Southeast Venture Acquires 'Gulch East' Building

NASHVILLE, TN—Locally-based Southeast Venture reports it has acquired a 20,000-square-foot building at 714 8th Ave. S, in the “Gulch East” section for $4.25 million.

Southeast Venture broker Tarek El Gammal represented the buyer in the contracted sale. The seller, AWC Partners, worked directly with Southeast Venture without a broker, company officials say. The one-story building sits on 1.26 acres. Southeast Venture states that the building's current tenants—fine dining restaurant and wine bar Flyte; Alfred Williams & Company and architectural design firm Studio Eight Design, will remain in place.

“We see a lot of potential in this area of Nashville. The Music City Center has already kick-started hotel, restaurant and retail development. This will only intensify next year, when the city plans to extend Division Street over the CSX railroad tracks, which will connect two rapidly developing parts of town: the Gulch East area and lower SoBro,” says Cam Sorenson, principal for Southeast Venture. “As the city's proposal for this project notes, this new connection will provide opportunities for infill development and connections between Music Row, Vanderbilt, Belmont, Midtown and the Gulch with the Lafayette neighborhood, Fulton Campus, Howard Office Building and Rolling Mill Hill. We're excited to be a part of this growing neighborhood and expect to have a long-term partnership with the area.”

Southeast Venture's El Gammal adds, “There are a lot of opportunities for commercial and residential growth in this area as businesses and people continue to seek opportunities close to Nashville's city center. This section of town is still developing its identity and neighborhood feel—we look forward to being a part of that transformation.”