**Icahn-Owned Nashville Scrapyard Sells for $245 Million**
A longstanding scrapyard on Nashville’s East Bank — long considered an eyesore amid a rapidly transforming urban corridor — has officially changed hands, marking one of the city’s largest real estate transactions.
Local real estate investors David Byerly and Sam Lingo have acquired the riverfront property for $245 million. The seller was billionaire investor Carl Icahn. The sale underscores a major step forward in the transformation of the East Bank, a highly sought-after area slated for significant redevelopment.
Located at the southern end of a key 550-acre stretch, the scrapyard occupies a strategic site near major planned developments. To the north lies River North, where Oracle Corp. is developing a 70-acre tech office campus. In between are high-profile projects, including the new Tennessee Titans stadium and The Fallon Co.’s master-planned East Bank development, which is set to deliver a mix of residential, commercial, and entertainment space.
CBRE’s Bryan Fort, Frank Thomasson, and Ryan Coulter represented Icahn Enterprises in the transaction. The deal is widely seen as a pivotal moment in the reshaping of one of Nashville’s most ambitious urban redevelopment efforts.
