Take a moment and welcome JC to Southeast Venture’s team

Have you heard? JC Darby has joined Southeast Venture as a broker. He will focus on office tenant representation.

JC DarbyMost recently, JC worked as a construction management assistant for The Beach Company, a commercial real estate firm based in Charleston, South Carolina, where he assisted in the construction of multiple projects in South Carolina and Georgia. He started at The Beach Company as a leasing consultant and participated in the leasing of a new multifamily property in Mount Pleasant, South Carolina.

JC graduated from the University of South Carolina with a bachelor’s degree in hospitality business management. While in college, he held multiple leadership roles, including serving as a founding member of the University of South Carolina’s Student Advisory Board. He also earned his MBA from The Citadel Graduate College.

We’re glad that JC has made the move from Charleston to Nashville to join our team of brokers. JC’s diverse background in both construction and management will help him to hit the ground running. We welcome him to our team.

The Catholic Diocese of Nashville Completes Two Rivers Purchase for $12.35 Million

Photo of ChurchThe Catholic Diocese of Nashville closed earlier this month on The Fellowship at Two Rivers property at 2800 and 2812 McGavock Pike for $12.35 million. Located at the corner of Briley Parkway and McGavock Pike, more than 1,550 feet of the property fronts Briley Parkway.

Set on a 37.64-acre campus, the property includes a 225,000-square-foot worship center and administrative offices. The building also includes a 3,300-seat auditorium, 70 classrooms, gymnasium, library and commercial kitchen.

Todd Alexander and Jimmy Pickel of Southeast Venture represented The Fellowship at Two Rivers in the sale. The Catholic Diocese of Nashville worked directly with Southeast Venture without a broker.

It is our understanding that The Catholic Diocese plans to use the facility in a similar fashion as The Fellowship did, which of course is the highest and best use for the property. It’s a fabulous facility that’s on a very large campus and still located within the city. When looking for a buyer, we had parties interested in turning the space into retail or interested in the vacant land, but, in the end, the best use ended up being the current use.

Exterior Photo

For a short time, The Fellowship at Two Rivers will remain in the building as a tenant while they secure new places of worship in Donelson, Mt. Juliet and other parts of Middle Tennessee.

Southeast Venture brokers sale of Music Square property

Music-Square-1In July 2014, Southeast Venture Principal Todd Alexander and Broker Jimmy Pickel represented the Bradley family and Chet Atkins trust in the sale of the building and property at 30 Music Square West, Nashville.

The 20,886-square-foot, three-story office building was built in 1969 and sits on 0.81 acres of land. Brentwood-based developer Bravo Development Group, LLC purchased the property for $4.075 million. Matt Kwasek of Kwasek Commercial Real Estate represented the buyer.

The site is zoned for both office and residential use.

Services Provided

  • Brokerage

Project Scale

  • 20,886 SF / 0.81 AC

Project Timeframe

  • 2014

Music-Square-3 Music-Square-2

Walton Closes On 252 Acres in Fairview, Tennessee

“Trails of Brownlyn,” a planned unit development (PUD) in Fairview, Tennessee was purchased yesterday for $4.4 million by Walton Tennessee, LLC, an affiliate of Walton Development and Management (WDM), a land management and development company based in Roswell, Georgia.

Walton Tennessee, LLC purchased the 252-acre tract from John Rutledge. Ted Boozer of Franklin Real Estate Group, Inc. represented Rutledge, and Southeast Venture brokers Greg Coleman and Ashley Bishop represented the buyer in the sale.

The “Trails of Brownlyn” PUD is approved for 725 residential units. 

Trails-of-Brownlyn-site-plan“Trails of Brownlyn has a lot to offer in terms of access to Nashville and the surrounding areas. This property is situated within Williamson County, which has some of the best public schools in Tennessee, and it is perfectly located to cater towards growing families,” said Paul Beidel, WDM president, Southeast region.

“Fairview has long been an area of interest for land investment given its location in Williamson County, proximity to Nashville and overall quality of life,” said Greg. “With the investment in recent years by some national retailers such as Publix and Wal-Mart, it makes sense that a quality PUD be offered to current and future homeowners in Fairview.” 

Earlier this spring, WDM made its first acquisition in the Nashville area, purchasing four parcels that make up “Carothers Crossing,” a traditional neighborhood development in Nolensville. Combined, the four parcels comprise 545 acres of land located just east of Nolensville and west of the Interstate 24 Old Hickory Boulevard exit.

Trails-of-Brownlyn-vicinity-map

“We are excited Walton is investing again in Middle Tennessee and in Fairview. We have received a lot of interest from home builders about this project,” said Ashley. “This property has a lot of potential because of its picturesque surroundings, short commute to Nashville and its proximity to top-rated Williamson County schools.”

Cigna-HealthSpring Closes on MetroCenter Corners I Office Deal

cigna-healthspring-logoWe’re pleased to report that Cigna-HealthSpring has signed a 10-year lease for the Corners I office building at 601 Mainstream Drive in MetroCenter, north of downtown Nashville.

With the new lease, Cigna-HealthSpring further adds to its Tennessee business operations in MetroCenter. The health care company currently operates out of an office campus at 500 and 530 Great Circle Road. The two buildings, which total 175,000 square feet and house 1,200 employees, was developed by Southeast Venture and sold to Los Angeles-based Griffin Capital last year.

By continuing to expand its presence in MetroCenter, Cigna-HealthSpring is further cementing its commitment to MetroCenter. Jimmy Pickel and Southeast Venture Principals Randy Parham and Todd Alexander represented the Corners I building owner, Levitt Properties, in the lease. Harrison Johnson of CB Richard Ellis represented Cigna-HealthSpring.

Corners I is a one-story, open plan office building that covers 51,574 square feet and sits on 7.5 acres of land. Cigna-HealthSpring plans to have close to 300 parking spaces.

601-mainstream-driveIn its 30-year history, MetroCenter’s Corners I office building has been leased six times, and has never been vacant more than eight months. It’s a testament to the strength of the MetroCenter submarket, with its attractive proximity to downtown Nashville. We’re excited to continue to help this area grow and flourish.

Less than 30 acres of undeveloped land remain in MetroCenter, which is less than 10 percent of the business park’s total usable land of approximately 650 acres.

Southeast Venture Purchases Property at Eighth and Division

We’re planning for a long-term investment in the growing East Gulch community

8th and DivisionWe closed yesterday on a 20,000-square-foot building at 714 8th Ave. S., which sits at the northeast corner of the Eighth Ave. and Division St. intersection. Located in a growing area recently coined “Gulch East,” the one-story building sits on 1.26 acres and has 63 parking spaces. The property was purchased for $4.25 million.

We see a lot of potential in this area of Nashville. The Music City Center has already kick-started hotel, restaurant and retail development. This will only intensify next year, when the city plans to extend Division Street over the CSX railroad tracks, which will connect two rapidly developing parts of town: the Gulch East area and lower SoBro.

As the city’s proposal for this project notes, this new connection will provide opportunities for infill development and connections between Music Row, Vanderbilt, Belmont, Midtown and the Gulch with the Lafayette neighborhood, Fulton Campus, Howard Office Building and Rolling Mill Hill. We’re excited to be a part of this growing neighborhood and expect to have a long-term partnership with the area.

The property’s current tenants will remain in the space. They include:

Tarek El Gammal represented Southeast Venture in the contracted sale. The seller, AWC Partners, worked directly with Southeast Venture without a broker.

There are a lot of opportunities for commercial and residential growth in this area as businesses and people continue to seek opportunities close to Nashville’s city center. This section of town is still developing its identity and neighborhood feel—we look forward to being a part of that transformation.

Nashville Rescue Mission beautification project complete

Mission celebrates 60th anniversary

On May 22, the Nashville Rescue Mission celebrated its 60th anniversary and showed off its new landscaping and parking lot.

As we detailed in March, the Nashville Rescue Mission underwent a beautification project that included the addition of a rain garden, raised planters, more than 50 new trees, an outdoor recreational area, increased parking and a redesigned, improved entrance into the parking lot, as well as into the building.

Here are some pictures from the event.

Crowd assembled for Nashville Rescue Mission 60th anniversary celebration

Crowd assembled for Nashville Rescue Mission 60th anniversary celebration

 

Erica Gilmore, District 19 Council Member; Glenn Cranfield, President and CEO, Nashville Rescue Mission; Max Knauss, Division 2 Constuctors; Axson West, Principal, Southeast Venture; Joe Hodgson, Partner, Hodgson & Douglas Landscape Architects; Shelley Lowe, Senior Project Designer, Barge Cauthen & Associates; Bo Adams, Senior Project Manager, H.G. Hill Realty Company; Chris Host, Assistant Project Manager, H.G. Hill Realty Company

Erica Gilmore, District 19 Council Member; Glenn Cranfield, President and CEO, Nashville Rescue Mission; Max Knauss, Division 2 Constuctors; Axson West, Principal, Southeast Venture; Joe Hodgson, Partner, Hodgson & Douglas Landscape Architects; Shelley Lowe, Senior Project Designer, Barge Cauthen & Associates; Bo Adams, Senior Project Manager, H.G. Hill Realty Company; Chris Host, Assistant Project Manager, H.G. Hill Realty Company

Glenn Cranfield, President and CEO, Nashville Rescue Mission; Erica Gilmore, District 19 Council Member

Glenn Cranfield, President and CEO, Nashville Rescue Mission; Erica Gilmore, District 19 Council Member

Ribbon for ribbon cutting

Ribbon for ribbon cutting

James Neil; Joe Hodgson, Partner, Hodgson & Douglas Landscape Architects; Richard Speer, Nashville Rescue Mission Board of Directors; Shelley Lowe, Senior Project Designer, Barge Cauthen & Associates; Max Knauss, Division 2 Constuctors; Bo Adams, Senior Project Manager, H.G. Hill Realty Company; Axson West, Principal, Southeast Venture; Chris Host, Assistant Project Manager, H.G. Hill Realty Company

James Neil; Joe Hodgson, Partner, Hodgson & Douglas Landscape Architects; Richard Speer, Nashville Rescue Mission Board of Directors; Shelley Lowe, Senior Project Designer, Barge Cauthen & Associates; Max Knauss, Division 2 Constuctors; Bo Adams, Senior Project Manager, H.G. Hill Realty Company; Axson West, Principal, Southeast Venture; Chris Host, Assistant Project Manager, H.G. Hill Realty Company

Axson West, Principal, Southeast Venture; Richard Speer, Nashville Rescue Mission Board of Directors

Axson West, Principal, Southeast Venture; Richard Speer, Nashville Rescue Mission Board of Directors

 

Nashville Rescue Mission with new landscaping and trees

Nashville Rescue Mission with new landscaping and trees

 

Nashville Rescue Mission with new landscaping and trees

Nashville Rescue Mission with new landscaping and trees

Nashville Rescue Mission

Nashville Rescue Mission

Joe Hodgson, Partner, Hodgson & Douglas Landscape Architects; Max Knauss, Division 2 Constuctors; Axson West, Principal, Southeast Venture; Greg Dew, Division 2 Constuctors; Bo Adams, Senior Project Manager, H.G. Hill Realty Company; Chris Host, Assistant Project Manager, H.G. Hill Realty Company

Joe Hodgson, Partner, Hodgson & Douglas Landscape Architects; Max Knauss, Division 2 Constuctors; Axson West, Principal, Southeast Venture; Greg Dew, Division 2 Constuctors; Bo Adams, Senior Project Manager, H.G. Hill Realty Company; Chris Host, Assistant Project Manager, H.G. Hill Realty Company

grilling

Nashville Rescue Mission employees and volunteers grilling hamburgers and hot dogs at the Mission’s 60th anniversary celebration.

Raised planters

Raised planters ready to be filled with seasonal foliage!

Glenn Cranfield

Glenn Cranfield, President and CEO, Nashville Rescue Mission

Many thanks to all the partners involved in the project.