Luxeterra

What Luxeterra does

Luxeterra is a privately held real estate investment and development firm founded in 2018 by Darren Metz and domiciled in Nashville, Tennessee (Luxeterra, LLC). The firm owns, develops, and leases commercial and residential properties across at least six U.S. states — Tennessee, Mississippi, Missouri, Texas, Georgia, and Alabama — with a portfolio of roughly 13 documented properties totaling approximately 157,000+ square feet plus multiple development parcels. Core assets include the Sylvan Station headquarters in Nashville (26,000 sq ft), LEED Gold-certified Novatech Memphis (27,000 sq ft), Novatech Dallas near DFW (43,648 sq ft), and smaller branch-occupancy buildings in Jackson, Chattanooga, Knoxville, Hattiesburg, Meridian, and Malden; specialty holdings include the Little Pink House employee retreat in Orange Beach, AL, the Point North Business Condo in Marietta, GA, and the Nations and Metz Place development parcels in Nashville.

The business model is direct ownership and leasing of physical real estate, primarily single-tenant net-lease arrangements with Novatech, a managed IT and print services provider with disclosed revenue exceeding $95 million and 13 offices in 7 states. Pricing is not publicly disclosed. The firm also pursues opportunistic development (e.g., Bank Street mixed-use apartments and retail, acquired August 2020) and selective divestitures (e.g., the $6.6 million sale of 15 Lindsley Avenue to Sonic Automotive in July 2020). Revenue streams are essentially recurring rental income from the Novatech lease portfolio, with ancillary value creation through redevelopment, historic preservation, and asset sale events.

Luxeterra's go-to-market is direct property leasing through its own website and listing channels, supported by a 1-10 person team and the operating credibility of its founder, who previously scaled NovaCopy (now Novatech) to over $100 million in revenue and 400+ employees across 20+ acquisitions before transitioning to Luxeterra. Distribution is domestic-only. The firm has no disclosed technology platform, no AI/ML capabilities, no funding rounds, and no institutional investors; growth has been funded organically by the founder and capital recycling from asset sales.

Name

Luxeterra

Legal name

Luxeterra, LLC

Website

https://luxeterra.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Luxeterra is a Nashville-based, privately held real estate investment and development firm founded in 2018 by Darren Metz. It owns, develops, and leases a portfolio of roughly 13 commercial and mixed-use properties across 6+ U.S. states, primarily single-tenant buildings occupied by Novatech, an enterprise managed IT and print services provider.

Ownership category

akta.pro rank

Headquarters

HQ city

Nashville

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Real Estate Investment and Development: Luxeterra generates revenue through ownership, development and leasing of commercial and residential properties nationwide. The company also provides capital to growing businesses as part of its investment strategy.

Distribution channels1 record

Marketing channels2 records

Core offering

Luxeterra is a real estate investment and development firm that owns, develops, and leases commercial and residential properties nationwide. The company's portfolio includes office buildings, warehouses, mixed-use developments, and specialty properties located across Tennessee, Mississippi, Missouri, Texas, Georgia, and Alabama. Properties range from newly built corporate headquarters such as Sylvan Station in Nashville to LEED Gold certified facilities like Novatech Memphis and historic renovations including Novatech Meridian.

Product overview

Luxeterra operates as a real estate investment and development firm offering a portfolio of commercial and residential properties across multiple U.S. states. The company owns and manages income-producing commercial properties primarily leased to Novatech, including office buildings, warehouses, and mixed-use facilities in Tennessee, Mississippi, Missouri, Texas, Georgia, and Alabama. Properties range from corporate headquarters like Sylvan Station in Nashville to regional branch offices such as Novatech Memphis (LEED Gold certified), Novatech Dallas, and smaller service centers in Jackson, Chattanooga, Knoxville, Hattiesburg, Meridian, and Malden. The portfolio also includes specialty properties like the Little Pink House employee retreat in Orange Beach, the Point North Business Condo in Georgia, and the Off The Wall street art sponsorship project. Luxeterra also engages in new development projects and historic property preservation, exemplified by the Bank Street mixed-use development plans and sold properties like the 15 Lindsley Avenue commercial building.

Differentiator

Problem solved

Functional benefit

Products and services

• Sylvan Station Newly built 26,000 square foot commercial office building at 4106 Charlotte Ave in Nashville's Charlotte Avenue district. Houses Novatech headquarters on 2nd and 3rd floors and ground-floor retail tenants including 8th and Roast coffee shop and Five Points Pizza.
• 15 Lindsley Avenue 27,500 square foot commercial building in Nashville's SoBro neighborhood on Interstate 40, comprised of 7,500 sq ft showroom, 12,500 sq ft warehouse, and 7,500 sq ft office space; sold in July 2020 to Sonic Automotive Inc. for $6.6 million.
• Novatech Jackson 7,200 square foot commercial building on Highway 45 Bypass in Jackson, Tennessee, leased to Novatech for their Jackson office.
• Novatech Chattanooga 5,000 square foot historically rehabilitated commercial property minutes from downtown Chattanooga, Tennessee, housing Novatech's Chattanooga branch while maintaining the historic brick structure.
• Novatech Dallas 43,648 square foot commercial building on almost 2 acres adjacent to DFW airport and John Carpenter Freeway in Irving, Texas, updated to meet ADA requirements with office, showroom, service area, and warehouse; houses Novatech's Texas facility.
• Novatech Memphis 27,000 square foot LEED Gold certified commercial building built in 2015 on almost 3 acres adjacent to Interstate 40 in Memphis, Tennessee. Visible to 121,000+ motorists daily, divided into office space, service area, warehousing, and showroom, and currently leased to Novatech Incorporated.
• Novatech Malden 8,000 square foot commercial building on 2.9 acre parcel in Malden, Missouri's business park, developed by Luxeterra through an economic development partnership with the City of Malden. Originally sited as WWII Air Force training facility land; currently leased to Novatech.
• Novatech Meridian Historic commercial property at 2501 Front Street in Meridian, Mississippi, originally built in 1940 and renovated in 1993 with subsequent updates by Luxeterra after acquisition in early 2017.
• Novatech Knoxville 13,440 square foot commercial building in Knoxville's Lovell Road business area, purchased in winter 2016 and equally divided for office and warehousing; houses Novatech's East Tennessee office.
• Novatech Hattiesburg 7,000 square foot commercial building in Hattiesburg, Mississippi originally built in 1973 as the home of South Mississippi Business Machines; purchased by Luxeterra in 2016, recently renovated, and home to Novatech's south Mississippi branch.
• Metz Place Investment property located in Eads, Tennessee 38028, held by Luxeterra for future development.
• Little Pink House Beach house retreat built in 2017 in Orange Beach, Alabama, in a family-friendly community near the Gulf of Mexico. Purchased by Luxeterra for development and leased to Novatech as an employee retreat.
• Point North Business Condo New construction commercial business condo at 1880 West Oak Parkway in Marietta, Georgia, in the Atlanta business district; aided Novatech's Southeast Market expansion.
• Development Property In The Nations 4.63 acre development property at 522 39th Avenue North in Nashville's Nations neighborhood, purchased in 2017 and containing a 14,700 sq ft warehouse and 6,500 sq ft office building built in 1974; adjacent to Charlotte corridor with significant development activity.

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• City of Malden, MissouricoreStrategic or Co-development Partner · 13 November 2018Economic development partnership through local government activation of federal surplus land. Luxeterra received 2.9 acres of land for development purposes as part of Malden's economic development program. The land, originally a WWII Army Airfield training facility, was given to Luxeterra to develop into a business park. Novatech opened a branch facility with a ribbon-cutting ceremony attended by Mayor Denton Kooyman.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Healthpeak Properties: Diversified healthcare/outpatient and lab/life-sciences REIT with Sun Belt exposure — comparable as a public CRE investor targeting growth markets including Tennessee and Texas where Luxeterra has assets.
• HCA Realty / HCA Holdings Real Estate: Nashville-based large diversified enterprise with substantial owned real estate across Tennessee and the Sun Belt — comparable as a Nashville-headquartered owner-operator of commercial property in the same metros.
• Brookfield Property Partners: Global large-scale real estate investor and operator with significant Sun Belt office and mixed-use exposure — comparable at the asset-class level as a major owner-operator in markets overlapping Luxeterra's footprint.
• Pinnacle Financial Partners: Nashville-headquartered financial services firm with significant owned real estate throughout Tennessee and the Southeast — comparable Nashville corporate tenant/owner footprint in the same markets.
• Phillips Edison & Company: Publicly traded net-lease REIT focused on grocery-anchored and necessity-based retail real estate — comparable as a public, distributed-portfolio real estate investment vehicle, though with a different asset focus.

Direct peers

• Cousins Properties: Atlanta-based public REIT focused on Class A office towers in Sun Belt growth markets (Atlanta, Nashville, Charlotte, Austin) — comparable geography and asset class to Luxeterra's office holdings.
• Highwoods Properties: Publicly traded REIT headquartered in Raleigh, NC with deep Sun Belt office concentration across Nashville, Memphis, Atlanta, and other Southeast markets — directly comparable to Luxeterra's office-focused, Sun Belt-tilted portfolio.
• Diversified Properties: Private, family-owned commercial real estate investment and development firm operating in Mid-South and Southeast markets — directly comparable owner-operator profile to Luxeterra in similar geographies.

Regional players

• Eakin Partners: Nashville-based privately held commercial real estate investment and brokerage firm focused on Tennessee and the Southeast — comparable private, founder-led model serving similar office and mixed-use investors in Luxeterra's core geography.
• Boyle Investment Company: Memphis-based private real estate developer/investor with a multi-decade track record in commercial and mixed-use developments in the Mid-South — comparable geography and private owner-operator model to Luxeterra.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/luxeterra

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Luxeterra