Sunday, February 13, 2011

Nashville firm part of $100 million real estate deal

Nashville real estate investors Smith/Hallemann Partners have partnered with a Birmingham-based firm in a $100 million deal to purchase commercial properties in Nashville and Cincinnati, including the offices of the Cincinnati Enquirer newspaper.

The transaction in Nashville includes a three building plaza located near the airport and known as One, Two and Three Lakeview Place in the Century City Office Park. Collectively, the space encompasses approximately 380,000 square feet. Current tenants include certain offices leased by Thomas Nelson Publishers, CNA Insurance, Vista-Pro, Amerigroup, Hartford Insurance and others.
In Cincinnati, the purchase includes The Enquirer Building and an additional building located in the city’s central business district that together are approximately 610,000 square feet. Other tenants there include Mitsui Marine, The General Services Administration and Harland Financial Solutions.

The seller is the Indiana-based Duke Realty Corporation.

Tom Smith, chairman of Smith/Halleman Partners, said he and his partners plan to lease the unoccupied space at both locations. Approximately 10 percent remains unleased in the Cincinnati purchase, while 20 percent is vacant in Nashville.

Reach Anita Wadhwani at awadhwani@tennessean.com or 615-259-8092.

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