A Chestnut Hill retail building across Fourth Avenue South from AJ Capital’s Nashville Warehouse Company development has sold for $2.8 million, 22.4 times the price at which it changed hands for the last time 21 years ago.
The new owners of the 0.25 acre property in South Nashville, with an address of 1120 Fourth Ave S. and with Wedgewood-Houston to the immediate southwest are Kent Marcus and Nick Hartley, according to a Davidson County Deeds Registry document.
Marcus is a partner with local law firm Marcus & Colvin, clients having included Paramore and Kings of Leon (learn more here of Job sister post Nashville Scene). Hartley apparently works with local music industry talent management firm The Steadfast Company.
The sellers were Sharon Harmon and Chris Harmon, who paid $125,000 for the property in early 2001, according to Metro records. The Harmons operated contemporary custom kitchen cabinetry company Azure Cabinets from the building that was just sold.
Neither Marcus nor Hartley could be reached to comment on their long-term plan for the newly purchased building. Marcus & Colvin’s office is located in Pie Town at 801 Rep. John Lewis Way (Fifth Avenue South).
The Job was unable to determine if any brokers were involved in the transaction.