Foundry Commercial Closes on Franklin Summit, High-Profile 30+ Acre Land Sale in Williamson County
Posted on November 22, 2021
Franklin, Tenn. (Nov. 22, 2021) – Foundry Commercial, a full-service real estate services and investment firm with offices across the Sun Belt, recently represented the owner in the sale of the 30+ acre Franklin Summit development located along Interstate 65 and McEwen Avenue in Williamson County.
“Situated in the heart of the Franklin’s Central Business District, Franklin Summit is one of the most prominent development sites in the Nashville area, featuring unparalleled visibility and access from I-65,” said Foundry Commercial Managing Director Don Albright.
The land is zoned for general commercial use and is entitled for more than 1 million square feet suitable for a variety of commercial uses such as office, retail, and hospitality. Additionally, all zoning and entitlements are in place for up to 8 stories of commercial product.
Albright represented the seller in the transaction, assisted by Foundry’s Investment Advisory Group, which advises clients on the handling of asset dispositions, acquisitions, recapitalizations, and 1031 exchanges across all major product types - office, industrial, multi-family, industrial, and land.