Elmington Capital to upgrade 1920s-constructed buildings

The 1920s-constructed Hillsboro Village masonry buildings last home to Bosco’s brewpub and Sam’s Sports Grill hav been sold for $8.3 million.

Nashville-based Elmington Capital Group bought the buildings and plans to update them. The seller was an entity for which a member includes Buckhead Investments.

The 0.91-acre property comprises two adjacent buildings with addresses of 1803 and 1805 21st Ave. S. The site includes a 60-space parking lot and a 0.16-acre vacant lot, both located in the rear of the buildings.

The property does not include an adjacent structure home to Posh. Vanderbilt University owns that property, which it acquired in a quitclaim deal in December 1985.

“We are excited about the opportunity to contribute to the revitalization of Hillsboro Village,” Elmington Capital Group CEO Cary Rosenblum said in the release. “As not only owners but neighbors as well, we look forward to being a part of both the conservation and transformation of this historic part of Nashville.”

Southeast Venture brokered the deal on behalf of both the buyer and the seller. James Roscoe High represented the buyer, while Wood Caldwell, SEV managing partner, and Jon Petty represented the sellers.

“I couldn’t think of a more perfect buyer for this property,” High said. “Elmington Capital views this as generational real estate. They are committed to maintaining the legacy and integrity of the buildings while finding tenants that will complement Hillsboro Village.”