An affiliate of Nashville-based Core Development has paid $2.4 million for nearly five acres at an industrial corner of the Wedgewood-Houston Neighborhood where it plans a mixed-used redevelopment project.
Sixten Land Group LLC bought the property at 610 Merritt Ave., which was formerly home to A.B. Collier Wrecker Service, from Arden and Mark Bowman. With the closing, Core Development owns 7.3 acres overall in the area, which includes the building home to Kirby Welding Co. that Corsair Distillery has under contract.
Sixten, whose president is Mark Deutschmann, recently raised $1.15 million in equity, according to a regulatory filing.
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