Assessor of Property

TOA leases space in ex-A-Game Sportsplex

A Donelson-area apartment complex has sold for $1.9 million — three times for which it exchanged ownership hands almost 18 years ago.

The buyer is 1826 Lebanon Pike Partners LLC, which shares a Hillsboro Village-area address with mental health medical practice group Psychotherapy Services, according to Metro records.

The sellers were Illinois-based Veliciu Doina and Teodor Doina, who acquired the property (the address is the same as the LLC) in March 2001 for $630,000.

Known as Donelson Hills Apartments, the three-building 30-unit for-rent residential complex opened in 1965 and sits on about four acres, according to Metro records.

The sale is the equivalent of $63,333 per apartment.

TOA leases space in ex-A-Game Sportsplex

NAI Nashville has announced Tennessee Orthopaedic Alliance as a new tenant at the former A-Game Sportsplex in Franklin — a move that will yield a renaming of the facility to TOA Sports Performance Center.

The address is 215 Gothic Court.

The building, which had been renamed Franklin Sports Hall in November, will become the TOA Sports Performance Center.

Since purchasing the building in fall 2018, Tennessee Youth Sports has invested more than $2 million in capital improvements. TOA will join Premier Athletics, Music City Dance, Tennessee Performance Volleyball and Nike Basketball as tenants in the building.

NAI Nashville broker Trey Kirby represented Tennessee Youth Sports in the transaction, according to a release.

TOA is leasing more than 8,500-square-feet of the facility to serve as its Williamson County hub for urgent care, physical therapy and performance training. TOA will be taking over both sides of the main entry hall with major renovations planned.

Terms of the lease are not being disclosed.

The TOA Sports Performance Center is a 174,000-square-foot facility featuring 12 volleyball courts, six basketball courts, a cheerleading and tumbling arena and five dance recital rooms. It also houses concessions offering healthy food options.

On a daily basis, more than 380 youth athletes and 250 adults use the facility. The TOA Sports Performance Center hosts many regional events on weekends that draw up to 3,000 local attendees and more than 600 from out-of-state.

TOA is based at oneC1TY in Midtown.

Charlotte-based home-buying company enters local market

Charlotte-based home-buying company Ribbon has entered the Nashville market.

Ribbon has one full-time employee located in Nashville and is looking to hire four more employees by July, according to a release.

Ribbon, the CEO for which is Shaival Shah, does not employ its own agents but, rather, works with existing agents. And it provides cash that allows for flexible buying and selling. Ribbon essentially removes mortgage contingencies.

For example, if a buyer finds a home but needs more time to arrange the loan, Ribbon can step in, pay cash for the house, then resell it to the buyer when the financing is finalized — even after the client has moved into the new home, the release notes.

Source Article