Family Office Purchased Franklin Retail Center
A private investor acquired the fully leased Southside at McEwen property in the Cool Springs corridor.
Updated on Oct. 12, 2026 in Retail
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A high-net-worth family office has purchased the 92,470-square-foot Southside at McEwen shopping center in Franklin. The transaction involving the fully leased property near Interstate 65 was arranged by JLL Capital Markets.
Why it matters
The acquisition of this established retail site highlights continued investor demand for prime, fully occupied commercial assets in high-traffic suburban corridors. Lincoln Property Company served as an advisor to the buyer for the 10.5-acre site.
The transaction covers 92,470 square feet of retail space situated on 10.5 acres in Franklin. The center is fully leased, with Whole Foods Market accounting for 45,047 square feet of the total footprint.
The players
JLL Capital Markets
A commercial real estate services firm that manages investment sales, debt, and equity advisory for institutional and private owners.
Lincoln Property Company
A real estate investment and property management firm that advises on acquisitions and operates large-scale commercial portfolios.
Whole Foods Market
An upscale national grocery retailer that serves as a primary anchor tenant for high-traffic shopping centers.
Nuveen
A global investment manager that operates and manages a large, diversified portfolio of commercial real estate assets.
The details
The property, built in 2012, maintains a diverse tenant mix including Lululemon, Flower Child, Solidcore, BrickTop's, Kendra Scott, Fab'rik, and PNC Bank. JLL Capital Markets facilitated the sale from Nuveen to the family office, which received advisory services from Lincoln Property Company. The site's location near Interstate 65 remains a key factor for its high occupancy rate.
Timeline
2012: The shopping center was built.
October 9, 2026: JLL announced the sale of the property.
Market Landscape
The sale reflects a wider industry trend of private capital prioritizing stable, fully-leased retail assets in growing suburban corridors. This deal follows a pattern of high-net-worth entities shifting toward established commercial nodes to anchor their portfolios.
Operators should monitor local lease renewals at the center as the new ownership structure settles in over the coming months. Business owners in the Cool Springs corridor should note that the stable occupancy of this anchor site supports consistent foot traffic for nearby services.
The takeaway
This transaction confirms that fully leased retail centers in prime regional corridors remain high-value targets for private investment offices. Local tenants should prepare for potential changes in management communication protocols following the ownership transition.
Further reading
For more on shifts in commercial property ownership, read the latest Retail updates.
Source note: This article includes information reported by Williamson Source.
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