Source: Nashville Business Journal
One of Nashville’s biggest and highest-profile residential real estate companies revealed today that it’s also diving into commercial real estate, becoming just the latest business to look to capitalize on that frenetic boom.
Village Real Estate Services, founded by CEO Mark Deutschmann, is rolling out a Village Commercial division. Village’s announcement describes a wide-ranging mission — namely, brokering property sales and leases, “large and small,” in urban, suburban and rural locations. Other areas of interest include working with local governments or property owners on rezoning efforts, as well as “rural acreage in the agricultural and recreational segments.”
Deutschmann founded his residential real estate company 22 years ago. Today, Village employs 350 agents who closed $1.09 billion of sales in 2017, reflecting Nashville’s red-hot housing market. Deutschmann also has built a reputation as one of the chief developers who have spurred the revitalization of a number of urban neighborhoods, including Germantown, Wedgewood-Houston, East Nashville and 12South. Separate from Village, Deutschmann co-founded Core Development Services, which currently is working on projects in East Nashville and along Nolensville Pike, among other locations.
“After more than 20 years of helping residential customers find their home, the natural next step for the Village family is to help businesses find their community,” Deutschmann said in a statement.
Deutschmann hired Jay Barron and Phil Ryan to kickstart Village Commercial. Ryan is the more recognizable of the two, largely stemming from the dozen years he served as executive director of the Metropolitan Development and Housing Agency. MDHA oversees the city’s public housing and also has the power to award public aid to spur urban development projects.