As expected, Live Nation has reached a deal to sell its Nashville market shed, Starwood Amphitheatre in Antioch, Tenn.

Nashville developer Vastland Realty Group paid $4.2 million for the 65-acre Starwood site, the Nashville Tennessean reports, citing records filed yesterday with the Davidson County Register of Deeds.

Opened in 1985, Starwood was the prototype amphitheater in the PACE Concerts portfolio, a 17,000-capacity venue that in many ways opened the floodgates for amphitheater development in the late 1980s. The venue became part of the Live Nation portfolio in the wake of industry consolidation.

Starwood grossed $4.6 million and drew 183,630 people to 16 shows reported to Billboard Boxscore last year.

Starwood is one of four venues Live Nation listed with real estate broker CB Richard Ellis, with the others being Germain Amphitheatre in Columbus, Ohio; Verizon Wireless Amphitheatre in Noblesville, Ind. (near Indianapolis); and Sleep Train Amphitheatre in Marysville, Calif. (near Sacramento). Live Nation has stated that the others will present full concert seasons in 2007.

Questions? Comments? Let us know: @billboardbiz

Print