Downtown Nashville Property Sells for $125M
- Dec 04, 2015
By Adelina Osan, Associate Editor
An urban core redevelopment site in downtown Nashville has recently changed hands for $125 million. DPG Investments LLC provided advisory services to the buyer, San Diego-based Southwest Value Partners.
The nearly 15-acre campus has been the home of LifeWay Christian Ministries for decades, but LifeWay’s planned relocation caused the downtown campus to become available for alternative uses. The nine-building property features more than 1 million square feet of office, warehouse and parking space.
“DPG and its affiliates specialize in complex transactions, of which this is an excellent example. We advise firms on capital structuring solutions for most real estate and corporate needs,” DPG Chairman Dan Galvanoni said in prepared remarks.
“Nashville is one of the most dynamic markets in the southeast, experiencing significant real estate development. DPG is pleased to have contributed to this growth by facilitating the transaction for this important site,” added Joe Joseph, the firm’s managing director of Real Estate Finance.