Wyatt was pleased to assist its clients, Newton Oldacre McDonald, LLC and Parkes Development Group, LLC, in the sale of a portion of the popularNashvilleWestShopping Centerto GLL Partners, aMunich,Germanybased real estate investment group. The 40 acre portion of the center sold contains name brand retailers, such as Old Navy, Best Buy, Staples and Dick's Sporting Goods, among many others. The proceeds allowed the developer to extinguish its debt with the consortium of banks that originally financed the development.
Nashville West, one of Nashville's most prominent shopping centers, recapitalizes project by selling a portion for $73 million
July 31, 2012