This is part of our blog series in which we’re highlighting our influential partners at Southeast Venture, including information about their backgrounds, work and perspectives on real estate trends and all things Nashville. These are a few of the leaders that inspire innovation and drive our company forward, so take a few moments to get to know them.
Todd Alexander is a principal with Southeast Venture who oversees the Brokerage Division. He began his career with Southeast Venture as a real estate broker in 1999 and has since been involved in all aspects of the brokerage and commercial real estate business, including tenant representation and landlord representation, as well as acquisition and disposition services. He is currently responsible for leasing and sales of over one million square feet of office product and over 70 acres of commercial property in the Greater Nashville region.
What changes have you seen within the company during your tenure?
A lot. We went from around 25 employees to now over 50. Our Brokerage Division had three brokers when I started (including me). We now have 14. We added an Interior Design Division. We went from 5 partners to now 9. Also, our development work ramped up significantly, completing projects valued over $200,000,000. I have seen our company not only physically grow, but more importantly, we have grown a team of great people that care deeply about what they do and how they do it. Relationships are always put first. This has helped establish a great culture of like-minded people that are really fun to work with.
What trends are you seeing in commercial real estate?
Specifically with the design of space, I am seeing companies responding to a younger workforce desiring more amenities within their space and in the buildings they occupy. Space is continuing to become more open and collaborative with opportunities to use rooms in various ways. In development, I think we will start to see parking ratios in general offices start coming down over the next 5 years. There will always be some tenants that will be more dense, but how the work force gets to and from work is changing very quickly, and I believe this will have an impact on how projects will be developed.
What is your favorite Nashville project/development from the past year?
On the smaller side, I really like what Oakpoint did in the Nations with Stocking 51. We obviously have a vested interest in that area, and I think they did a great job setting the tone for more exciting developments in the area which will include Silo Studios. I also really like the new JW Marriott’s look. We need the hotel rooms, and I think the design is a great addition to Nashville’s skyline. Another one that comes to mind is Bridgestone building. Having a company like Bridgestone move to the Central Business District (CBD) is going to be nothing but a positive for downtown Nashville.
What project/development are you most looking forward to in the coming year?
I am really looking forward to see how the Nashville Yards project comes together over the next several years. While this project is a multi-year, multi-phased project, it has already kicked off with the Hyatt along Broadway. The sheer scale and location of this project has the opportunity to really be transformative. Having a mixed-use project on the periphery of the CBD, anchored by a strong entertainment venue and opportunities for new retail, is really going to be a unique gateway to our downtown.
What’s your favorite thing about Nashville?
Well, I’ve called it home all my life. I think my favorite thing is the people. I have heard all my life from people that visit Nashville, that “everyone is so friendly.” I couldn’t agree more. It is a great place to live and raise a family.
Where do you think commercial real estate is headed in the next 5+ years?
I think Nashville will continue to attract more people moving in from around the country. I also believe the quality of the workforce is improving, and this will only improve opportunities for growth in commercial and residential development. We may see a general slowdown in the next 18 months, but I think Nashville will continue to be a great growth story in the coming years.
What do you like to do in your free time?
Spend time with my wife and help raise our five kids. That is my real job….commercial real estate is just what I do in my free time.