Franklin Shopping Center Sold to Family Office
The Southside at McEwen retail property has been purchased by a high-net-worth family office in a fully leased transaction.
Updated on Oct. 12, 2026 in Retail
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A high-net-worth family office has acquired the Southside at McEwen shopping center, a fully leased retail property located in Franklin. The deal for the 10.5-acre site near Interstate 65 was finalized following arrangements by JLL Capital Markets.
Why it matters
The acquisition marks a significant transition of ownership for the prime retail site in the Cool Springs corridor. As a fully leased property, the center remains a stable hub for major commercial tenants serving the local Franklin community.
The retail center spans 92,470 square feet, with Whole Foods Market accounting for 45,047 square feet of that total. The property, built in 2012, is located at 1554 W. McEwen Drive.
The players
JLL Capital Markets
This global professional services firm specializes in real estate and investment management.
Nuveen
This investment manager serves as the global asset management arm of Teachers Insurance and Annuity Association of America.
Lincoln Property Company
This company provides full-service real estate solutions including property management and investment advisory services.
Whole Foods Market
This multinational supermarket chain specializes in natural and organic food products.
The details
JLL Capital Markets facilitated the sale of the property from Nuveen to the private family office. Lincoln Property Company served as an advisor to the buyer during the acquisition process, which includes tenants such as Lululemon, Kendra Scott, and PNC Bank.
Timeline
The shopping center was originally constructed in 2012.
JLL announced the sale of the retail property on October 9, 2026.
Market Landscape
The purchase of Southside at McEwen reflects the ongoing institutional investment trend in the Cool Springs commercial corridor. This transaction follows the established pattern of high-value commercial properties being acquired by private family offices in the growing area.
Local shoppers should expect business to continue as usual, as the center remains fully leased under the new ownership. This transaction maintains the current retail availability and service standards for those visiting the 1554 W. McEwen Drive location.
The takeaway
Retail hubs in high-traffic corridors like Cool Springs remain prime targets for private family offices seeking stable, long-term real estate investments. Residents can anticipate that current storefronts will continue their normal operations following the change in ownership.
Further reading
For more information on local commercial developments, visit Retail.
Source note: This article includes information reported by Williamson Source.
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