CRE p Tennessee

Foundry Commercial acquires Nashville office of OakPoint

Foundry Commercial, a full-service real estate services and investment company with operations across the Southeast and Texas, has reached an agreement to acquire the leasing and brokerage business of OakPoint Real Estate’s Nashville office.

“Nashville has always been a critical market for Foundry, and we are bullish on its growth and potential,” said Paul Ellis, chief executive officer of Foundry Commercial in a written statement. “It was important to us to align ourselves with a group of individuals that share the same values and culture, which is entrepreneurial, authentic, nimble and client-focused.”

Foundry Commercial first entered the Nashville market in 2014 when the real estate and investment firm – then CNL Commercial Real Estate – acquired the services business of Crescent Communities, which had a presence in many cities throughout the southeastern United States, including Nashville.

OakPoint was started in 2011 as an investments-focused company, expanding into brokerage in 2013. With Foundry’s acquisition of its Nashville services business, OakPoint founding partners Justin Albright and James Granberry will continue to lead and grow the company and its investment portfolio. OakPoint will continue to manage and lease its owned assets in Austin.