**Icahn-Owned Nashville Scrapyard Sells for $245 Million**
A longtime scrapyard located on Nashville’s East Bank—considered an eyesore by city officials and a barrier to redevelopment—has officially changed hands in a major real estate transaction.
The property, once owned by billionaire investor Carl Icahn, was sold for $245 million to local real estate investors David Byerly and Sam Lingo. According to reports, the purchase ranks among the largest land sales in Nashville’s history.
The scrapyard occupies a key position on the riverfront at the southern end of a 550-acre stretch of land along the East Bank. The northern end of this expanse is home to River North, the future site of Oracle Corporation’s planned 70-acre tech campus. Between the scrapyard and River North are several major mixed-use developments, including the new Tennessee Titans stadium and The Fallon Company’s master-planned East Bank development.
The deal was brokered by Bryan Fort, Frank Thomasson, and Ryan Coulter of CBRE, who represented Icahn Enterprises. The sale is expected to catalyze further transformation of the East Bank into a modern, vibrant hub for business and community life.
