Merus Acquires RiverGate Mall In Goodlettsville, TN From Hendon Properties For $33 Million

The property asset involved in the transaction is a retail space located at 1000 Rivergate Parkway in Goodlettsville, TN. This retail sale was finalized for a price of $33,000,000 and covers an area of approximately 514,894 square feet, resulting in a price per square foot of $64.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $33,000,000
• Sale Date: 02/20/2026
• Buyer: Merus
• Seller: Hendon Properties
• Buyer's Representative: Bryan Belk & John Tennant - Franklin Street
• Seller's Representative: Jordan Powell, Lisa Maki & Mike Jacobs - Avison Young

This transaction is notable as Avison Young facilitated the sale of RiverGate Mall, marking a significant retail transaction in Nashville, with plans for redevelopment into a mixed-use area including homes, shops, and hotels, set to commence construction in late 2026.