East Bank Scrapyard Sells for $245 Million

East Bank scrapyard site sold to investor group for $245M

The investment group that acquired the scrapyard hasn’t said what their vision is for the space, but they say they understand the need for a vibrant attractive downtown neighborhood.

What's the future for Nashville PSC Metals scrapyard? What investors are saying

The real estate investor behind the $245 million scrapyard deal gave details about the land's future in an exclusive interview with The Tennessean.

Nashville riverfront scrapyard sells for $245M

NASHVILLE, Tenn. (WKRN) — A scrapyard along the Cumberland River in downtown Nashville has officially been sold. The 45-acre site on the east bank has recently been serving as a recycling center, processing scrap metal. It’s a landmark that has mostly stayed the same for decades while downtown Nashville has transformed. The land is owned by Carl Icahn and currently home to SA Recycling. (Photo: WKRN) (Photo: WKRN) (Photo: WKRN) (Photo: WKRN) (Ph…

East Bank site including scrapyard sells for $245M

Investors buy 47 acres of multiple industrial properties on Cumberland River

East Bank scrapyard sells for $245 million

Breaking: Nashville Investment Group Acquires East Bank Scrapyard Site.

Local investors have completed the purchase of the 47-acre riverfront scrapyard site in Nashville, Tennessee. The property has been used primarily for metal recycling since the early 1960s. SA Recycling has managed the site since its acquisition of PSC Metals in 2021. The purchasing entity is TEB LLC, which was organized by ARRT Global’s SRE Fund I, LLC (Fund). The Fund is comprised largely of investors from Nashville and the state of Tennessee.…