Walton Tennessee, LLC, announced today it has paid $4.4 million for a 252-acre tract in Fairview and plans Trails of Brownlyn, a development that will rank among the largest in the history of the Williamson County bedroom community.
The Trails of Brownlyn planned unit development is approved for 725 residential units. The land is located off Highway 96 and between downtown Fairview and Interstate 40.
Walton Tennessee purchased the property from John Rutledge. Ted Boozer of Franklin Real Estate Group, Inc., represented Rutledge in the sale, while Southeast Venture brokers Greg Coleman and Ashley Bishop represented the buyer.
Walton Tennessee is an affiliate of Walton Development and Management, a land management and development company based in Roswell, Georgia.
“Trails of Brownlyn has a lot to offer in terms of access to Nashville and the surrounding areas,” said Paul Beidel (pictured), WDM president, Southeast region. “This property is situated within Williamson County, which has some of the best public schools in Tennessee, and it is perfectly located to cater towards growing families.”
Earlier this spring, WDM made its first acquisition in the Nashville area, purchasing four parcels comprising Carothers Crossing, a traditional neighborhood development in Nolensville. Combined, the four parcels span 545 acres of land located just east of Nolensville and west of the Interstate 24 Old Hickory Boulevard exit. The purchase, undertaken in two acquisitions, totaled $7.1 million. (Read more here.)
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