Hines dumps Nashville center
Will continue to manage mixed-use property
By Inman News, Tuesday, February 10, 2004.Inman News®
International real estate firm Hines sold 2525 West End, a 366,000-square-foot, office/retail development in Nashville, Tenn.
The value of the transaction was not disclosed.
Completed in 2000, the 14-story property includes 300,800 square feet of class A office space and 65,200 square feet of upscale retail space. Located at the corner of West End Avenue and Natchez Trace across the street from the main entrance of Centennial Park, the 2525 West End is centrally located between I-40 and I-440 on the edge of the Vanderbilt University campus.
The Lionstone Group, a Houston-based real estate investment firm, was the buyer.
The office tenants in this fully leased project include Wyatt Tarrant & Combs; First Tennessee Bank; Morgan Stanley; and the Renal Care Group. Retail tenants include PF Changs'; Fleming's Steakhouse; Borders Books; and Starbucks.
Hines, a privately owned real estate company, has been retained by the new owner to continue as leasing/property manager.
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