Branch, Crosland Southeast Sell One Bellevue Place in Nashville to MetLife for $93 Million

waverly
Local Whole Foods-anchored retail development fetches nearly $70M in sale
January 29, 2019
Eastland-Rendering-10.23.2020
As plans for former Eastland Mall site take shape, developer eyes 2020 start
June 20, 2019

Shopping Center Business
January 28, 2019

Nashville, Tenn. Branch Properties LLC and Crosland Southeast have sold One Bellevue Place, a 355,240-square-foot power retail village in Nashville, Tennessee’s Bellevue neighborhood.

MetLife acquired the asset for $93 million. Located at 7620 Highway 70 South, the shopping center is part of a redevelopment of the former Bellevue Center mall that now includes retail, entertainment venues, hotel rooms, office space, residential units and the training facility for the NHL’s Nashville Predators. The retail asset is anchored by Carmike Cinemas, Burlington Coat Factory, Sprouts Farmers Market, HomeGoods, Michaels, Ross Dress for Less, PetSmart, Off Broadway Shoes, Ulta Beauty and Kirkland’s. In December, Southeast Real Estate Business reported that Novel Bellevue Place, the 337-unit residential community within One Bellevue Place, was sold. CBRE represented the sellers in the transaction.

Read the original article in the Shopping Center Business.