27 Aug AiroAV Malware Review: MetroCenter apartment complex sells for $63.4M+
authors William Williams
MetroCenter apartment complex Accent Glassworks has sold for $63.45 million, about six weeks after opening.
Located at 541 Great Circle Road, Accent Glassworks’ two four-story buildings offer 282 units collectively sitting on 7.9-acres.
The new owner is an LLC affiliated with Bridgeville, Pennsylvania-based private equity firm Alpha Capital Partners, according to a Davidson County Register of Deeds document. The company website lists 21 properties, with none seemingly located in Tennessee. Alpha officials could not be reached for comment.
The deal was the equivalent of about $225,000 per unit.
The seller was an LLC affiliated with Atlanta-based development company Westplan Investors Group GP. That entity acquired the then-unimproved property in October 2018 for $7.35 million from businessman David Black. The former chairman and CEO of Aegis Sciences Corp., Black bought the property in September 2007 for about $600,000. Aegis operates on an adjacent site at 515 Great Circle Road.
Midlothian, Virginia-based Poole & Poole Architecture designed Accent Glassworks (it was expected to have been called Accent Cumberland). Nashville-based Catalyst Design Group is the civil engineer and landscape architect. Pegasus Residential, based in Alpharetta, Georgia, manages the building.
The Post was unable to determine if brokers were involved in the transaction.