DZL Management has successfully secured a $135 million loan refinancing for Cummins Station, a 408,000 square foot mixed-use property. Originally constructed in 1906 and recently renovated, this historic building offers 61,000 square feet of office space and 46,000 square feet of retail and dining options. Additionally, the property features the Baggage Building event space spanning over 58,000 square feet and over 12 acres of developable land.
The borrower DZL Management enlisted JLL to secure a five-year fixed-rate loan on their behalf.
Located at the heart of Nashville’s Gulch neighborhood at 209 Tenth Avenue South , Cummins Station boasts immediate access to Downtown as well as I-40. With more than3 ,000 residential units within walking distance along with numerous hotels and dining options totaling over60 , it is an ideal location for both business and leisure activities.
This news was originally published by Connect CRE.
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