Notes: Late-June finish eyed for Nations-area building


Structure to house a Spacebox self-storage facility, retail spaces

Full-scale marketing is underway related to a future mixed-use building under construction on a site sandwiched by The Nations and Sylvan Park, with a late-June completion slated.

The building (pictured) will combine self-storage and retail space and sit at 4305 Alabama Ave. Hattiesburg, Mississippi-based Spacebox Management will operate its Spacebox Storage from the building.

Birmingham-based Merchants Retail Partners is participating on the project with the site’s owner, development company York Development (which is affiliated with Spacebox and also based in Hattiesburg).

Merchants Retail Partners has enlisted Crystal Davis, a broker with the local office of CBRE, to handle the marketing of the retail spaces.

“The owners want to give the building a creative mix of tenants coupled with a [distinctive] aesthetic in efforts to fall in line with the direction The Nations has taken with recent development,” Davis said.

Davis said about 3,980 square feet collectively remain in two spaces. One space is expected to be pre-leased soon, with interest having started before the property hit the market for lease, she added.

The two-story building will span about 9,600 square.

Option Rentals, a lightweight construction equipment rental business, had operated from the previous building on the site.

Planning Commission OKs zoning for proposed Sylvan Heights-area project

Progress continues toward the start of work on a mixed-use building eyed for a large property located near Hill Center Sylvan Heights in West Nashville.

Spanning 1.92 acres and accommodating five industrial buildings, the property is located at 405 40th Ave. N. and sits at the northwest corner of the intersection of 40th and Charlotte Avenues. 405 Charlotte Development Partners owns the property, having acquired it in December 2016 for about $4.75 million, according to Metro records.

The plan includes a building of six stories and 105 feet with 167 parking spaces as a combination of surface and structured parking.

The Metro Planning Commission last Thursday approved an amendment to the specific plan zoning district that regulates the site.

Craig Freiberg, managing partner of CET Holdings, is one of the owners of the property. Brentwood-based Avenue Construction (led by Tony Harris) is handling pre-construction efforts. Dewey Engineering (Michael Dewey) and STG Design (architecture), both locally based, are also participating.

Steve Armistead, a partner with boutique company Armistead Arnold Pollard Real Estate Services, is also an owner of the property, from which Petroleum Equipment Co. operates.

Across Charlotte from the site sits Hill Realty Co.’s aforementioned Hill Center Sylvan Heights. On an adjacent site is Sylvan Station, anchored by Novatech and Five Points Pizza.

Eakin Partners’ broker Brian Jernigan is handling the marketing of the property.

The site sits within Metro Councilmember Kathleen Murphy’s District 24.

Video Gaming Technologies to lease at Mallory Green

Video Gaming Technologies Inc. will lease about 33,000 square feet of the Mallory Green office building in Cool Springs, Nashville Business Journal reports.

The building has an address of 3401 Mallory Lane.

Video Gaming Technologies designs and builds casino gaming machines.

Founder and Franklin resident Jon Yarbrough sold the company in 2014 for $1.3 billion to Australia-based publicly traded company Aristocrat Leisure Ltd.

Source Article