Saturday, January 3, 2026
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Tennessee

AcquisitionsRetailSoutheastTennessee

Regency Centers Acquires Brentwood Place Shopping Center in Metro Nashville for $118.5M

by John Nelson

BRENTWOOD, TENN. — Regency Centers Corp. has acquired Brentwood Place, a 320,000-square-foot power retail center located in the south Nashville suburb of Brentwood. According to the Nashville Business Journal, the center sold for $118.5 million. The property was 95 percent leased at the time of sale and comprises more than 100,000 square feet of anchor retail space leased to Nordstrom Rack, Total Wine & More, T.J. Maxx/HomeGoods and Golf Galaxy. Originally developed in 1973, Brentwood Place is adjacent to the site of the future 350,000-square-foot Vanderbilt Medical Campus.

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AcquisitionsSoutheastStudent HousingTennessee

Muinzer, Kayne Anderson Recapitalize 1,356-Bed Student Housing Portfolio Near University of Tennessee

by John Nelson

KNOXVILLE, TENN. — Private equity investment firm Muinzer has partnered with Kayne Anderson Real Estate to recapitalize a two-property student housing portfolio near the University of Tennessee in Knoxville. The 1,356-bed portfolio, which includes The Heights of Knoxville and University Park, was fully occupied at the time of the transaction. Scott Clifton, Kevin Kazlow and Teddy Leatherman of JLL arranged the recapitalization. Los Angeles-based Muinzer originally acquired the two student housing properties in 2021 in a partnership with T2 Capital Management. Further details of the company’s recapitalization with Kayne Anderson were not released.

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AcquisitionsIndustrialSoutheastTennessee

Bixby Capital Management Purchases 222,382 SF Industrial Facility in Lebanon, Tennessee

by John Nelson

LEBANON, TENN. — California-based Bixby Capital Management has purchased a newly constructed industrial facility located at 212 Alligood Way in Lebanon, about 22 miles east of Nashville International Airport. Completed in 2024 and currently vacant, the 222,382-square-foot property features a rear-load configuration, 32-foot clear heights, an ESFR sprinkler system, 21 dock-high doors, two drive-in doors, 32 trailer parking spaces, 2,500 square feet of speculative office space and a 135- to 185-foot truck court. George Fallon, Frank Fallon and Trey Barry of CBRE brokered the transaction. The seller and sales price were not disclosed.

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DevelopmentNorth CarolinaSoutheastStudent HousingTennessee

Preiss, FD Stonewater to Break Ground on Two Student Housing Developments Near NC State and University of Tennessee

by John Nelson

RALEIGH, N.C. AND KNOXVILLE, TENN. — A joint venture between The Preiss Co. and FD Stonewater has acquired sites for two student housing developments in North Carolina and Tennessee. Projects will includes Signature on Grand, located near the University of Tennessee in Knoxville; and Signature on Varsity, which will serve students attending North Carolina State University in Raleigh. The communities will offer over 1,200 beds in studio through five-bedroom configurations. Shared amenities will include resort-style pools, state-of-the-art fitness centers, study lounges and social spaces. The communities will be developed in partnership with Monarch Alternative Capital and are scheduled for completion in fall 2027. Ian Walker and Ben Roelke of Newmark secured debt and construction financing for the communities. Teddy Leatherman and Jayme Nelson of JLL secured additional equity for the projects.

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Leasing ActivityMixed-UseOfficeSoutheastTennessee

Nextracker Signs 15,960 SF Office Lease at Landings at River North in Nashville

by John Nelson

NASHVILLE, TENN. — Nextracker, a smart solar tracker and software solutions provider, has signed an office lease located at 2200 Bowline Ave. in Nashville. The Fremont, Calif.-based company will occupy 15,960 square feet of space within Landings at River North, a 78,000-square-foot creative office building within the River North mixed-use district along the East Bank of the Cumberland River. Nextracker is relocating its Nashville operations from Metro Center and is expecting to move into Landings at River North in the third quarter. Charlie Gibson of Stream Realty Partners represented the landlord, MRP Realty and Creek Lane Capital, in the lease negotiations. Eric Tomchik and Dave Bruzzone of Newmark represented Nextracker.

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ArkansasFeaturesSoutheastSoutheast Feature ArchiveTennessee

Property Tax Assessments Change Constantly, Are You Keeping Up With Them?

by John Nelson

By Will Raines, Esq. of Evans Petree PC Benjamin Franklin has been credited (dubiously) with the saying, “in this world nothing can be said to be certain, except death and taxes.” The Greek philosopher Heraclitus has been credited (also dubiously) with the saying, “the only constant in life is change.” To synthesize dubious quotes from two brilliant minds, “you will certainly have to pay taxes, and they will constantly change.” With property tax bills subject to constant change, property owners hoping to predict and plan for future tax liability have their work cut out for them. Here are the chief factors taxpayers should consider in tax planning: Track reassessments Governments base property taxes on two things: assessed value and tax rate. Both elements change on a regular basis, and it can be mind-boggling for taxpayers to stay on top of just exactly when and by how much their properties’ taxes will increase. Reappraisal systems vary. While most jurisdictions reappraise either annually or on a regular, multiyear cycle, some jurisdictions do not. Famously, California’s Proposition 13 requires reappraisal based on changes in ownership and other triggers, rather than on any regular cycle. A jurisdiction’s reappraisal history is no guarantee of its …

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AcquisitionsHealthcareSoutheastTennessee

Sila Realty Trust Acquires Knoxville Healthcare Facility for $35.1M

by John Nelson

KNOXVILLE, TENN. — Sila Realty Trust Inc., a publicly traded healthcare REIT based in Tampa, has purchased an inpatient rehabilitation facility in Knoxville for $35.1 million. The seller was not disclosed. The property is Sila Realty Trust’s first acquisition in Tennessee. Built in 2021 within the 109-acre Tennova Health Park, the 70,000-square-foot property was fully leased at the time of sale to Knoxville Rehabilitation Hospital LLC, which is a joint venture between the University of Tennessee Medical Center, Lifepoint Health and Tennova Healthcare, an affiliate of Community Health Systems.

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DevelopmentOfficeSoutheastTennessee

Swinerton Begins $4.5M Renovation of T-Mobile Call Center in Chattanooga

by John Nelson

CHATTANOOGA, TENN. — Swinerton has begun the $4.5 million renovation of a T-Mobile call center in Chattanooga. The facility houses desks and offices for 936 T-Mobile employees and will remain open during construction. The overhaul of the 13,161-square-foot facility is expected to last about six months. Kansas City-based Perspective Architecture + Design is overseeing the design of the renovation, which will include upgrading the security desk and surrounding area with new doors, millwork, flooring and ceiling; transforming underutilized space into a mother’s room, wellness room and additional restroom; adding two restrooms and upgrading an existing restroom for all-gender use; installing audio/visual equipment and a security system featuring video monitoring; upgrading the lobby with new front doors, lighting, ceiling, furniture and branding elements; improving the cafeteria and kitchen by expanding the back-of-house, upgrading finishes and installing new culinary and ventilation equipment; adding new furniture, grills, fans and lounge area to the outdoor patio; and installing two parking lot EV chargers.

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AcquisitionsSelf-StorageSoutheastTennessee

SmartStop Purchases 471-Unit Self-Storage Facility in Metro Nashville

by John Nelson

MURFREESBORO, TENN. — SmartStop Self Storage REIT Inc. has expanded its presence in the Tennessee market after acquiring a storage facility at 1323 N.W. Broad St. in Murfreesboro, roughly 35 miles southeast of downtown Nashville. The seller and sales price were not disclosed. The newly acquired facility spans 62,100 rentable square feet and features 471 storage units, including 384 drive-up units and six RV units distributed across 12 single-story buildings. California-based SmartStop has an owned or managed a portfolio of 217 operating properties in 23 states, Washington, D.C., and Canada, comprising approximately 155,700 units and 17.5 million rentable square feet.

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AcquisitionsMultifamilySoutheastTennessee

Origin Investments Purchases Queens WeHo Apartments in Downtown Nashville for $79.4M

by John Nelson

NASHVILLE, TENN. — Origin Investments has purchased Queens WeHo, a 221-unit apartment community located in downtown Nashville’s Wedgewood-Houston neighborhood. The sales price was not disclosed, but multiple media outlets report the property traded for $79.4 million. Queens WeHo represents the second acquisition of the Chicago-based buyer’s Origin Exchange Delaware Statutory Trust (DST) investment program that launched in June 2024. The seller, Proffitt Dixon, delivered Queens WeHo in 2023. The property was 94 percent occupied at the time of sale and features a mix of studio, one-, two- and three-bedroom apartments ranging in size from 559 to 1,120 square feet. The ground level features a 6,461-square-foot restaurant space fully occupied by Mercado by Butchertown. Russ Oldham led the Walker & Dunlop brokerage team in the sale. Jamie Butler, Cliff Ayers, Jason McFadden, Brett McGuire and Michael Bowles, also with Walker & Dunlop, arranged acquisition financing on behalf of Origin Investments.

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