeast, Tennessee

KDC to Develop 750,000 SF Office Building Within Aureum Mixed-Use Project in Nashville’s Cool Springs

FRANKLIN, TENN. — Dallas-based KDC has partnered with SouthStar and Chartwell Hospitality to develop a 750,000-square-foot office building within Aureum, a mixed-use development in Franklin. KDC will develop Aureum’s office component, SouthStar will develop 100,000 square feet of retail space, Chartwell Hospitality is developing three hotels totaling 700 rooms and SouthStar and Chartwell will co-develop a 480-unit residential community. Aureum, which is Latin for “golden,” will span 22 …

Development, Office, Southeast, Tennessee

Carroll Organization Acquires Three-Property Apartment Portfolio in Southeast

ATLANTA — Carroll Organization has acquired a three-property multifamily portfolio located throughout the Southeast. The three properties include the 268-unit Hawthorne at Mooresville in Mooresville, N.C.; the 312-9unit Hawthorne at Wildwood in Marietta, Ga.; and the 323-unit Hawthorne South Oaks in downtown Nashville, Tenn. According to Atlanta-based Carroll Organization, all three properties will be rebranded under the ARIUM name. Additional terms of the sale were not

Acquisitions, Georgia, Multifamily, North Carolina, Southeast, Tennessee

Woda Cooper Opens 60-Unit Affordable Housing Project in Knoxville

KNOXVILLE, TENN. — Woda Cooper has opened White Oak Crossing, an $8.5 million affordable housing project in Knoxville. Units were reserved for families that earn between 50 percent and 60 percent of the area median income. In Knox County, for example, this equates to $23,350 (50 percent AMI) and $28,020 (60 percent AMI) in annual income for a single person or up to $33,300 (50 percent AMI) and $39,960 (60 percent AMI) for a family of four. Larger families are also eligible. Monthly rents at …

Development, Multifamily, Southeast, Tennessee

Mallory & Evans Partners Acquires Site Within Knoxville Opportunity Zone

KNOXVILLE, TENN. — Mallory & Evans Partners LLC has acquired the Kern’s Bakery site, an opportunity zone near downtown Knoxville and the University of Tennessee. The Atlanta-based developers plan to transform the area as a mixed-use development that will preserve the historic building to include retail, restaurant, entertainment and office space. A 160-unit multifamily complex and a hotel will also be included in the 16-acre development area. The development will occur in three phases …

Acquisitions, Development, Mixed-Use, Southeast, Tennessee

LG Electronics Opens $360M Washing Machine Factory in Northern Tennessee

CLARKSVILLE, TENN. — LG Electronics USA has opened its new $360 million, 1 million-square-foot home appliance factory in Clarksville. DPR Construction served as the general contractor for the 13-month project. Gresham, Smith and Partners was the architect. DPR employed more than 800 workers on-site to complete the plant, which sits on 310 acres. South Korea-based LG employs 550 workers at the facility with plans to house up to 700 employees when the factory becomes fully operational. LG …

Development, Industrial, Southeast, Tennessee, Top Stories

Conrad Hotel to Anchor $540M Mixed-Use Project in Nashville

NASHVILLE, TENN. — Propst Development, Chartwell Hospitality LLC and Hilton Worldwide have signed Conrad Nashville, a luxury Hilton branded hotel, to anchor Broadwest, a $540 million mixed-use project in Nashville. Set to open in 2021, the hotel will occupy 14 stories of a 34-story building and comprise 237 rooms. The remaining stories will include 196 condominiums. Propst and Chartwell will co-own Conrad Nashville, and Chartwell will handle management services. Cooper Carry designed the …

Development, Hospitality, Southeast, Tennessee
Content Partners Alliant Credit Union
Lee & Associates
RED Capital Group

Conferences
Sep
17
InterFace Healthcare Real Estate 2019
Sep
18
LeaseCon: A Social Media, Digital & Traditional Marketing Boot Camp
Oct
3
InterFace Net Lease 2019
Nov
20
InterFace Healthcare Real Estate Southeast 2019
Nov
21
InterFace Seniors Housing Northeast 2019