Upscale grocery chain The Fresh Market will open in Hendersonville’s Indian Lake development, Nashville Business Journal reports.
Brentwood is home to the Nashville area's only The Fresh Market.
The Fresh Market is a publicly traded company based in Greensboro, North Carolina. The company totaled about $1.32 billion in revenue in 2013.
Read more here.
The Nashville-area micro-beer community continues to grow, with the opening of Murff’s Craft Brews and Burgers in Brentwood the latest positive development for the local scene.
Owned and operated by the same folks associated with The Corner Pub in Bellevue and Brentwood, Murff’s is located a few blocks west of Franklin Road on Harpeth Drive in the former Phillips Deli space adjacent to Maryland Farms.
Read more here at Post sister publication Nashville Scene.
The opening follows the recent announcement that Knoxville-based craft beer retail store franchise company The Casual Pint is targeting a late-June opening for a shop on Hillsboro Road in Franklin (read here).
A North Carolina maker of steel wire products is closing one of its factories and dispersing its manufacturing to three of its other locations, one of them being Gallatin. InSteel Industries is displacing 20 positions with the closure of its facility in Newnan, Georgia, which is expected to close by the end of March. The company says it will let workers relocate but it’s not clear how many of those jobs might move to Gallatin. InSteel also has locations in Houston and Sanderson, Florida. Read more here.
The Nashville office of CBRE has announced the $6.26 million sale of Gallatin-based The Shops of Village Green.
Jim Morris (pictured), senior vice president with CBRE’s investment properties retail group, arranged the sale on behalf of The Capital Corp., a Nashville-based investment and development company, according to a release.
The buyer was an unidentified New York-based investment group. Bill McKnight and K.O. Kennedy of CBRE’s debt and structured finance group handled financing for the new owners.
The 40,000-square-foot shopping center is located at 114 Belvedere Drive next to a Wal-Mart Supercenter.
“This transaction is yet another example of national investors pursuing opportunities in middle Tennessee due to the healthy market and future growth projections,” Morris said in the release. “The greater Nashville area’s strong fundamentals and growth prospects make it appealing to investors across all property types, including retail.”
Global auto parts manufacturer Magna International has signed a deal to buy fellow Canada-based company Techform for an undisclosed amount. The deal, which is set to close in the coming weeks, will add three plants to Magna's network. One of those is in Portland, where Techform has been doing business as Mechanical Components of Tennessee and cranking out latch and hinge systems as well as seat parts and other products.
Word of Magna's Techform deal comes four weeks after the company said it plans to invest $16 million in Spring Hill and hire more than 350 people for a new seat assembly plant.
Green Hills-based Anchor Investments announced today it has purchased Hendersonville's Maple Row Shopping Center.
The company did not disclose the acquisition price in a release.
Located at the intersection of Indian Lake Road and Gallatin Pike, Maple Row is a 163,000-square-foot retail strip, including outparcels that include Burger King and SunTrust Bank. The largest space — 90,000 square feet — once housed a Kmart but has been vacant since 2012.
Existing tenants, which include a Dollar General, are a mix of local and national companies, many of which have been located in the strip for decades, according to the release.
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