Southeast Venture designs new apartment complex on Elliston Place

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If you haven’t heard, we are collaborating with Grace Development on a new 300-unit apartment complex at 2305-2311 Elliston Place. Grace Development submitted its request for SP zoning to the Metro Planning Commission on Thursday, January 15.

We look forward to designing this new building, which will be comprised of a six-story façade of masonry stone, brick and glass, which is lined with apartments facing Elliston Place. At the street level 13,000 square feet of retail space will serve to further activate the pedestrian friendly neighborhood. Set back from the Elliston Place façade will be a high rise portion which is positioned over a concealed multi-story parking structure. The glass and stone tower will contain the majority of the apartment units.

Elliston aerial perspective“We are excited to offer this new and exciting mixed-use and amenity-driven apartment product to our long-standing tradition of owning and managing urban apartments throughout Midtown Nashville,” said Jim Stadler of Grace Development. “In working with our architect, our objective has been to create a mixed-use project that complements the neighborhood. We’ve had positive meetings with Council Lady Edith Taylor Langster and are excited to be working with her on this significant project for the West End-Elliston Place corridor.”

Paul Plummer, Design Principal here at Southeast Venture said, “We’ve had excellent meetings with the Planning Staff to achieve a design solution which is consistent with the long range plan for the area and which nurtures the pedestrian oriented mixed-use vibe of Elliston Place.”

“We are honored to work with Grace Development on this exciting new project in Nashville’s thriving midtown,” Plummer said. “The characteristics of this location called for a creative approach and we are pleased with the result. I believe it will become an important landmark on Elliston Place, which has always been one of my favorite parts of Nashville.”

Assisting Southeast Venture in the design of the new Elliston Place apartments are civil engineering firm Barge-Cauthen & Associates and landscape architects Hodgson & Douglas.

150113 Elliston Night Render

Southeast Venture developing office building in Brentwood’s Mallory Park

We are excited to share that we are developing the first phase of a two-phase office project near Cool Springs Galleria in Brentwood.

The first phase of the project – two 40,000-square-foot office buildings with a middle courtyard that provides a “campus feel” – will be constructed on a 12.5-acre lot on Mallory Lane in Mallory Park. (Southeast Venture also developed Mallory Park, which is owned by Tennsco, a Dickson-based company.) Construction is scheduled to begin in mid-March and be complete within approximately eight months. The 70,000-square-foot second phase of the project will be built at a later date.

The new development, which will be a one-story building designed to accommodate multiple tenants, fills an important niche in the Cool Springs area – an office building with plenty of parking. It will be the only building in the area offering six parking spaces per 1,000-square-feet of office space. The norm is only four spaces per 1,000-square-feet.

The building, which will be designed by our design division, will be similar in style to a two-office complex that Southeast Venture developed in Nashville’s MetroCenter business park for HealthSpring.

The property is within walking distance of two new parks – one 8.5 acres and the other 14 acres – that the City of Brentwood plans to build in 2015 and connect by a pedestrian walkway. At the request of neighbors, neither park will be lighted. The land for the parks was donated by the owners of Mallory Park. Also, the 8.5-acre park, which is the one closest to our building and has vehicle access from Mallory Lane, will be an active park. This means it can be reserved by Brentwood civic or business organizations for outdoor activities.

Welcome to the team, Treanor

Have you hearTreanor Granberyd the news? Treanor Granbery has joined the Southeast Venture team as a broker. He specializes in working with retail and restaurant properties in tenant and owner representation.

The Nashville native most recently worked as an intern here at Southeast Venture, starting October of this year within the brokerage and property management divisions. Prior to joining our team, Granbery worked in the food and hospitality industry for several years.

Treanor graduated from the University of Mississippi with a bachelor’s degree in hospitality management. He also received a culinary arts degree from the Cook Street School of Culinary Arts.

Treanor’s strong background in the food, hospitality and retail industries will definitely be an advantage to him with Nashville’s rapidly growing restaurant and retail scenes. We welcome him to our team.

We’ve promoted Tarek El Gammal to Principal and Jon Petty to Director of Retail Services

Join us in congratulating Tarek El Gammal, who has been promoted to Principal, and Jon Petty, who has been promoted to Director of Retail Services.

 Tarek El GammalTarek has been with Southeast Venture since 2010, when he joined as a broker to lead the firm’s multifamily investment sales, advisory and development activities. In 2013, he was promoted to associate.

 Tarek has worked with a variety of clients on sales and leasing transactions valued at over $140 million representing over 1.5 million square feet of commercial space. In 2013, he took a leadership role in the firm’s involvement of 12South Flats, the highly regarded mixed-use development co-developed by H.G. Hill Realty Company and Southeast Venture in the vibrant 12South neighborhood.

Before joining Southeast Venture, he served as managing member for Queen Square Group, LLC, where he provided consulting services to regional development firms. He also worked as vice president at The Tuckerman Group/SSgA, where he participated in the financing of more than $1 billion of commercial properties throughout the U.S.

 Jon PettyJon has been a member of Southeast Venture’s brokerage team since 2007, earning his Certified Commercial Investment Member (CCIM) designation in 2012. In 2013 the Nashville Business Journal recognized Petty as one of the top-performing CRE brokers in the Nashville area by naming him a 2013 Heavy Hitter in Commercial Real Estate. He is also an active member in the International Council of Shopping Centers (ICSC), serving as President of the Next Generation Program for Tennessee and a five-year member of the planning committee for the Tennessee/Kentucky Idea Exchange.

 Jon specializes in the representation of retail tenants with site selection, lease negotiation and project management, as well as landlords and owners of retail property and projects throughout Tennessee. In 2012 and 2013, he brokered a total of 90 deals. He has also been an integral part in finding locations for new restaurant ventures that are tapping into Nashville’s growing foodie scene. Petty’s clients include Community Hospitality, owned by Miranda Whitcomb Pontes and Jim Lewis, who are planning to open celebrated Prima this month at Terrazo in the Gulch, in addition to New York City-based City Winery, who recently opened a 31,000 square-foot wine and entertainment venue in SoBro.

 Jon graduated from the University of Tennessee, Knoxville. He is a member of the International Council of Shopping Centers (ICSC) and the National Association of Industrial and Office Properties (NAIOP), and serves on the board of directors for the Certified Commercial Investment Member (CCIM) Middle Tennessee Chapter.

Congratulations to Tarek and Jon!

Southeast Venture Rises in Nashville Business Journal’s Book of Lists

Once a year, the Nashville Business Journal recognizes Nashville’s top commercial real estate companies in its much-read Book of Lists. The latest list, released a little over a month ago, makes it clear how much our firm has grown in the past year. In 2014, Southeast Venture is ranked as the #4 CRE firm by sales volume (up six places from last year) and the #8 CRE firm by lease volume (up seven places from 2013).

We wanted to take a moment here to commemorate some of the major sales and leases that contributed to this big jump in rankings.

In March 2013, the Viera Cool Springs multifamily property sold for $44 million to Viera Holdings, LLC. Southeast Venture Broker Tarek El Gammel represented the buyer and was assisted by Southeast Venture Broker Ashley Bishop.

Also in 2013, HealthSpring’s MetroCenter campus sold for $36.4 million to out-of-state investor, Griffin Capital Corporation. Southeast Venture Principal Cam Sorenson attracted the interest of several U.S. and global investors for the Southeast Venture developed property before it ultimately sold to Griffin.

Sharpened
Other notable deals:

  • $57 million sale of the Lakes of Bellevue, and the $16 million sale of Marina Point in Chattanooga, both brokered by Tarek
  • MTSU’s $11.1 million purchase of MTMC’s old hospital campus, brokered by Southeast Venture Principal Axson West
  • Department of Children’s Services deal for the Plaza I building in MetroCenter, 2013’s largest lease, brokered by Principle Todd Alexander and Broker Jimmy Pickel

It’s important for us to take time and appreciate the consistent hard work, proactive nature and victories of our team. Todd’s leadership with Southeast Venture’s team of brokers played a large role in advancing our Nashville Book of Lists rankings. Thank you for sharing in the celebration of our incredible team, clients and big wins of 2013!

- Wood Caldwell

Southeast Venture brokers sale of MetroCenter property

Southeast Venture represented a partnership, an entity in which Southeast Venture is the Manager, that recently sold a 7.5-acre property in the MetroCenter business park to real estate entrepreneur, Rusty Dunn, for $2.58 million.

According to Dunn, the undeveloped land located at 100 Cumberland Bend could be a fit for either a car dealership or apartment complex, especially with its close proximity to MetroCenter Levee Greenway and Ted Rhodes Golf Course.

Over the past eight years, Dunn has purchased approximately 32 acres of land in the office park. For more information about the sale, visit The Tennessean for full coverage, “Real estate investor buys MetroCenter land for $2.58M”.

12South Flats, A Nashville Favorite

In light of the commercial construction frenzy that began in 2010, standing out in CRE development in Nashville is harder than it was four years ago. Consequently, at Southeast Venture, we never take it for granted when our peers recognize one of our developments as a favorite building in Nashville.

The “Deftly Designed” article in Nashville Post magazine’s latest “Boom” issue is an ode to structures built during the building boom that represent the city’s trend towards urban design. 12South Flats, which we developed in a 50|50 partnership with H.G. Hill Realty Co. in 2013, was among the favorite buildings chosen by local architects and developers.

The article included a great quote by Adam Leibowitz, a managing partner of Double A Development. Leibowitz stated, “As 12South thrives as a great walkable neighborhood, 12South Flats blends in perfectly to continue that trend. The overall building is deceptively large yet the scale and design of the front elevation keeps it from looking overwhelming for the neighborhood. I find that the storefront level specifically has a high-end, classic look that draws your attention. 12South Flats is a strong bookend for the commercial stretch of 12South and is a great example of timeless culture.”

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