Case studies

River North

Parcels F & G

Status: Closed December 2021

Site size: 3.71 acres

Purchaser: GBT Realty

Results: $60 million ($371 psf)

Presented a confidential process to a select group of established developers
The site is situated adjacent to the newly announced Oracle Campus and Creek Lane’s Riverfront development
The existing zoning allows for up to 3.2 million square feet
Oracle and the State have committed $215 million to the infrastructure for the area to be completed by 2023
Exceeded seller's pricing and timeline expectations

407-417 7th Avenue South

Status: Closed March 2020

Site size: 1.24 acres

Purchaser: RC Nashville Development Partners

Results: $35 million ($648 psf)

Represented Mainland Companies for the leasing assignment in addition to securing the equity partner for a mixed-use office and retail development
Equity Partner decided that multifamily was a safer choice for development after the Amazon announcement so the local developer decided to sell the property
RC Nashville Development Partners purchased the site for a mixed-use development of the Ritz Hotel and Residence allowing Mainland Companies to partner on a portion of the site for multifamily
Sale price per square foot exceeded Seller’s expectation

805 & 809 Division Street

810 Division Street

Status: Closed Dec 2019 | Closed Dec 2020

Site size: 2.38 acres | 1.38 acres

Purchaser: Dinerstein Companies | Mill Creek Trust

Results: $21.5 million ($202 psf) | $19 million ($316 psf)

Strategically planned the sale transaction of the 805 & 809 parcels with the owner/user’s move to new location
Downtown Code (DTC) Zoning with a height allowance of 12 stories for parcels 805 & 809 and 22 stories for the 810 parcel
Strategic high-profile location in the Gulch
Multiple offers received from multifamily and hospitality commercial developers
Overcame significant easement barriers on the 810 parcel

9th Avenue North

Status: Closed July 2021

Site size: 0.46 acres

Purchaser: ABP Capital

Results: $7.1 million ($354 psf)

Represented Seller on Disposition of Property and secured two new locations for their retail business
Site is in the path of progress in the Gulch South area where every neighboring parcel was under redevelopment
The two parcels were both under utilized as single story retail with minimal parking
Buyer will carry the site as a retail use before redeveloping as a residential tower projected to break ground in 2023