08-30-2006 3:33 PM — Houston-based The Lionstone Group continues to gobble up property around Nashville. The latest is the former Horace Small building and land at Charlotte and 28th Ave.
Lionstone recently purchased the real estate for $5 million from PLC Properties, according to property records. There have been many suitors for the property, but Lionstone closed the deal. The property sits across the railroad tracks from HCA Inc.'s campus and a short distance from Centennial Medical Center as well as several medical office buildings.
Tom Bacon, a principal in Lionstone, said no formal plans are ready to be announced. "We like that little medical niche," Bacon said. "We love that location and what's going on on Charlotte."
According to the marketing flyer for the property by Bill Hawkins and Robert Stout, brokers with Chas. Hawkins Co., the site has 9.44 acres with a 185,000-square-foot building.
Lionstone owns most of the popular strip of buildings along Demonbreun Street leading to the Music Row Roundabout. It also owns 2525 West End. Earlier this year, Lionstone bought the former Barbara Mandrell Theater at the roundabout and recently leveled the building along with the neighboring former Shoney's restaurant. The talk has been that a deal for a W hotel is being worked out. Bacon deferred on that question.
Growth | 
You must be logged in to comment. If you do not have an account, you can join our esteemed subscribers.