Nashville, TN
CBRE Secures $38.55M in Construction Financing for New Publix-Anchored Shopping Center in Nolensville, TN
July 11, 2024
CBRE has secured $38,550,000 in construction financing for the development of Village Green, a new 90,525-square-foot shopping center in Nolensville, Tennessee.
Village Green will be located 18 miles south of downtown Nashville on a 16.98-acre site at the intersection of Nolensville Road and Rocky Fork Road. The shopping center will be anchored by Publix grocery store and include a total of nine buildings.
“Despite the incredible growth Nolensville has experienced over the last decade, there has been limited grocery store construction with no competitive grocers in a 3-mile radius,” said Mr. Henry, a Senior Vice President at CBRE. “Watkins has an exceptional development track record across the Southeast and has already been able to generate significant leasing momentum. This project will be a big success.”
Watkins is an Atlanta-based, family-owned, full-service real estate development and management firm focused on commercial, retail and multi-family properties throughout the Southeast. Since inception, Watkins Real Estate Group has developed 4.7 million square feet of retail including over 50 projects anchored by Publix Super Markets and over 11,000 multifamily units.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.