#United States #Nashville #Starbucks #Legacy Commercial Property

Legacy Commercial Property's New Retail Venture in Donelson

In an exciting move for Nashville's retail landscape, Legacy Commercial Property, a subsidiary of Highland Ventures, has announced the acquisition of a multi-tenant retail space located in the heart of Donelson, Tennessee. This development is anchored by none other than the globally recognized coffee giant, Starbucks, further solidifying the company's commitment to expanding its footprint in one of the fastest-growing metropolitan areas in the United States.

Strategic Location and Design Choice

Situated at 2725 Donelson Pike, the new retail site boasts a prime position at a signalized intersection that sees over 34,000 vehicles each day. This bustling location is already home to notable national retailers such as Kroger and Publix, making it an ideal spot for drawing in customers. The development will provide an additional 3,500 square feet of turnkey retail space ready for leasing, ensuring a variety of shopping options for community residents.

Ben Hoogland, a representative from Legacy, expressed pride in strengthening their partnership with Starbucks, emphasizing that this collaboration allows for an expansion into a market with substantial growth potential. Not only will this development cater to the coffee cravings of local residents, but it also signifies a broader strategy to enhance convenience retail options within the Nashville area.

Aligning with Market Fundamentals

As Brent Conley, the Senior Director of Acquisitions and Development at Legacy, noted, Donelson aligns perfectly with their strategy of identifying assets in thriving markets that demonstrate stability and growth potential. The acquisition of this property reflects a focused investment strategy aimed at revitalizing established corridors within Middle Tennessee's evolving retail landscape. By transforming the building, which was previously a bank, into modern retail space, Legacy demonstrates its commitment to delivering value and accessibility to local consumers.

The incorporation of Starbucks as an anchor tenant not only adds a desirable brand to the mix but also brings co-tenancy advantages that are increasingly rare in supply-constrained markets. This development aims not only to meet retail demands but also to enhance the overall vibrancy and appeal of the local area.

Commitment to Quality and Speed

Legacy Commercial Property prides itself on its vertically integrated approach, which enables them to provide extensive services throughout the entire property lifecycle—from acquisition and development to construction and management. This model allows Legacy to accelerate market entry for its tenants while simplifying the process of establishing retail operations.

The company has built a reputation as a trusted retail partner across the Midwest and Sun Belt regions thanks to their ability to act quickly and faithfully deliver on promises, thus facilitating successful business operations. With expectations to complete the development in the Fall of this year, the Donelson retail spot is poised to become a new center for community engagement and commerce.

In summary, Legacy's latest venture marks a significant step in not only enhancing its retail portfolio but also enriching the shopping experience of Nashville's locals. By focusing on a collaborative approach with well-established brands like Starbucks, Legacy Commercial Property is set to play a crucial role in the ongoing development of Nashville's retail environment, creating spaces that cater to the needs and preferences of today’s consumers.