Compass Auctions To Auction Downtown Nashville Properties for State of Tennessee

NASHVILLE (April 17, 2017) Compass Auctions and Real Estate LLC, a woman-owned, Chattanooga, Tenn.-based auction and real estate company with offices in Tennessee, Georgia and Kentucky, is set to auction downtown Nashville properties. These consist of two large tracts of land in downtown Nashville on behalf of the State of Tennessee.

The auction is for the properties located at 450-460 James Robertson Parkway and will take place Wednesday, June 21, at 2 p.m. CDT, at the nearby Hermitage Hotel.

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Compass is making plans to auction downtown Nashville properties that include 2+ acres located on the north side of James Robertson Parkway and Gay Street, with frontage on the south side of Fourth Avenue North. The central location is highly visible and accessible, and is near many downtown landmarks, such as NISSAN Stadium, the Tennessee Capitol, Tennessee Performing Arts Center and Bicentennial Mall State Park.

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David Roberson, a spokesman for the state’s Department of General Services, said state law allows sale of properties by auction. ”Because this is a high-profile property, we decided an auction would produce the highest and best price for Tennessee taxpayers,” he added.

“Downtown Nashville has become a place where families want to live and businesses want to operate,” said Justin Ochs, Vice President of National Development for Compass. “We’ve been amazed by the amount of national interest this premier location has already generated and are proud to represent the state of Tennessee in making sure we find the best buyer.”The properties include approximately 2.1 acres offered in two separate, but adjoining, parcels and as a whole. 450 James Robertson Parkway consists of approximately 0.87 acres (38,025+/- square feet), and 460 James Robertson Parkway consists of approximately 1.18 acres (51,296+/- square feet) with approximately 45,294 square feet of office space. The topography is generally level to gently sloping.

The location is zoned in order to encourage a mix of compatible land uses that provide opportunities to live, work and shop downtown.More information on these properties, including a property information package and details for brokers/bidders, is available on  soldoncompass.com on the James Robertson Parkway Auction information page.

# # #About Compass Auctions & Real EstateCompass is a certified WBE woman-owned business and is headquartered in Chattanooga, Tenn., with locations in Nashville and Lebanon, Tenn., Atlanta, and western Kentucky. Compass Auctions & Real Estate offers a host of auction and real estate services, including live, online and webcast auction events. The Compass team has over 50 years of combined experience with government surplus, heavy equipment, vehicle fleet, farm and ranch, estate, luxury asset, and charitable auctions. For more information, visit soldoncompass.com.