Priam Ventures has paid $1.3 million for some Germantown property for which the Nashville-based commercial real estate development company is eyeing a gym and office space, The Tennessean reports. Read more here.

SWH Residential Partners will soon begin construction of the residential component of its The Flats at Werthan Mills project now fully underway in Germantown.

The Atlanta-based company already has secured a master permit and is working on the site’s parking garage.

The Flats at Werthan Mills (read more here) will feature 282 apartments and carry a price tag of approximately $40 million. The development will serve as an anchor, of sorts, in the part of Germantown that transitions to Salemtown.

“Site work is moving well,” said John Tirrill, SWH managing partner.  “We’ll have building permits for the apartments in the next week or so.”

Tirrill said the development team is looking for a tenant for the site’s warehouse that anchors the northwest corner of the T-intersection of Taylor Street and Fifth Avenue North. The building (seen below in an image courtesy of Google Maps) fronts Fifth across from Morgan Park Place.

“We’re working on our budget,” Tirrill said of the vintage masonry building. “We’ve got interest from some prospective tenants that could make a great fit for the neighborhood.”

Tirrill declined to offer details regarding those prospective tenants.

DeSalvo Law Firm officials announced today the firm has relocated its office from historic Germantown to West End Avenue.

The firm, which specializes in entertainment, copyright and trademark law, is now operating from an office located at 1720 West End Ave.

“We are growing over the next few months, adding new attorneys, and offering a broader range of creative services,” Ramona P. DeSalvo (pictured), DLF founding member, said in a release regarding the move. “We are looking forward to an exciting 2013."

DeSalvo is executive producer for a new album on independent record label Vision Records and featuring recording artist Makky Kaylor. Titled A Little Sentimental – A Storybook Album, the album pays homage to the “Nashville Sound” of the 1960s.

Relatedly, the firm is leasing some space to entertainment attorney Christian Barker.

Barker holds a BA from the University of Tennessee, an MBA and JD from Stetson University, and a master’s degree in Environmental Law and Policy from Vermont Law School. He attended the year-long Intellectual Property Exchange at the University of New Hampshire School of Law. 

(Editor's note: This story has been modified to accurately convey the relationship between Barker and DeSalvo Law Firm.)

Nashville-based Healthcare Realty Trust has paid $16.2 million for a medical office building located in the Memphis suburb of Germantown. The Memphis Business Journal has more here.

Franklin-based developer Trust Development LLC is targeting a May groundbreaking for its Luxus Germantown following Wednesday’s Metro Historic Zoning Commission approval of the project.

The residential project, to be located at the southeast corner of Monroe Street and Fifth Avenue North, will offer a very traditional architectural aesthetic, according to Jim Creason, TD principal.

Creason will next go before the Metro Development and Housing Agency Design Review Committee and, then, will need approval from the Metro Public Works Department regarding stormwater issues. He said the company, if Metro approves, hopes to break ground by mid-May.

John Root of Nashville-based rootARCH is handling design work, while Grant Hammond will oversee sales and marketing.