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FCP, Third & Urban Sell Interests in Nashville Adaptive Mixed-Use Project to CBRE
Third & Urban and FCP have sold their interests in Sylvan Supply, the adaptive reuse development on Charlotte Avenue at the gateway to Nashville’s Sylvan Park, to CBRE Investment Management.
Sylvan Supply was transformed from a 60-year-old mill into a mixed-use property with 158,000 square feet of office space and 35,650 square feet of curated dining and shopping. The project features class-A creative office space terraces that connect the eight former Madison Mill buildings.
““The project has had an immediately positive impact along the Charlotte Avenue corridor and has proven to be highly attractive to employers and the community alike,” said Liz Koteles, FCP’s vp for commercial investments.
“In the midst of a global pandemic, this asset has seen incredible demand from both office and retail tenants, which we believe speaks to the unique characteristics of the property,” added Tom Harris, asset manager for CBRE Investment Management.
- ◦Sale/Acquisition
