LEAD Public Schools pays $1.9M for Metroplex site

Three-building complex likely to be school

LEAD Public Schools has paid $1.9 million for Metroplex Gardens, a three-building complex located near the Harding Place and Interstate 24 exchange and will at current school year's end move the campus of LEAD Prep Southeast to the site, the Nashville-based nonprofit said in a release.

Lead Prep Southeast is LEAD's newest public charter school.

“We couldn’t be happier about the location of this property,” said Chris Reynolds, CEO of LEAD Public Schools. “The location is not only convenient to our families, but continues our history of partnering with Metro Nashville Public Schools to open schools in growing parts of the city, like Antioch.”

The office buildings, which contain 60,000 square feet, are located at 531 Metroplex Drive. CapStar Bank provided the mortgage financing.

Papermill Associates was the seller. The Atlanta-based company paid $3.3 million for the property in 1997.

Brian Jernigan (pictured), a leasing agent with Eakin Partners, represented LEAD, while Laura Grider (pictured) with Horrell Company represented Papermill.

“The school has made a great buy at the right time,” Jernigan said.

LEAD Prep Southeast is the fourth charter school opened by LEAD Public Schools and will serve students in grades 5-12. The school uses a mixture of traditional and personalized learning approaches to reach students individually and will have a 1:1 computer to student ratio.

“This space will have real impacts on the services we can deliver to our students and their families," Chris Elliott, LEAD Prep Southeast school director, said in the release. "We hope this building will serve as a hub in the community, one that has already embraced our mission to do Whatever It Takes to send all of our students to a four-year college.”