A multi-parcel property in Hermitage anchored by the McKendree Village Towers has sold for $27.9 million, according to county records, shifting control of one of east Davidson County's most recognizable suburban high-rises. The buyer is listed as an out-of-state limited liability company, and the purchase spans a sizable stretch of land that includes a tower first opened in the late 1970s, raising fresh questions about how the new owner might manage or invest in a complex that has been a local landmark for decades.
Sale Details and Buyer
The deal closed this week at $27.9 million, with the new owner recorded as a Woodmere, New York LLC, as reported by the Nashville Post. Metro documents cited in that report show the buyer paid about $15 million for part of the portfolio in 2024, and the seller appears to be an entity tied to Cascade Capital Group of Skokie, Illinois. According to the Post, it is not clear whether any brokers worked on the transaction or whether the purchaser has immediate redevelopment plans.
What’s On The Property
Public property listings for 4343 Lebanon Pike show the main tower was built in 1978 and sits on a roughly 18-acre parcel with a building footprint of about 295,000 square feet. Redfin provides lot size and tax history data for the 4343 address, while building registries describe McKendree Village Towers' tallest section as a 17-story residential block. SkyDB also lists the complex's tallest segment at 17 floors, which helps explain why the tower stands out so clearly in the surrounding suburban landscape.
Scale Of The Sale
The negotiated package includes multiple parcels across the McKendree at Hermitage site, covering about 42 acres in total, and it includes roughly 205 residential units, according to local reporting. As the Nashville Post notes, the towers rank among Davidson County's tallest buildings located outside downtown or midtown, with the tallest portion estimated at close to 205 feet.
Why Investors Are Watching
Investors have been keeping a close eye on Nashville's suburban multifamily scene as new deliveries slow and market fundamentals start to stabilize, a shift that can make older properties appealing to buyers willing to renovate or reposition them. A recent market note from Northmarq points to easing deliveries and stronger absorption in submarkets such as Donelson and Hermitage, conditions that could encourage an owner to update a property like this aging tower complex. The site is a short drive from Andrew Jackson's Hermitage, underscoring the area's particular blend of suburban development and historic destinations.
