{"id":1004387456,"date":"2020-02-03T05:29:33","date_gmt":"2020-02-03T13:29:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004387456"},"modified":"2020-02-03T05:29:33","modified_gmt":"2020-02-03T13:29:33","slug":"boyle-investment-sells-nashville-retail-center-for-45m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/","title":{"rendered":"Boyle Investment Sells Nashville Retail Center for $45M"},"content":{"rendered":"
\"\"<\/a>

Lion\u2019s Head Village. Image courtesy of JLL<\/em><\/p><\/div>\n

Boyle Investment Co. has sold Lion\u2019s Head Village, a retail center anchored by one of the four Trader Joe\u2019s locations in Tennessee. Stockbridge purchased the property for $45.3 million.<\/p>\n

\n

READ ALSO<\/strong>: Retail Remains Resilient<\/a><\/p>\n

\n

Located at 90 White Bridge Road, the nearly 100,000-square-foot retail center is home to department stores including Stein Mart, as well as thrift chain Plato\u2019s Closet. The Trader Joe\u2019s location opened in October 2019. Other such stores are situated in Nashville and two in other Tennessee cities. Nearby in a retail center at 26 White Bridge Road, a Target store is also considered to be a shadow anchor for Lion\u2019s Head Village.<\/p>\n

The 9.57-acre site is also 4 miles away from downtown Nashville and 2 miles from Vanderbilt University. Overall, Lion\u2019s Head Village is located in a very affluent area of Nashville, with more than 73,200 residents whose households have an average income of $128,184 and a total buying power of $4.3 billion.<\/p>\n

The Belle Meade\/Green Hills submarket is one of the most highly sought-after submarkets in Nashville, according to Senior Managing Director Jim Hamilton, who led the JLL Retail Capital Markets team that represented Boyle Investment in the transaction. The deal was secured by HFF before it was acquired by JLL in July 2019.<\/p>\n

New development in Nashville<\/h2>\n

In a similar deal in February 2018, Boyle sold another Nashville-area retail asset<\/a> in Mount Juliet, Tenn. The company traded Providence Commons, a 110,137-square-foot retail center to TA Realty. Outside of their retail assets, Boyle also completed a 324,000-square-foot Class A office development in May 2019<\/a>. The company delivered the 10-story building at 500 11th Ave. N. in downtown Nashville two years after breaking ground.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property is anchored by one of the four Trader Joe\u2019s locations in Tennessee.<\/p>\n","protected":false},"author":883,"featured_media":1004387474,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,36077,21742,21749],"tags":[33214,32792,32796,44465,32822],"class_list":["post-1004387456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-nashville-knoxville","category-latest","category-retail","tag-boyle-investment-company","tag-hff","tag-jll","tag-stockbridge","tag-ta-realty"],"acf":[],"yoast_head":"\nBoyle Investment Sells Nashville Retail Center for $45M - 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\/boyle-investment-sells-nashville-retail-center-for-45m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boyle Investment Sells Nashville Retail Center for $45M\" \/>\n<meta property=\"og:description\" content=\"The property is anchored by one of the four Trader Joe\u2019s locations in Tennessee.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/\" \/>\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=\"2020-02-03T13:29:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Lions-Head-Village.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/\",\"name\":\"Boyle Investment Sells Nashville Retail Center for $45M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Lions-Head-Village.jpg\",\"datePublished\":\"2020-02-03T13:29:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/boyle-investment-sells-nashville-retail-center-for-45m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Lions-Head-Village.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/02\/Lions-Head-Village.jpg\",\"width\":800,\"height\":620,\"caption\":\"Lion\u2019s Head Village. 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