Duke art

The Duke

MetroCenter apartment complex The Duke has sold for $74.26 million, Nashville Business Journal reports.

The new owner of the North Nashville office park property, located at 281 Cumberland Bend, is San Mateo, California-based G.W. Williams Co.

The seller was and LLC affiliated with Augusta, Georgia-based The Giddings Group (read about the development of the site here).

Opened in 2016, The Duke offers 251 apartments. As such, the deal is the equivalent of $295,947 per unit. Nashville Business Journal reports the previous record for the sale of a MetroCenter apartment property was  $260,000 per unit.

Brett Kingman and Russ Oldham of CBRE brokered the deal, NBJ reports.

Of note, G.W. Williams paid $33.6 million in April for Atlas Germantown apartments.

The Giddings Group had planned an early 2020 start on a five-story apartment building that would sit next to The Duke at 115 Cumberland Bend. That project (read here) has yet to materialize.

My position with Nashville Post has evolved since 2000 when I began work with the now-defunct The City Paper. TCP became a Post sister pub in 2008 (when I began some Post work) and folded in 2013. I have worked mainly with the Post since late 2011.

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