{"id":1004197077,"date":"2017-11-10T06:31:15","date_gmt":"2017-11-10T14:31:15","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197077"},"modified":"2022-12-07T04:32:20","modified_gmt":"2022-12-07T12:32:20","slug":"cbre-brokers-sale-of-nashville-suburb-landmark","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-brokers-sale-of-nashville-suburb-landmark\/","title":{"rendered":"CBRE Brokers Sale of Nashville Suburb Landmark"},"content":{"rendered":"<p><em>By Laura Calugar<\/em><\/p>\n<div id=\"attachment_1004197078\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004197078\" data-attachment-id=\"1004197078\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cbre-brokers-sale-of-nashville-suburb-landmark\/madisonbowl922\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1510308540&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"MadisonBowl922\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg?w=1024\" class=\"wp-image-1004197078 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg\" alt=\"The retro signage of the bowling building located at 517 Gallatin Pike N. in Madison, Tenn.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004197078\" class=\"wp-caption-text\">The retro signage of the bowling building located at 517 Gallatin Pike N. in Madison, Tenn.<\/p><\/div>\n<p>CBRE has facilitated the sale of the bowling building located at 517 Gallatin Pike N. in Madison, Tenn. The 28,357-square-foot property situated on 3.5 acres changed hands for $2 million. CBRE represented the seller, CBC Ltd., and Benchmark Realty represented the buyer, Frank May. CBC Ltd. is the original developer of the property and operator of the bowling alley.<\/p>\n<p>Built in the late 1950s, the building hosted various tournaments, parties and local events until closing its doors five years ago. The property has been included on Historic Nashville\u2019s \u201cNashville Nine\u201d list. <em>\u201cThe retro signage and mid-century details of the structure are landmarks in Madison,\u201d<\/em> said Mia Keller, associate with the CBRE Retail Investment Properties team in Nashville, in prepared remarks.<\/p>\n<p>\u201c<em>We see great potential in the Madison bowling venue and location. We also plan to highlight the integrity of the property\u2019s unique signage and building design going forward,\u201d <\/em>said May.<\/p>\n<p>CBRE\u2019s Keller and Paul Gaither represented the seller in this transaction. Stuart Wiston of Benchmark Realty worked on behalf of the buyer and is also acting as leasing agent for the property. <em>\u201cWe have already had several inquiries from different interested users. I am truly excited by the possibilities of redeveloping this property,<\/em>\u201d said Wiston.<\/p>\n<p>This year, CBRE also arranged the $19.3 million sale of an 86,118-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-structures-19m-rd-sale-leaseback\/\">research and development building<\/a> in Fremont, Calif.<\/p>\n<p><em>Image courtesy of CBRE <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 28,357-square-foot historic bowling building in Madison, Tenn., traded for $2 million. CBC Ltd. sold the property to Frank May, a buyer represented by Benchmark Realty. <\/p>\n","protected":false},"author":238,"featured_media":1004197078,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,21752,36077,21742],"tags":[38299,38300,32789],"class_list":["post-1004197077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-mixed-use","category-nashville-knoxville","category-latest","tag-benchmark-realty","tag-cbc-limited","tag-cbre"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBRE Brokers Sale of Nashville Suburb Landmark - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-brokers-sale-of-nashville-suburb-landmark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Brokers Sale of Nashville Suburb Landmark\" \/>\n<meta property=\"og:description\" content=\"The 28,357-square-foot historic bowling building in Madison, Tenn., traded for $2 million. CBC Ltd. sold the property to Frank May, a buyer represented by Benchmark Realty.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-brokers-sale-of-nashville-suburb-landmark\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-10T14:31:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T12:32:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/MadisonBowl922.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-brokers-sale-of-nashville-suburb-landmark\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-brokers-sale-of-nashville-suburb-landmark\\\/\"},\"author\":{\"name\":\"Laura Valean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/2f8b737fce677cc406c08a2c29c1ff38\"},\"headline\":\"CBRE Brokers Sale of Nashville Suburb Landmark\",\"datePublished\":\"2017-11-10T14:31:15+00:00\",\"dateModified\":\"2022-12-07T12:32:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-brokers-sale-of-nashville-suburb-landmark\\\/\"},\"wordCount\":259,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cbre-brokers-sale-of-nashville-suburb-landmark\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/MadisonBowl922.jpg\",\"keywords\":[\"Benchmark Realty\",\"CBC Limited\",\"CBRE\"],\"articleSection\":[\"Deals\",\"Investment\",\"Midwest\",\"Mixed Use\",\"Nashville - 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