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Class A Office Campus North of Downtown Nashville Sells for $15M

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NASHVILLE, Tenn. (May 3, 2021) – Bluegrass Commons, a two-building Class A office campus prominently located in the heart of Hendersonville, TN, and minutes north of Downtown Nashville, sold on March 31, 2021, for $15,000,000.

Bluegrass Commons, with the street address 100 Bluegrass Commons Blvd., Hendersonville, TN, is a two-building Class A office campus that offers 91,239-square-feet of space on 5.78 acres. The campus was built in 2003 and 2005 by The Memorial Foundation, who remained a tenant in the Property until the recent sale to Southeastern Building Corporation.

The Memorial Foundation, which was established in 1994 from the sale of Nashville Memorial Hospital, awards grants to non-profit organizations that work to improve the quality of life for people who live in the communities served by the hospital.  Scott Perry, Foundation President, states that “the Foundation places special emphasis on supporting data-driven, trauma-informed organizations that focus on improving access to quality health and human services, education, youth and childhood development, senior citizen enrichment services, substance abuse recovery and community services.”  The Foundation continues to remain a tenant of the property.

The buyer, Southeastern Building Corporation, is a multidisciplinary real estate development and investment firm based in Gallatin, TN and led by 3rd generation builder/developer, David Luckey.  David Luckey stated Being involved in the development community of Sumner County for the last 34 years, we were very familiar with this property.  We are excited to have the opportunity to add such a quality asset to our property portfolio.  The addition of the two buildings will allow us to better serve our existing tenants and future tenants wanting to locate their business to Sumner County.  We look forward to being a good steward of the property and carrying on the tradition of quality service with the existing tenants as started by The Memorial Foundation.” 

Patrick Inglis, senior vice president, and Bert Mathews, executive vice president and partner, of Colliers Nashville, represented the owner. Patrick said “We were pleased to be able to represent The Memorial Foundation in the sale of this exceptional campus to Southeastern Building Corporation.”