{"id":1004397380,"date":"2020-03-04T04:55:35","date_gmt":"2020-03-04T12:55:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004397380"},"modified":"2020-03-04T04:55:35","modified_gmt":"2020-03-04T12:55:35","slug":"nashville-monthly-cre-wrap-up-feb-2020","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nashville-monthly-cre-wrap-up-feb-2020\/","title":{"rendered":"Nashville Monthly CRE Wrap-Up (Feb. 2020)"},"content":{"rendered":"
\"\"<\/a>

222 Second Ave. Image via Google Street View<\/i><\/p><\/div>\n

The Nashville metro had its fair share of notable deals in the past four weeks. Regional and national investors continued deploying capital across sectors, following a banner 2019. In February, companies including Hines and PGIM made major moves in the Music City. Here is Commercial Property Executive<\/em>\u2019s list of Nashville must-knows for the month:<\/p>\n

1. DEAL \u2013 Hines sells office tower for $264.1 million.<\/strong><\/p>\n

Starwood Property Trust acquired the office component of the 25-story skyscraper located at 222 Second Ave. S., according to Nashville Post<\/em>. Completed in 2017, the 390,000-square-foot building includes 29,000 square feet of ground-floor retail. The tower is home to CBRE, Bank of America and Universal Music Group.<\/p>\n

2. DEAL \u2013 PGIM Real Estate pays $40.5 million for Amazon distribution center.<\/strong><\/p>\n

A partnership between Distribution Realty Group and Crow Holdings sold Interchange Center I, a 517,500-square-foot warehouse in Antioch, according to Nashville Business Journal<\/em>. Completed in 2018, the property is located on 32 acres at 3818 Logistics Way. The building is close to Interstate 24 and roughly 10 miles from Nashville International Airport.<\/p>\n

3. DEAL \u2013 Stockbridge acquires Trader Joe\u2019s-anchored retail asset. <\/strong><\/p>\n

Boyle Investment Co. finalized the $45.3 million sale<\/a> of Lion\u2019s Head Village, a 100,000-square-foot retail center anchored by Trader Joe\u2019s. The property at 90 White Bridge Road is also home to Stein Mart and Plato\u2019s Closet, with Target as a shadow anchor. JLL negotiated on behalf of the seller.<\/p>\n

4. DEAL \u2013 Winston Hospitality sells 161-key hotel poised for expansion.<\/strong><\/p>\n

JMI Realty acquired Indigo Hotel Nashville for $59.3 million, according to public records. Located at 301 Union St. on 0.3 acres, this is the company\u2019s first Music City property, Nashville Business Journal<\/em> reports. An adjacent building at 231 Third Ave., which has been approved for a 13-story extension, was also included in the deal. Granite Point Mortgage Trust is providing $50.2 million in financing.<\/p>\n","protected":false},"excerpt":{"rendered":"

Starwood shells out $264 million for office tower. PGIM buys Amazon facility. Read our February selection of Nashville real estate must-knows.<\/p>\n","protected":false},"author":867,"featured_media":1004397392,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[48884,37482,32797,48899,34714,33469],"class_list":["post-1004397380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nashville-knoxville","category-latest","tag-thewrapup","tag-amazon","tag-hines","tag-jmi-realty","tag-pgim-real-estate","tag-starwood-property-trust"],"acf":[],"yoast_head":"\nNashville Monthly CRE Wrap-Up (Feb. 2020) - 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\/nashville-monthly-cre-wrap-up-feb-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nashville Monthly CRE Wrap-Up (Feb. 2020)\" \/>\n<meta property=\"og:description\" content=\"Starwood shells out $264 million for office tower. 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