- Press Release
- Press Release
Southeast Venture Brokers Sale of Cardwell Family Property to Crema Owner Treg Warner
1 & 9 Hermitage Avenue Expands Property Assets for Coffeehouse Owner
NASHVILLE, Tenn. Dec. 30, 2015 – The sale closed today on two parcels of land located at 1 Hermitage Ave. and 9 Hermitage Ave., in the highly sought-after SoBro district of Downtown Nashville. The property was sold for $4 million by the Cardwell family to Treg Warner, owner of the neighboring Crema coffeehouse.
The parcels had been in the Cardwell family for more than 60 years, and had originally been the site of Cardwell’s Market. Currently the property is leased to Subway and Tri-Star Energy, which operates a Shell service station on the site.
“The Cardwell Market was good for Nashville for 60 years and I’m sure that this property will be good for Nashville for many more years under the new owners,” said Cardwell family member Charlie Cardwell.
Southeast Venture brokers J.C. Darby and James Roscoe High represented the sellers in the sale. The buyer represented himself.
“We were excited to serve the Cardwell family on this sale,” said Darby.
No plans are in the works to immediately redevelop the property. The businesses currently located at these parcels will remain open for the foreseeable future.
About Southeast Venture:
Founded in 1981, Southeast Venture is a diversified commercial real estate and design services company guided by a mission of “Building Value by Valuing Relationships.” The firm provides and coordinates the delivery of brokerage, development, architectural and interior design and property management. This unique, comprehensive approach to commercial real estate offers a cost effective and efficient way of meeting its clients’ commercial real estate needs. For more information, visit SoutheastVenture.com, or find Southeast Venture on Twitter @SEVentureCRE.