Wexford paid Atlanta-based Lend Lease Real Estate Investments Inc. $11 million or $20.80 per sf for the property. Reemay, a polyester products manufacturer, occupies the entire structure.
"Nashville is a target market for us, from an equity investment standpoint and also as a permanent lender," Steve Byers, CEO of Wexford Bancgroup, says in a prepared statement. "We think the city has strong continued growth prospects due to its diverse economic base." Wexford Capital is an affiliate of Wexford Bancgroup.
Michael Gorney, senior vice president/investment officer, Wexford Capital Partners, originated and negotiated the transaction for his company.
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