Hines, Peakline Ink $181.5M Financing for Nashville Apartment/Office Venture
CBRE has arranged a total of $181.5 million in refinancing for a mixed-use development in Nashville’s Wedgewood-Houston area, on behalf of Hines and Peakline Partners. The financing was split into two loans: one for the residential component, Residences at The Finery, and another for the adjacent T3 Wedgewood Houston office building. Oxford Properties Group provided the $118 million loan for The Finery, and Tishman Speyer provided a $17.5 million mezz behind Blue Owl’s $46 million for the T3 office building.
CBRE’s financing team included Mike Ryan, Brian Linnihan, Richard Henry, Blake Cohen, JP Cordeiro, and Taylor Crowder.
The Residences at The Finery is a newly delivered, Class A+ multifamily community featuring 383 units, complemented by 46,697 square feet of boutique retail and office space. The property offers an extensive amenity package, including a rooftop pool, a fitness center with a basketball court, coworking spaces, and a rooftop sky lounge. The commercial component features ground-floor retail suites, anchored by high-end food and beverage concepts, and 14,921 square feet of fully leased office space.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout