JLL Secures $125 Million Refinancing for The Avenue Murfreesboro in Metro Nashville

by Hayden Spiess

Murfreesboro, Tenn. — JLL Capital Markets has secured a $125 million loan for the refinancing of The Avenue Murfreesboro, an 846,467-square-foot retail center located in Murfreesboro, roughly 35 miles outside Nashville. Built in 2007, the property was 93.1 percent leased at the time of financing. Tenants at the center include Best Buy, Belk, Dick’s Sporting Goods, Haverty’s Furniture, Burlington, Barnes & Noble, Off-Broadway Shoe Warehouse, Victoria’s Secret, Old Navy, H&M, Michaels, Petco, Cost Plus World Market, Ulta Beauty, Hollister, Buckle, Torrid and Sephora. Chris Drew, Brian Dawson and Matt Casey of JLL arranged the five-year financing on behalf of the borrower, Big V Property, which acquired the center in September 2020. Bryan Kallenberg and Dean Lumish represented Big V on an internal basis. 

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