Prudent Growth Partners, LLC, a Chapel Hill, NC-based private equity real estate firm, has completed its $3.9-million acquisition of the Granwood Village shopping center in Old Hickory, TN. It’s Prudent Growth’s first Nashville-area deal.
Built in 1999, the property is anchored by the popular Urban Air entertainment business, and also has a set of internet-resistant tenants including Bradshaw Chiropractic, Cordell Insurance, United Martial Concepts and Care Dry Cleaners.
The property benefits from its location in a growing and affluent Nashville suburb and is surrounded by neighborhoods and residential housing. Sharing its parking lot is a high-traffic Speedway gas station with a Speedy Café.
“We are pumped to be entering the Nashville market,” said Tom Hahn, president of Prudent Growth Partners. “The Urban Air brand is a great anchor for us and drives a ton of foot traffic to the center.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).