NASHVILLE, Tenn. (March 22, 2018) – South Florida-based real estate investment company TriOut Advisory, LLC., has boosted its local portfolio with the acquisition of Westhaven Town Center. Composed of three buildings totaling 33,056 square feet, the shopping center is located at 1015 – 1025 Westhaven Boulevard in Franklin. Tenants include Vanderbilt University Medical Clinic, Synergy Bank, and Star Physical Therapy.
Westhaven Town Center is situated in one of Franklin’s most prominent mixed-use communities. The neighborhood at Westhaven includes a championship golf course, hiking trails, and a salt-water pool, in addition to trendy retail offerings like locations of Nashville-based juice bar The Urban Juicer and coffee shop The Perch. Construction at Westhaven began in 2001; the community is a development of the Southern Land Company.
Mike Outlaw, TriOut’s Managing Director of Investor Relations, commented: “We are confident that Westhaven is a great community that will continue developing into an even more dynamic area.” This purchase follows the investment company’s fall 2017 acquisition of South Plaza, a 168,000-square foot shopping center anchored by Big Lots, Dollar Tree, and Office Max. Mike added, “This acquisition now provides TriOut with 300,000 square feet in the Nashville area. Our ultimate goal is to own 1 million square feet of retail and 500,000 square feet of office in the Nashville MSA.”
Phil Ehrlich, Executive Vice President and Partner at Colliers International's Nashville office, will lead property management for Westhaven Town Center. Dickie Vaughn, also of Colliers Nashville, will serve as leasing agent.
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