CBRE purchases interests in Nashville adaptive reuse mixed-use project

CBRE Investment Management, on behalf of the Strategic Partners U.S. Value 9 fund, announced that it has acquired Sylvan Supply, an eight-building, 193,663-square-foot mixed-use development in Nashville. Originally built in 1959 as a specialty wood mill, the site was redeveloped between 2018 and 2020 by FCP and Third & Urban and includes about 158,000 square feet of creative office space and 36,000 square feet of retail space. The property is 61 percent leased.

“We believe that Sylvan Supply aligns with our firm’s authentic placemaking strategy and that it provides a true mixed-use environment in an emerging area of Nashville,” said Topper Sheeny, director of commercial acquisitions at CBRE Investment Management. “The Nashville metro area continues to be one of the fastest-growing areas in the country due to its diverse economy, strong healthcare presence, abundance of local universities, and its emergence as a technology and financial hub.” Since delivery