Publix-anchored retail center in fastest-growing Nashville suburb trades

ATLANTA, Aug. 7, 2026 –  JLL Capital Markets announced today that it has secured the sale of Newmans Crossing, a newly constructed, 63,987-square-foot grocery-anchored retail center located in Gallatin, Tennessee, part of the booming Nashville metropolitan area.

JLL represented the seller, Blackwater Real Estate. The buyer was Publix.

Newmans Crossing is strategically located at 1931 Long Hollow Pike in Gallatin, one of Nashville's fastest-growing bedroom communities. The one-mile radius surrounding the property has seen explosive population growth of 66% between 2020 and 2030, with residents boasting an average household income exceeding $160,000. The center serves a trade area where nearly 6,000 housing units have been delivered over the past five years, with another 14,000 units planned or under construction within Gallatin city limits.

The retail center was built in 2022-2023 across approximately eight acres. Publix Super Market, a Fortune 500 company, anchors the property with 48,387 square feet and significant term remaining on their lease. The grocer reported strong sales in 2024, representing a 10% year-over-year increase from 2023. Additional tenants include Agaves Mexican Restaurant, Kung Fu Tea, Ichiban Steak Express, Fowler Family Dentistry, Galaxy Nail Bar and Crown & Iris. The property is 100% leased with a weighted average lease term exceeding 14 years.

Nashville ranks as the number one investment market in the nation according to the Urban Land Institute and has earned recognition as the hottest job market in America by the Wall Street Journal. The metropolitan area's population has surpassed two million, driven by major corporate relocations and expansions, which have collectively created more than 20,000 technology jobs in recent years.

JLL Capital Market’s Sales and Advisory team representing the seller was led by Senior Managing Director Jim Hamilton, Managing Director Brad Buchanan and Senior Analyst Charlie Merrigan.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.