Tag Archives: restaurants

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

July was a great month for commercial real estate in Nashville.

Southeast Venture’s Retail Broker team of John Cavin & Jonathan Petty together have leased the following spaces in the past couple weeks:
Firehouse Subs is now open in Goodlettsville. They leased 2,150 sq.ft. storefront in the Publix Shopping Center.

Construction has started on a new office for Bernard Health Insurance, which leased a 1,900 sq.ft. building located at 720 Thompson Lane (the former Wolf Camera building).

The building that formerly housed the Berry Hill Liquors at 708 Thompson Lane will be subdivided into three rentable spaces. A1 has been leased to Nashville Daily Spirits (2,000 sq.ft), A2 was leased to Firehouse Subs (1,984 sq.ft.) and A3 was leased to Berry Hill Market (1,500 sq.ft.)

Music City Carpet and Flooring leased 1,000 sq.ft. of the existing Dollar General Market strip center at 287 New Shackle Island Rd., in Hendersonville.

Finally, SOLA Salon leased 5,600 sq.ft. of the Tower Shopping Center on Cadillac Drive in Brentwood.

Big Deals Afoot at Southeast Venture

The brokers at Southeast Venture have been working overtime to put together some impressive deals in Nashville commercial real estate.

The former Beazer Homes building

Jimmy Pickel and Coleman Boyd brokered the sale of the former Beazer Homes building at 4344 Kenilwood Drive. The .84-acre property was sold for $950,000 to Dr. Louis Laratta who plans to convert the property to medical facility for the treatment of diseases of the eyes for small animals. Ben McKnight with the Horrell Company represented the seller.

Champion Car Wash

Champion Car Wash, located at 4007 Charlotte Ave. was sold for $950,000 to H.G. Hill Realty Company, which owns the adjacent property. Southeast Venture represented both the buyer and the seller.

The DePaul medical office building

Saint Thomas Health Systems leased 15,000 square feet of the DePaul medical office building at 1800 Medical Center Parkway in Murfreesboro. J.T. Martin represented the building owners.

Firehouse Subs

Southeast Venture is the exclusive agent for Firehouse Subs in Middle Tennessee. Jonathan Petty has been working with the company to lease four locations since November of last year: Smyrna and Goodlettsville locations are open, restaurants at Hill Center at Nashville West and Hermitage are under construction. A lease agreement is nearly complete for the fifth location in Berry Hill and a sixth in Murfreesboro.

The Tilted Kilt

Jonathan Petty brokered the sale of the former Applebees restaurant building located at 230 East Main St. in Hendersonville. The new owners are planning $750,000 in renovations before opening The Tilted Kilt a Celtic-themed sports bar with locations throughout the Southeast and Midwest.

Jets Pizza

Jets Pizza is a fast-growing gourmet pizza delivery franchise based in Detroit with a dozen locations in Middle Tennessee. Jonathan Petty represented Pizza Works LLC on the negotiation of their Hermitage, Hendersonville, and Gallatin locations.

Caldwell Square

Anchored by a Publix Supermarket, the Caldwell Square shopping center is located at 460 Long Hollow Pike in Goodlettsville. Jonathan Petty and Jon Cavin have successfully brokered leases for three businesses in the shopping center since the beginning of the year, including Curves for Women, Firehouse Subs and Singleton Family Practice and Weight Loss Center. The shopping center is owned by Ledbetter Properties at Rome, Ga. All three businesses are open and operating.