The 74-unit Amplify on Main apartments in East Nashville has a new owner.
A Los Angeles-based investor has paid $14.1 million for the Amplify on Main apartments in East Nashville.
Champion Amplify LLC bought the 74-unit complex from East Side Development Partners LLC, whose president, Adam Leibowitz, is an active developer in East Nashville.
Champion Amplify is an affiliate of Champion Real Estate Co., which had made two previous acquisitions here.
East Side developed Amplify on Main at the corner of Mcferrin Avenue and Main Street, touting its location along the planned route for the city’s failed bus rapid transit proposal called the Amp.
“We looked at both that as well as that it’s Music City,” Leibowitz said. “The word ‘amplify’ has a meaning towards the idea of Music City.”
Nearly all of the apartment units at Amplify on Main are occupied.
In East Nashville, Leibowitz also developed EastSide Station, a mixed-use building with local shops facing Woodland Street and East Nashville Self Storage facing Main Street.
Reach Getahn Ward at 615-726-5968 and on Twitter @getahn.