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Transactions - JANUARY 31, 2022

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FCP, Third & Urban sell interests in Nashville project to CBRE Investment Management

by Released

Third & Urban and FCP® have sold their interests in Sylvan Supply, the adaptive-reuse development on Charlotte Avenue at the gateway to Nashville’s Sylvan Park, to CBRE Investment Management, which acquired the asset on behalf of its investment funds.

The project features large, open class-A office space with large windows and public corridors. Open spaces and terraces connect the eight buildings that formerly made up Madison Mill, providing outdoor workspaces. Sylvan Supply has a total of 158,000 square feet of office space and 35,650 square feet of curated dining and shopping.

It has become an 18-hour, work-play destination, with restaurants and various other retail tenants, including a brewery, a fitness studio and a salon.

“The project has had an immediately positive impact along the Charlotte Avenue corridor and has proven to be highly attractive to employers and the community alike,” said Liz Koteles, FCP vice president for comm

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