DZL Management Secures $135M Refinance Loan For Cummins Station In Nashville
Tennessee
See Similar DealsDZL Management Secures $135M Refinance Loan For Cummins Station In Nashville
209 10th Avenue South
See Similar DealsSummary
The recently completed transaction involves Cummins Station, a 408,000-square-foot historic mixed-use property located at 209 10th Avenue South in Nashville, TN's Gulch district. The property was refinanced for $135 million through a five-year fixed-rate loan secured by DZL Management.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $135,000,000
- Address: 209 10th Avenue South
- Market: Nashville, TN
- Asset Size: 408,000 SF
- Landlord: Zach Liff - DZL Management
- Broker: JLL
- Loan Type: Refinance
- Loan Terms: five-year, fixed-rate
The refinancing of Cummins Station was executed successfully, with DZL Management playing a crucial role in securing the $135 million loan for the property. The mix of retail, restaurants, and office tenants within the building, such as Clark Construction and Eventbrite, has contributed to the property's resilience in the face of challenges in the office market. The property continues to draw strong tenancy and investment interest, reflecting its enduring appeal in Nashville's real estate landscape.
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