One Goldman Sachs subsidiary foreclosed on the Belle Meade Town Center and another bought it at auction.
MLQ-BELL – which shares an address with Irving, Texas-based Archon Retail, purchased by the gargantuan investment bank 10 years ago – paid $15.3 million at a courthouse sale Tuesday for the four-acre Harding Pike retail development. Another alphabet soup Goldman sub, MTGLQ, bought the debt on the property from Wells Fargo, which originally started foreclosure on the development after its owner, BMT Associates, defaulted on its $23.6 million loan.
BMT Associates was a joint venture including Brentwood-based PGM Properties, Nashville real estate developers Tony Giarratana and Brent Smith, and an unnamed out-of-state investor who was the majority owner.
Seanachie goes back to the bank
Pinnacle Financial Partners submitted the high bid on the former site of the Seanachie Irish Pub downtown, paying $2.7 million for the long-vacant nightspot.
SSI Nashville, a Centrum subsidiary, had been reportedly shopping the property for $3 million, but were unable to secure a long-term deal, eventually defaulting on the $1.6 million loan by Pinnacle.
- FAHLEKAMP, BROOKE FEYE; KEPLEY, JOHN; KEPLEY, BROOKE FAYE; KEPLEY, BROOKE F
- GLENN, JEREMY; GRAYSON, THERESE S; GRAYSON, ALAN L
- CRABTREE DAVID P GREEN HILLS FAMILY INVESTMENTS LLC; DAVID P CRABTREE GREEN HILLS FAMILY INVESTMENTS LLC; HTC VI PARTNERS
- HAMMOND, GRANT; RADER, ERIC STACEY; RADER, KRISTIN