AUSTIN BENEDICT Urban Leasing Expert TENANTS WE …/media/files/nashville... · 352 Apartments, 25...
3
CBRE RETAIL NASHVILLE’S AUTHORITY IN RETAIL LEASING TENANTS WE REPRESENT AUSTIN BENEDICT Urban Leasing Expert [email protected] +1 615 493 9221 Austin Benedict serves within CBRE Nashville’s Retail Services Group focusing specifically on leasing and investment opportunities in the retail sector of Nashville’s core and surrounding urban areas. Austin’s history of mixed-use retail leasing assignments ranges from multi-family high-rises, and office developments, to hotels and even parking structures. Working with both existing and new construction projects, Austin advises clients through all phases of the retail development life-cycle including retail design, tenant merchandising, and the transaction negotiation process. His history of successful assignments evidences Austin’s ability to consistently recruit retail and restaurant tenants who harmonize within the greater project. Austin continues to list and lease to completion more projects in the urban core than any competing broker. John Maxwell serves CBRE Nashville’s Retail Services Group with expertise in tenant representation and retail leasing throughout Middle Tennessee. Specifically, John specializes in representing restaurants, bars and lifestyle retail brands looking to enter the Nashville urban core, with significant experience helping clients navigate through the extremely competitive landscape and difficult negotiation process. This base of experience and knowledge translates into effective representation for Landlord leasing assignments. John’s knowledge of tenants searching the marketplace, combined with the list of tenants which John represents exclusively, is a powerful tool for Landlords in recruiting the best available tenants to projects listed with John. Understanding the unique perspectives of a diverse array of Tenants translates directly to John’s positive track record of consistently bringing thriving, successful brands from across the nation to Music City. JOHN MAXWELL Tenant Representation Expert [email protected] +1 615 493 9230 LANDLORDS WE REPRESENT METROPOLITAN DEVELOPMENT HOUSING AGENCY STARBUCKS COFFEE OTHER EXPERIENCE
Transcript of AUSTIN BENEDICT Urban Leasing Expert TENANTS WE …/media/files/nashville... · 352 Apartments, 25...
CBRE RETAILNASHVILLE’S AUTHORITY IN RETAIL LEASING
TE
NA
NT
S W
E R
EP
RE
SE
NT
AUSTIN BENEDICTUrban Leasing [email protected] +1 615 493 9221
Austin Benedict serves within CBRE Nashville’s Retail Services Group focusing specifically on leasing and investment opportunities in the retail sector of Nashville’s core and surrounding urban areas. Austin’s history of mixed-use retail leasing assignments ranges from multi-family high-rises, and office developments, to hotels and even parking structures. Working with both existing and new construction projects, Austin advises clients through all phases of the retail development life-cycle including retail design, tenant merchandising, and the transaction negotiation process. His history of successful assignments evidences Austin’s ability to consistently recruit retail and restaurant tenants who harmonize within the greater project. Austin continues to list and lease to completion more projects in the urban core than any competing broker.
John Maxwell serves CBRE Nashville’s Retail Services Group with expertise in tenant representation and retail leasing throughout Middle Tennessee. Specifically, John specializes in representing restaurants, bars and lifestyle retail brands looking to enter the Nashville urban core, with significant experience helping clients navigate through the extremely competitive landscape and difficult negotiation process. This base of experience and knowledge translates into effective representation for Landlord leasing assignments. John’s knowledge of tenants searching the marketplace, combined with the list of tenants which John represents exclusively, is a powerful tool for Landlords in recruiting the best available tenants to projects listed with John. Understanding the unique perspectives of a diverse array of Tenants translates directly to John’s positive track record of consistently bringing thriving, successful brands from across the nation to Music City.
JOHN MAXWELLTenant Representation [email protected] +1 615 493 9230
LA
ND
LO
RD
S W
E R
EP
RE
SE
NT
M E T R O P O L I T A N DEVELOPMENT
HOUSING AGENCY
STARBUCKS COFFEE
OT
HE
R E
XP
ER
IEN
CE
CASE STUDY: ENCORE100% Leased and Showcases Nashville’s #1 White Tablecloth Restaurant The Encore project includes a 333-unit condominium tower with street retail located in the “SoBro” district of Downtown Nashville, just two blocks south of Broadway. Austin’s assignment included +20,000 square feet of urban street retail intended for both restaurant and other retail uses. Austin assumed the assignment at 0% occupancy and leased the project to 100% occupancy with the following tenants:• Etch restaurant, featuring Deb Paquette who was voted Nashville’s #1 chef sixteen times• The Farm House• Bakersfield Tacos & Tequila• Ensemble Boutique• Jimmy John’s Gourmet Sandwiches• Steadfast Coffee & Cocktails• Daily Juice• Metropolitan Wine & Spirits
Austin achieved the highest market rents for non-Broadway retail in the Central Business District core. Because of Austin’s leasing efforts, when the retail space was sold in October 2015, the property achieved the highest recorded sales price ($588 PSF/6.25 cap) for multi-tenant retail in Nashville’s history. This sale
CASE STUDY: SKYHOUSE NASHVILLE100% Pre-Leased ahead of Project’s Construction Completion DateSkyHouse Nashville is comprised of a 25-story luxury apartment tower including a total of 352 residential units, 497 parking stalls and 10,252 SF of street-level retail. The project was developed in the Midtown area of Nashville at the marquee corner of Broadway and 17th Avenue South.
The Developer charged Austin with the following objectives: 1. Secure a great mix of retail tenants who complement each other; and2. Tenants need to be an amenity to future residents, the neighborhood, and aid pre-leasing apartments; and3. Have all the leases executed before the project’s construction completion date.
Austin achieved all of these requirements by pre-leasing 100% of SkyHouse’s 10,250 square feet of retail to the following retail tenants: • Louie’s Wine Dive• Capriotti’s Sandwiches• Grabbagreen• Orangetheory Fitness
CBRE Retail 150 4th Avenue North, Suite 2110
Nashville, Tennessee 37219
18TH & CHET (Breaking Ground Q2 2017)18th Avenue South & Chet Atkins PlaceNashville, Tennessee 37203Developer: Spectrum | Emery126,000 SF Office Bldg, Midtown9,000 SF Street-Level Retail
ENCORE CONDOMINIUMS 301 Demonbreun StreetNashville, TN 37201Developer: Novare Group/Giarratana/Jamestown333 Condos, 21 stories, SoBro area of CBD20,000 SF Street-Level Retail
L&C TOWER401 Church StreetNashville, TN 37219Owner: CIM Group277,000 SF Office Building, CBD core13,800 SF Street-Level Retail
BANK OF AMERICA PLAZA414 Union StreetNashville, TN 37219Owner: Lingerfelt Commonwealth Partners440,000 SF Office Building, CBD core1 Street-Level Restaurant
SHOPS OF ARTS AVENUE147 5th Avenue NorthNashville, TN 37219Developer: Metropolitan Devlp Housing Agency1,010-Stall Structure Parking Garage, CBD Core8,000 SF Street-Level Retail
CUMBERLAND APARTMENTS555 Church StreetNashville, TN 37219Owner: New York Life Real Estate Investors289 Residential Units, CBD core3 Street-Level Retail/Restaurants
THE EDISON (Under Construction) 444 East Trinity Lane Nashville, TN 37216Developer: Greenline Partners16 Townhomes, 22 Apartments5,200 SF Street-Level Restaurant/Retail
SKYHOUSE NASHVILLE 1701 BroadwayNashville, TN 37203Owner: Novare Group/Simpson Housing352 Apartments, 25 stories, Midtown10,250 SF Street-Level Retail
CITY LIGHTS(Under Construction) 20 Rutledge StreetNashville, Tennessee 37210Owner: Richard Rhea, Meeks + Partners71 Luxury Condos & 5,150 SF Restaurant
LIVERY AT 5TH & MONROE(Pre-Leased & Breaking Ground Q2 2017) 1235 5th Avenue North Nashville, TN 37208Developer: Jim Creason10,000 SF, 3-Levels Retail & Restaurant Build-To-Suit
THE MORRIS (Under Construction)818 19th Avenue SouthNashville, TN 37203Developer: Lennar Multifamily Communities300 Luxury Apartments, 19 stories, Midtown6,200 SF Street-Level Marquee Restaurant
CAMBRIA HOTEL AND SUITES(Under Construction) 118 8th Avenue SouthNashville, TN 37203Developer: Fillmore Hospitality255-Key Luxury Hotel, CBD core7,790 SF Street-Level Marquee Restaurant
B R O K E R ’ S R E L E V A N T E X P E R I E N C E
CBRE Retail 150 4th Avenue North, Suite 2110
Nashville, Tennessee 37219
