February 27, 2023 – Nashville, TN
Looking back on my career up until now, I’ve been fortunate to work in a variety of commercial real estate (CRE) roles around Nashville.
I started in 2006 as a property administrator and was ready to roll my sleeves up and learn the industry from the ground up. The experiences I’ve gained and the lessons I’ve learned from these roles have been invaluable. My advice to anyone new to the industry is to take advantage of any opportunity when given to learn this business.
That said, until last year, I had only worked within large National CRE firms. While this has given me a tremendous opportunity, institutional knowledge and to work alongside the best in the industry, I was craving the opportunity to operate within a more boutique, nimble organization.
So in January 2022, I made a switch and joined Commonwealth Commercial Partners as Managing Director of Nashville Property Management. I’ve been really energized about this new role and want to share more about CCP and the plans and projects we have on deck in Nashville.
CCP NASHVILLE
Based in Richmond, Virginia, CCP has had a strong presence in Nashville for more than a decade. Today we manage 3 million sq ft across about 30+ properties in the Music City. Our team of 12 individuals includes both managers and building engineers — an important detail for property management. Our building engineers are critical to the day-to-day management and maintenance that goes on with our properties.
My goal for CCP Nashville is to make sure clients know we are here to help and support them on their properties in the market. Our work together can often involve a certain amount of risk and liability. I want to continue to earn our clients’ trust that we are here to manage their properties like our own.
Nashville has been on a tremendous growth trajectory for a while. It’s one of the hottest markets in the Southeast, right up there with Austin and Charlotte. There are a ton of new people and businesses moving to the city. The buzz around Nashville just continues to grow, making it a great market for CCP to continue to build its presence.
NORTHCAP MULTI-FAMILY PROJECT
An exciting project we’ve had in the works in downtown Nashville since late 2019 is our Northcap Building conversion with Wheelock Street Capital located at 404 James Robertson Parkway.
Northcap first opened as an office building in 1968. At 220,000 square-feet with 21 stories, we’re rolling up our sleeves on this large office space and converting it into multi-family apartment buildings within the next 2-3 years. We are currently in the design phase for Northcap and are working with tenants to relocate them to new office spaces. When finished with the project, we will be able to offer a collective 358 residential units, 403 parking spaces, and retail spaces with a combined 12,413 square feet.
This conversion of office-to-residential is a trend we’re seeing across the country, particularly as businesses rethink how they work post-Covid. But in Nashville, we haven’t seen anything quite to this scale yet, making Northcap particularly notable for our team and the entire city.
FOCUSED ON OUR VALUES
Though I’ve been with CCP for less than a year, there are a few things about our organization that I’m already tremendously proud of. The first is how our group follows the strong set of core values that CCP entwines into everything we do:
• Team first
• Own It
• Professionalism
• Relationship Oriented
• Integrity
My goal in Nashville is to make sure that for any client we work with, we’re treating their property as if it’s our own and representing those honorable CCP core values.
The second is that nimbleness I spoke about, the entrepreneurial spirit that is so prevalent at CCP. Every single person at CCP is ready at a moment’s notice to roll up their sleeves and help get the job done quickly and professionally. Our accounting group, for instance, is just phenomenal. The resources and financial reporting we offer to our clients are extensive, but our team is incredibly hands-on and offers amazing attention to detail. Everything from the first impressions when we sign the management agreement, to the kickoff call, to the transition is just so well laid out. These are exactly the type of value adds that brought me to CCP, and I’m eager to show how valuable they are to our clients going forward.
David Cheek
Managing Director, Nashville
