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NASHVILLE, TN—Capstone Land Sales brokered the sale of a 14.44-acre multi-family land site in the Bellevue neighborhood of Nashville.

Capstone’s Adam Klenk represented the seller, Hardy Ross of Westside Ventures, in the transaction. Front Street Partners paid $5.3 million for the site.

Located at 7116 Charlotte Pike, the site boasts proximity to Class A retail including Nashville West shopping center and One Bellevue Place. The property is currently slated for 263 multi-family units. Once completed, it will be among the Charlotte Pike corridor’s newest Class A multi-family developments alongside Novel West Nashville, Bells Bluff, and Rivertop Apartments.

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Recent Capstone Closing: 2015 Garden-Style, 249 Units in Burlington, NC

Capstone recently facilitated the sale of Retreat at the Park: a 2015 garden-style asset situated between the Research Triangle and NC Triad. This 249-unit asset is located in Burlington, NC and was approximately 98% occupied at the time of closing. The transaction was led by Capstone’s Caleb Troop, Ron Corrao, and Alex McDermott.

09

Apr

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