A 1.5 acre piece of property on Demonbreun near the roundabout sold last week for $6.75 million, according to the Nashville Post. The land at 1515 Demonbreun is currently a parking lot across the street from the row of shops and restaurants.
Demonbreun-FCA, a subsidiary of Charlotte, N.C. based Faison Enterprises, purchased the lot. No word on the company’s plans for the land, but the Post reports Faison’s history of developing mixed-use properties, including the Avenue Murfreesboro.
The Lionstone Group unloaded the parcel, but retained another 1.5 acres on the roundabout itself.