CBRE has successfully secured $38.5 million in construction financing for the development of Village Green, a new 90,525-square-foot shopping center located in Nolensville, Tennessee.
The borrower, Watkins Real Estate Group was represented by Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder from CBRE Capital Markets’ Debt & Structured Finance team. The construction loan was obtained through ServisFirst Bank.
Situated on a 16.98-acre site at the intersection of Nolensville Road and Rocky Fork Road just 18 miles south of downtown Nashville,Village Green will consist of nine buildings anchored by Publix grocery store.
Watkins Real Estate Group is an Atlanta-based family-owned company that specializes in commercial real estate development and management throughout the Southeast region. With over 4.7 million square feet developed to date including more than fifty projects with Publix Super Markets as anchor tenants,and over eleven thousand multifamily units,Watkins continues to be a leader in their industry.
This news comes as CBRE continues to make strides within the commercial real estate market,reinforcing their position as one of the top firms globally.
