Corner Partnership buys Inglewood property for $1.3M

Corner Partnership LLC has paid $1.3 million for roughly 0.66 acres in Inglewood, including the small retail center with tenants such as Fond Object record store and Red Arrow Gallery.

"It's property in the path of development in an area of town that's getting better and better," said Larry Papel, a partner in the local investment entity with Mark Bloom and Ronnie Scott. "Generally, we're long-term holders. We have faith in the development in that part of town."

Corner purchased the property at the intersection of McGavock Pike and Riverside Drive from DC Partners LLC, whose president and CEO is Nashville businessman Darrell Freeman. In addition to the retail center across from Mitchell Deli and Village Pub and Beer Garden, the purchase includes a vacant home at 2302 Riverside Drive behind the Fond Object record store.

A listing on website LoopNet.com put the overall size of the acquired Inglewood property at 6,314 square foot. The retail center also includes the former home of Nashville Piano Rescue.

Corner is among active buyers and sellers of properties, especially in downtown and Midtown Nashville. In August the entity sold 2.4 acres next to the mixed-use Fifth & Main building in East Nashville for $4 million to an Atlanta investment firm that plans apartments. Freeman, in a separate deal last year, sold just over an acre on Rosa L. Parks Boulevard near Interstate 65.

Reach Getahn Ward at 615-726-5968 and on Twitter @getahn.