**Icahn-Owned Nashville Scrapyard Sells for $245 Million**
A longtime scrapyard on Nashville’s East Bank — long regarded as an eyesore in the middle of a transforming part of the city — has officially been sold, marking a major shift for the area expected to become one of the most dynamic regions of town.
Local real estate investors David Byerly and Sam Lingo have acquired the property for $245 million, according to the Nashville Business Journal. The seller was famed billionaire Carl Icahn, making this one of the largest land sales in Nashville’s recent history.
The riverfront scrap operation is located at the southern end of a roughly 550-acre stretch of land. This corridor extends north to the River North area, where tech giant Oracle Corp. is developing a 70-acre office campus. Between the scrapyard and River North lies a number of major mixed-use developments, including the new Tennessee Titans stadium project and The Fallon Co.’s master-planned East Bank development.
The transaction was brokered by Bryan Fort, Frank Thomasson, and Ryan Coulter of CBRE, who represented Icahn Enterprises in the deal.
This sale is expected to play a pivotal role in the ongoing transformation of the East Bank into a vibrant and modern destination.
