Tag Archives: Jon Petty

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!

City Winery Invests in SoBro; Buys Warehouse Space on Lafayette Street

Nashville’s new “brewers’ row” just added some grapes to its mix. City Winery, an urban winery with existing locations in New York City and Chicago, has purchased warehouse space on Lafayette Street in SoBro and plans to convert the space into a wine, food and entertainment venue.

Jon Petty

Jon Petty

Jon Petty, commercial real estate broker for Southeast Venture represented the buyer, City Winery Nashville, LLC, and confirmed the closing of the sale. Buist Richardson of Cornerstone Cushman & Wakefield represented the seller. The 30,000-square-foot warehouse at 609 Lafayette Street will be converted into a 350-seated music venue, 150-capacity restaurant, fully functioning winery and private event space.

“This is an example of another really unique, out-of-town concept coming to Nashville,” Petty said. “City Winery is taking an old, underutilized warehouse and converting it into an urban winery with a restaurant and entertainment venue. Nashville does not currently have a concept quite like it.”

609-lafayette-street

The building, originally part of the Sears properties, has been subdivided and predominantly used as warehouse space over the years. With the opening of the Music City Center, the extension of 8th Avenue, the pedestrian bridge slated to connect SoBro to the Gulch, and the overall growth of the SoBro district in general has resulted in many of these buildings being underutilized and targeted for redevelopment. City Winery’s Nashville outpost will sit two blocks from the new Music City Convention Center and a block from Jack White’s Third Man Records.

“City Winery is thrilled to become a part of this community. This town is a hot bed of great musicians and fans, new restaurants and hotels and wine-loving consumers,” said Michael Dorf, founder and CEO of City Winery. “The facility will make an exciting addition to the burgeoning culinary scene in Nashville and complement the established and growing music community. We are confident that our model of wine, great food and live music, in conjunction with a state-of-the-art space will be greatly received by Nashvillians.”

“Adding to a long list of developments in the area, City Winery will be another catalyst for more entertainment and hospitality themed concepts in this section of SoBro,” Petty said.

A couple weeks ago, Tennessee Brew Works officially opened its Tennessee TapRoom on 809 Ewing Avenue, just blocks from Yazoo and Jackalope. Metro Nashville also recently approved an extension of 8th Avenue South, which will bridge this section of SoBro with the Gulch. In addition, a planned pedestrian bridge that connects the Gulch to SoBro and Music City Center will help foot traffic access this area.

Construction will start early in January and City Winery expects to be open by September 2014. MTLC Building Group will be the general contractor for the concept.  The enterprise also plans to add a Napa Valley location in 2014.

Jon Petty — Southeast Venture’s 2013 Heavy Hitter

We’re proud to announce that the Nashville Business Journal has named Southeast Venture Affiliate Broker Jon Petty one of its 2013 Heavy Hitters in Commercial Real Estate. Jon was recognized as a one of the top-performing CRE brokers in the Nashville area Thursday night at the Nashville City Club.

Jon PettyHe was one of 54 total honorees, and one of 10 in the retail category. The list was broken into four categories: retail, office landlord/owner rep, office buyer/tenant rep and industrial. The NBJ ranked brokers by their total square feet sold, purchased and leased in 2012.

Jon has been a member of Southeast Venture’s brokerage team since 2007. He specializes in representing retail tenants with site selection and lease negotiations. In 2012, he brokered 41 deals, the largest of which was a 42,000-square-foot office building acquisition in Maryland Farms for the Tennessee Hospital Association (THA).

THA purchased the old M. Lee Smith Publishers building at 5201 Virginia Way in June 2012. Southeast Venture’s architecture and interior design team designed the renovation of the building’s interior and also updated the building’s exterior. Additionally, THA engaged Southeast Venture to sell or lease their existing headquarters located near the Nashville fairgrounds at 500 Interstate Blvd. S.

Jon has also been an integral part in finding homes for new restaurant ventures that are tapping into Nashville’s burgeoning foodie scene. He recently brought celebrated Miami restaurant Sardinia to a 7,000-square-foot space in Park View Towers and Prima—the newest fine-dining option from Miranda Whitcomb Pontes and Jim Lewis—to a 7,000-square-foot space in the Terrazzo in the Gulch.

In Jon’s Heavy Hitter’s Q&A he talks about three personality traits that brokers need to have; the rise of Providence in Mt. Juliet; his franchise experience; and the art of feng shui in leasing.

You can read the full write-up from today’s Nashville Business Journal below.

062113 Nashville Business Journal Heavy Hitters-Jon Petty

Southeast Venture Taps into Nashville’s Restaurant Movement

Brings Prima restaurant to Terrazzo

Terrazzo1In May 2013, Southeast Venture Broker Jon Petty and Principal Axson West helped bring Nashville’s newest fine-dining option to the Gulch by securing a lease agreement for Community Hospitality, LLC in the Terrazzo.

Local restaurateur Miranda Whitcomb Pontes and Jim Lewis, managing partner and CEO of Cumberland Consulting Group, who make up Community Hospitality, LLC, secured Chef Sal Avila for their innovative new restaurant, Prima. Sal previously worked at City House, 360 Bistro and Jay Jay’s Good Food Truck.

Terrazzo2Over the last couple years, Nashville’s burgeoning foodie scene has garnered national accolades from publications such as the New York Times, Washington Post, Forbes, Conde Nast, Bon Appétit, The Guardian and Food & Wine, and this development of new restaurants has helped spur other development around Nashville.

Prima’s 7,000-square-foot first floor space at 700 12th Avenue South fronts Division Street and sits across from Music City Flats. The restaurant will provide a unique international spin on farm-to-table dining and include an expansive wine cellar and private dining space via a mezzanine that overlooks the main dining lobby. The restaurant will use a wood-burning oven along with a mozzarella and olive bar to pair with fresh, chef driven cuisine. The restaurant is expected to open in early 2014.

Terrazzo3Location Nashville, Tenn.

Date Completed May 2013

Client Community Hospitality, LLC

Project Scale 7,000 Total SF Class A Retail Space

Services Provided Brokerage

Jon Petty Awarded CCIM Designation

Join us in congratulating Jon Petty, affiliate broker with Southeast Venture, who has been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute. The designation was awarded during the Institute’s spring business meetings April 25 in Kansas City, Missouri.

Petty was among 141 commercial real estate professionals who earned the designation by passing the Institute’s Comprehensive Examination, the final element in the designation process.  This new group of CCIM designees hails from 34 states, as well as Canada and Mexico.

The CCIM designation is awarded to commercial real estate professionals upon successful completion of an advanced analytical curriculum and presentation of a portfolio of qualifying industry experience. The curriculum addresses financial analysis, market analysis, user decision analysis and investment analysis—the cornerstones of commercial investment real estate. CCIMs are recognized experts in commercial real estate brokerage, leasing, asset management, valuation and investment analysis.