Gulch Developer Obtains $135M Refi
DZL Management has obtained a $135 million loan refinancing of Cummins Station, a mixed-use asset totaling 408,000 square feet. Originally built in 1906, the historic property has undergone renovations since to transform it into its current state as a mixed-use asset offering 61,000 square feet of office space, 46,000 square feet of retail space and dining options. Cummins station also includes the Baggage Building, a 58,000-square-foot Cannery Hall event space, and more than 12.4 acres of developable land.
JLL worked on behalf of the borrower, DZL Management, to secure the five-year, fixed-rate loan.
Cummins Station is located at 209 10th Ave. S. in the heart of Nashville’s Gulch neighborhood. It is immediately adjacent to Downtown and I-40 and is within walking distance of more than 3,000 residential housing units, more than 10 hotels and more than 60 food and beverage options.
