Tag Archives: brokerage

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”.

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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.

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 transforms an empty shell into a light-filled office for the Bradford Group

the Bradford Group lobby

the Bradford Group lobby

When the Bradford Group needed a new home for its growing public relations agency, the firm turned to Southeast Venture Principal Randy Parham and Broker James Roscoe High to find the perfect space. Randy and Roscoe found the perfect space—an office condo on the second floor of the iconic glass and red-steel Fifth & Main Building in East Nashville—then brokered the purchase for Bradford, using their experience to negotiate an attractive price and favorable terms.

the Bradford Group Conference Room

the Bradford Group Conference Room

The Bradford Group then worked with Ginny Caldwell and Shannon Mikula of Southeast Venture’s interior design team to turn the new space, which was an empty shell, into the light-filled office the Bradford Group’s smart and creative team need.

the Bradford Group Kitchen

the Bradford Group Kitchen

There is only one office in the Bradford Group’s office that is not exposed to natural light. Because interior walls are broken up with lots of glass, even interior offices get plenty of sunlight. The highlight of the space is the break room and kitchen, where floor-to-ceiling windows provide a panoramic view of downtown Nashville.

the Bradford Group

the Bradford Group – view from the kitchen

Additionally, the agency’s primary brand color—Pantone Yellow 123—can be found throughout the office: in the carpet, on the walls, surrounding the reception area and kitchens, in chair fabrics, etc. Southeast Venture worked with the Bradford Group to ensure that the corporate color is prominent in the space, though not overwhelmingly so.

Services Provided

Brokerage

Interior Design

Project Scale

5,500 SF

Project Timeframe

2013-2014

Welcome Ashley Bishop to the Southeast Venture Team

Welcome Ashley Bishop, who has joined us as a broker and CCIM candidate.

Ashley’s extensive experience in brokerage and development in both residential and commercial real estate makes him an ideal addition to our brokerage team.

With 15 years of industry experience, Ashley most recently worked at Retail Property Management, Inc., where he served as a broker and development manager since 2006.

At Southeast Venture, Ashley will specialize in multi-family and retail properties, offering services in both leasing and sales, in addition to market analysis, site selection and land sales.