Capstone Arranges $5 Million Sale of 22.4-Acre Development Site in Nashville MSA

MADISON, TN—Capstone Land Sales has closed the $5 million sale of a 22.4-acre multi-family development site assemblage in the Nashville suburb of Madison, Tennessee. The asset is situated at the corner of One Mile Parkway and Connare Drive just off Gallatin Pike N by Lowe’s.

Capstone’s Adam Klenk represented the buyer, Greystar, who plans to develop 396 apartment units. The assemblage consists of land owned by sellers Tommy & Judith Davis and Grand Prix LLC of Nashville.

“Capstone is proud to have facilitated the closing of another multi-family development site in Madison. The site presents an incredible opportunity for Greystar to develop a large surface-parked project off Gallatin Pike, the main artery of Madison and a major growth thoroughfare in the MSA,” said Klenk.

One Comment

  1. Marian Wooten

    When is the approximate timeline of completion? What is Floorplan and how much per month? Can we apply in advance?

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