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.
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
Posted in Company News
Tagged Ashley Bishop, Book of Lists, Broker, CRE, HealthSpring MetroCenter, Jimmy Pickel, Nashville, Nashville Business Journal, Tarek El Gammel, Todd Alexander, Viera Cool Springs
The 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.
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.
In 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.