A concrete block warehouse located about one-half mile from downtown Nashville’s southeast fringe and once home to one of the city’s more well-established businesses is slated for a facelift.
The building (pictured), constructed in 1940, is somewhat distinctive in that it is one of a handful of World War II-era-built industrial structures located either in downtown or very near. It has an address of 11 Willow St.
Kirk Slawek, owner of Germantown-area-based video production company Gear Seven Creative, owns the property, having paid $2.75 million for it in February.
Slawek recently landed a permit, valued at about $2 million, to conduct interior demo work and renovations of the existing building and to undertake work on a future office space offering 18,000 square feet.
Nashville-based Powell Architecture and Building Studio will handle design and construction duties, according to the permit.
The building previously housed Scott Equipment Co., which was founded in 1954 and assembles school lockers and metal shelving.
Slawek told the Post in February he plans to have Gear Seven Creative, which is based at 305 Jefferson St., eventually operate from 11 Willow St. He said the company’s future status at Jefferson Street has yet to be finalized.
Of note, Slawek also owns co-working services business Deavor, which also operates at 305 Jefferson and will take some space in the 11 Willow building. The latter is located near the city’s Chestnut Hill neighborhood.
Spanning about 20,100 square feet, the building offers a distinctive bow-truss roof design.
“We love the character of the building and think it will be a great home for Gear Seven Creative,” Slawek said in February.
M Cubed Developments has 12South property under contract
The 12South property home to the venerable J.W. Adkins Funeral Home is slated to be sold to Nashville-based M Cubed Developments, Nashville Business Journal reports.
The address for tax records is 2510 12th Ave. S., with 1115 Gilmore Ave. serving as the address of the business.
Constructed in 1958, the building sits on 0.64 acres. The property is being offered for purchase with a redevelopment of the site envisioned. The Nashville office of CBRE has the listing and the offering price is $6 million. The listing is the equivalent of about $215 per foot based on acreage.
M Cubed Developments is led by veteran commercial real estate professional Mark McDonald and business partner Mark McGinley.
M Cubed is on a tear of sorts. The company in June paid $3 million for three Music Row-area properties and, prior to that, $3.33 million for a Fifth Avenue North property in Germantown and on which it plans a 13-unit townhome project.
In addition, M Cubed is planning the redevelopment of properties on Jefferson Street in Buena Vista, on 16th Avenue on Music Row, and on both Main Street and in Five Points (both in East Nashville).
McDonald has told the Post in the past that M Cubed is declining comment related to future redevelopment plans for its various properties.
Byran Fort, CBRE first vice president, has the listing for the owners.
According to Metro records, the now-deceased John W. Adkins bought the property in 1969 for $20,000.
South Nashville industrial property sells for $1.9M
A South Nashville industrial property has sold for $1.95 million, almost five times the figure for which it last exchanged ownership hands in 2008.
The property has an address of 43 Trimble St. and is home to restaurant wholesaler Kahlua Bay.
The new owner is an LLC affiliated with Lower Broadway retail business Legends Gifts, according to Metro records.
KBB Partnership was the seller. That entity paid $410,000 for the 0.73-acre property in 2008.
The Post was unable to determine at publication time if brokers were involved in the transaction.