Amstar Sells Northside at McEwen, a 45-acre land parcel located in Franklin, TN
Denver, CO (January 6, 2016) – Amstar announced today the sale of Northside at McEwen, a 45-acre land parcel located in Franklin, Tennessee. The buyer and sale price were not disclosed. Jim Hamilton and Richard Reid of Holliday Fenoglio Fowler, LP represented the seller in this transaction.
Northside at McEwen is the last developable parcel within the 90-acre McEwen master planned community, which Amstar previously owned and constructed in partnership with Southern Land Company. The master planned community features a Whole Foods Market anchored shopping center, two class “A” apartments totaling 370 units as well as a 175,000 square foot office building. Northside at McEwen has entitlements for additional mixed-use development consisting of commercial, residential and hotel units. The site is one-half mile west of Interstate 65, which provides easy access to all points in metro Nashville.
“It has been a very rewarding experience developing the McEwen master planned community and witnessing its transformative impact on Franklin,” said Amstar Chief Operating Officer Doug Wiley. “It’s a great piece of dirt. We are excited to see the buyer complete this development and bring to fruition our original vision for this overall site.”
Established in 1987 and headquartered in Denver, Colorado, Amstar is a real estate investment manager that acquires, develops and manages office, multifamily, retail, hotel and industrial properties in select U.S. and international markets. Originally formed to invest and manage the real estate allocation of a large family office client, Amstar has grown to more than $2.0 billion in assets under management (as of June 30, 2015). Today, Amstar is proud to provide a high degree of focus and attention to its client relationships, counting among them leaders in the private and institutional investment community. Amstar’s clients originate from across the globe and include U.S. and European institutions, insurance companies, private banks, funds of funds, and other family offices. For more information, visit www.amstar.com.