Ex-Macy's space in Antioch sells for $5.1M
Brentwood fund acquires property after having bought former Sears site in March
AUTHORS Staff Reports
An affiliate of Brentwood-based real estate investment entity Crestview Funds has acquired for $5.1 million the Antioch-based building once home to Macy’s.
Crestview created CV LHF LLC for the acquisition. The seller was Nashville-based real estate investor Charles Jones, who is perhaps best known for his reinvention in the 1990s of Convent Place near Hillsboro Village. Jones, who also had a hand in the redevelopment of what is now called Werthan Lofts, sold the Antioch property via his CRJ Events.
The 175,000-square-foot building sits on land with an address of 917 Bell Road.
The Davidson County Register of Deeds had not recorded the transaction as of press time, but industry sources who asked to go unnamed said the acquisition price was $5.1 million.
The purchase follows Crestview’s $5 million March acquisition of the former Sears store at what was once called Hickory Hollow Mall
“We’re pleased to acquire the former Macy’s building and to participate further with the revitalization of the Antioch community,” said Tom Corcoran, Crestview Funds founder and managing partner.
The Macy's closed in 2012.
Relatedly, Jones closed Monday on the purchase of the Memorial Hospital property, which will now be called Due West Towers LLC.
"If things go as we plan, the Due West property will be a spring board for Madison like the Werthan building was to Germantown," Jones said.