A 1.5 acre piece of property on Demonbreun near the roundabout sold last week for $6.75 million, according to the Nashville Post. The land at 1515 Demonbreun is currently a parking lot across the street from the row of shops and restaurants.
Demonbreun-FCA, a subsidiary of Charlotte, N.C. based Faison Enterprises, purchased the lot. No word on the company’s plans for the land, but the Post reports Faison’s history of developing mixed-use properties, including the Avenue Murfreesboro.
The Lionstone Group unloaded the parcel, but retained another 1.5 acres on the roundabout itself.
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About the AuthorSarah Skates is Sr. News Editor of MusicRow Enterprises. Now in her eighth year with the company, she contributes to musicrow.com and the print magazine. She welcomes your feedback to firstname.lastname@example.org. Please send press releases, photos, and news items to email@example.com.
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