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Lebanon Outlets Sells for $9.2 Million

Nashville-Based Development Firm Purchased the 227,958 Square-Foot Mall

NASHVILLE, Tenn. – Lebanon Outlets, with the address 1 Outlet Village Boulevard in Lebanon, Tennessee, was sold on May 20, 2022, for $9,200,000.

 

The Nashville-based development firm, Land Solutions, purchased the 227,958 square-foot outlet mall with plans to revitalize the property for mixed-use development. The project will include areas for high-end shopping and dining, Class A office space, and will offer a residential component. 

Max Smith, SIOR, and Zac Cypress, CCIM, senior vice presidents of Colliers Nashville, brokered the transaction representing both sides.

“With the substantial growth of Lebanon, it is great to see local developers convert an underutilized site into a walkable mixed-use community,” Smith said. “This should help the city and the county work towards achieving many of their retail and housing goals.” 

The outlet mall, built in 1998, is directly off Interstate 40 via Murfreesboro Road and just south of Lebanon's downtown district in Wilson County. The 47.30-acre property experiences tremendous interstate visibility and is a short 25 miles east of Nashville. 


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Max Smith

Senior Vice President | Nashville

Nashville

Max, a Senior Vice President of the Colliers International | Nashville Office, focuses on investment sales of industrial properties ranging from $5 million to $100 million. Max is a native Nashvillian who joined Colliers in 2006 and has since sold and leased over 250 million square feet of industrial product totaling over $1 billion in transactional volume. Max is an annual top producer at the Colliers | Nashville office and has over 15-years experience in commercial real estate.

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Zac Cypress

Senior Vice President

Nashville

Zac specializes in both the acquisition and disposition of commercial investment and development properties.  With an in-depth understanding of each project, Zac focuses on value creation through identifying strengths, weaknesses, risks, and upside potential.

 

Zac has been an affiliate broker with Colliers International since 2006 when he graduated from the George Washington University in the spring with a Bachelor of Business Administration and a concentration in International Business. 

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