Tennessee

Platinum Storage Group to Develop 828-Unit Self-Storage Facility in Metro Nashville

by Camren Skelton February 14, 2018

BRENTWOOD, TENN. — Platinum Storage Group has unveiled plans to develop Brentwood Self Storage, an 828-unit, 120,000-square-foot self-storage facility in Brentwood, roughly 10 miles south of Nashville. The property is situated on 2.8 acres at the intersection of Old Hickory Boulevard and Cloverland Drive. The storage facility will feature climate-controlled units, 24/7 surveillance, automatic door locks, individually alarmed units, electronic secured floor access and Wi-Fi throughout. Construction on the building is scheduled to begin in March.

February 14, 2018

Healthcare Southeast Tennessee

OGA Completes 27,500 SF Medical Facility Redevelopment for Vanderbilt Health in Nashville

by Camren Skelton February 13, 2018

NASHVILLE, TENN. — Nashville-based Oman-Gibson Associates (OGA) has completed the conversion of a former bowling alley into a 27,500-square-foot outpatient dialysis clinic for Vanderbilt Health. The facility is located at 2906 Foster Creighton Drive in Nashville. As part of the redevelopment, OGA added 7,000 square feet to the existing 20,500-square-foot property. Southeast Venture was the project architect, Fulmer Engineering was the civil engineer and Olympian Construction was the construction manager. The redevelopment brings OGA’s portfolio to more than 350 outpatient medical facilities throughout the United States.

February 13, 2018

Georgia Hospitality Southeast Tennessee

Apple Hospitality REIT Acquires Two Hilton-Branded Hotels in Atlanta, Memphis for $63M

by Camren Skelton February 7, 2018

ATLANTA AND MEMPHIS, TENN. — Apple Hospitality REIT, a lodging investment firm based in Richmond, Va., has acquired two Hilton-branded hotels in downtown Atlanta and downtown Memphis for a combined $63 million. The Atlanta asset is the 119-room Hampton Inn & Suites by Hilton Atlanta-Downtown, located at 161 Ted Turner Drive N.W. The hotel is situated within walking distance to Centennial Olympic Park, the CNN Center, the World of Coca-Cola, the Georgia Aquarium and the Mercedes-Benz Stadium. The Memphis property is the 144-room Hampton Inn & Suites by Hilton Memphis-Beale Street, located at 175 Peabody Place. The hotel is located near the Beale Street Entertainment District, FedEx Forum, AutoZone Park, the Memphis Cook Convention Center, the Orpheum Theatre, the National Civil Rights Museum and Graceland.

February 7, 2018

Retail Southeast Tennessee

HFF Arranges $28.2M Sale of Publix-Anchored Retail Center in Metro Nashville

by Camren Skelton February 7, 2018

MOUNT JULIET, TENN. — HFF has arranged the $28.2 million sale of Providence Commons, a 110,137-square-foot shopping center located at 631 S. Mt. Juliet Road in Mount Juliet, an eastern suburb of Nashville. Jim Hamilton and Richard Reid of HFF arranged the transaction on behalf of the seller, Boyle Investment Co. Boyle will continue to provide development, leasing and management services for the property. The name of the buyer was not disclosed. Publix anchors Providence Commons, which was fully leased at the time of sale to additional tenants including Tuesday Morning, Anytime Fitness, Pizza Hut, Subway, Edible Arrangements, Moe’s Southwest Grill, Salons by JC, Precision Eye Care and PostalAnnex, an authorized UPS shipping outlet. The property also includes seven acres of developable land.

February 7, 2018

Mixed-Use Multifamily Retail Southeast Tennessee

Stiles, Hensler to Develop 625,000 SF Mixed-Use Project in Nashville

by Camren Skelton January 31, 2018

NASHVILLE, TENN. — Nashville-based Hensler Development Group, in conjunction with South Florida-based Stiles, has unveiled plans to develop Peabody Union, a 625,000-square-foot mixed-use project in Nashville. At full build-out, the development will feature 105,000 square feet of retail, 170,000 square feet of Class A office space and a 25-story, 350,000-square-foot residential tower overlooking downtown and the Cumberland River. The retail space will include flagship anchors, health and fitness concepts, local artisans and restaurants. In addition, Peabody Union will showcase local artistry and technology from the neighboring Entrepreneur Center. The joint venture paid $16 million to the Metropolitan Development and Housing Agency (MDHA) for the five-acre site, situated on the northern bluff of Rolling Mill Hill, and will contribute an additional $1 million toward affordable housing in Nashville. As part of the deal, MDHA will commit $17.5 million in tax increment financing (TIF) to fund construction of approximately 400 MDHA-controlled garage spaces, as well as traffic signalization, streetscapes and greenway improvements along the Cumberland River. Peabody Union, along with neighboring retail and office developments, will establish a new “Design District” on approximately 15 acres along the Cumberland River. Upon completion of all phases in 2023, the new Design District will feature roughly …

January 31, 2018

Retail Southeast Tennessee

Big V Capital Buys 276,448 SF Shopping Center in Metro Nashville

by Camren Skelton January 31, 2018

HERMITAGE, TENN. — Big V Capital LLC has acquired Oakwood Commons, a 276,448-square-foot shopping center located at 4670 Lebanon Pike in Hermitage, roughly 16 miles northeast of Nashville. Other terms of the deal were not disclosed. Publix, Bed Bath & Beyond, PetSmart and Ross Dress for Less anchor the center, which was 88.6 percent leased at the time of sale. Additional tenants include Dollar Tree, Bank of America, KFC, Wells Fargo and Goody’s. Big V Properties, the property management affiliate of Big V Capital, will manage Oakwood Commons.

January 31, 2018

Industrial Southeast Tennessee

HSA Signs XPO Logistics to 279,199 SF Lease at New Industrial Property in Metro Nashville

by Camren Skelton January 25, 2018

LEBANON, TENN. — HSA Commercial Real Estate has secured a 279,199-square-foot lease with XPO Logistics Supply Chain Inc. at Commerce Farms V, a newly constructed industrial building in Lebanon, an eastern suburb of Nashville. The logistics and transportation service provider has 1,444 locations around the world. HSA Commercial Real Estate completed construction on the 651,380-square-foot building on a speculative basis in late 2017. Located at the intersection of State Route 840 and Highway 109, the building is the last site within Commerce Farms Business Center. Randy Wolcott, Chad Tuck and Joe DeLemos of NorthStar Real Estate Advisors arranged the lease on behalf of HSA Commercial Real Estate. Sue Earnest of Avison Young and Dave Saltzman of Lee & Associates represented XPO Logistics, which is scheduled to take occupancy in May after a limited interior build-out is completed. GEODIS Logistics LLC occupies the remaining 372,181 square feet of Commerce Farms V.

January 25, 2018

Loans Mixed-Use Office Restaurant Retail Southeast Tennessee

HFF Arranges $26.7M Construction Loan for Adaptive Reuse Project in Nashville

by Camren Skelton January 18, 2018

NASHVILLE, TENN. — HFF has arranged a $26.7 million construction loan for the adaptive reuse of the former May Hosiery textile mill in Nashville. The development is located at 425 to 431 Chestnut St. and 510 Houston St. in the city’s Wedgewood Houston neighborhood. Danny Kaufman and Christopher Knight of HFF arranged the two-year, floating-rate loan through LoanCore Capital on behalf of the borrower and developer, Chicago-based AJ Capital Partners. Proceeds of the loan will be used for the renovation and remaining lease-up of the property. Constructed in 1909, the 120,000-square-foot facility was originally home to May Hosiery, which made socks through most of the 20th century. AJ Capital Partners is redeveloping the property into a mixed-use space featuring 80,000 square feet of creative office space and 40,000 square feet of retail and restaurant space. In addition, the project will include a private rooftop terrace and central outdoor spaces. At the time of closing, the development was 47 percent preleased to Tuck-Hinton Architects, Southcomm Media, Dream Technologies, Parson’s Chicken & Fish and Blockhouse Barbers.

January 18, 2018

Multifamily Southeast Tennessee

Carroll Organization Sells 1,037-Unit Apartment Property in Memphis

by Camren Skelton January 12, 2018

MEMPHIS, TENN. — Carroll Organization has sold Arium Shelby Farms, a 1,037-unit apartment community in Memphis. Other terms of the deal were not disclosed, but the Memphis Business Journal reports the Atlanta-based firm originally acquired the asset in 2014 for $46.5 million. Individual units at Arium Shelby Farms include private patios, breakfast bars and full-size washers and dryers. In addition, the community features three fishing lakes, a picnic area, sports court, fitness center and a swimming pool.

January 12, 2018

Industrial Southeast Tennessee

Equus Capital Partners Acquires 1.3 MSF Industrial Portfolio North of Nashville

by Camren Skelton January 8, 2018

PORTLAND, TENN. — Equus Capital Partners Ltd. has acquired a four-building, 1.3 million-square-foot industrial portfolio in Portland, a city roughly 40 miles north of Nashville, for an undisclosed price. The acquisition was made on behalf of Equus Investment Partnership X LP, a $361 million discretionary equity fund managed by Equus. The portfolio includes three Class A assets located at 1115 and 1125 Vaughn Drive and 1042 Fred White Blvd., all constructed between 2002 and 2007. The properties feature 32-foot clear heights, ESFR sprinkler systems, ample loading, 125- to 175-foot truck courts and efficient column spacing. The two larger buildings include cross-dock configurations. In addition, the portfolio includes one Class B building located at 104 Challenger Drive. Constructed in 1996, the building was renovated in 2007 to include T-5 lighting and an ESFR sprinkler system. Cushman & Wakefield arranged the sale of the portfolio, which was approximately 90 percent leased at the time of sale.

January 8, 2018

Newer Posts

Older Posts