Vastland, founded in 1995 by Mack McClung and JD Eatherly, is a privately held real estate firm in Tennessee.
Construction will be led by BL Harbert International and managed by Vastland, the post reported. Other partners are The Preston Partnership for architecture, ID & Design International, Restoration Hardware Design for hospitality and residences, Civil Site Design Group for civil engineering and HDLA for landscape architecture. BayBridge Real Estate Capital served as Vastland’s capital market broker and introduced Peachtree Group to the VOCE deal.
“There has never been a project like VOCE in Nashville and the city is the ideal first market to introduce the VOCE brand to the world,” said Mack McClung, Vastland’s founder and CEO. “This is an important day for us at Vastland and for our collection of VOCE owners. As we begin vertical construction on our flagship project, we expect strong demand for the remaining units.”
McClung said the $130 million loan reflects the lender’s confidence in Vastland’s vision, execution and the VOCE concept. “Upon completion, the project represents a total sellout value of $360 million,” he said.
Atlanta-based Peachtree is led by Managing Principal and CEO Greg Friedman, Managing Principal and CFO Jatin Desai, and Principal Mitul Patel.
Peachtree Group recently expanded into convenience and fuel retail, providing up to $200 million to The Briad Group to develop and acquire sites. Its private credit platform will support two to four Circle K stores and mini Travel Center projects annually.
