Capstone Brokers $15.44M Sale of ±222.5-Acre Development Site in Murfreesboro, TN

MURFREESBORO, TN— Capstone Companies is pleased to announce the $15.44M sale of Farmhouse Downs at Murfreesboro, a ±222.5-acre development site permitted for 391 single-family detached lots located near John Bragg Hwy and S Rutherford Blvd in Murfreesboro, TN. At the time of the sale, the seller had acquired and completed the necessary plans, approvals, and permits, along with attaining an approved STEP system, leaving the site shovel-ready and primed for the buyer.

The Capstone brokerage team was led by Director, Austin Heithcock, who facilitated the sale on behalf of the seller, URS Capital Partners. They also sourced the buyer, Lennar Homes of Tennessee, LLC. Brokerage team members Jordan Arand, Adam Klenk, Josh White, and Blake Wiser also assisted in the sale process.

“The successful sale of Farmhouse Downs at Murfreesboro marks a significant milestone for all parties involved,” said Heithcock. ” This development represents an exciting chapter for the community. We are delighted to have facilitated this transaction and eagerly anticipate the positive impact the property will bring to this submarket, which continues to trend positively.”

Farmhouse Downs signifies a promising future for the community. With a highly sought-after school district, proximity to major thoroughfares, and favorable demographic data, the development is set to provide quality housing options in an area experiencing a surge in demand. As Murfreesboro continues to see a rise in single-family home construction and escalating property values, the Farmhouse Downs development is well-positioned to become a cornerstone of the region’s residential landscape, fostering a vibrant and sustainable community for years to come.

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Emma Woodward

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