(For more retail coverage, click GlobeSt.com/RETAIL.)

NASHVILLE-The sale of an 850,000-sf retail asset here involvedtwo firsts: it was the first Tennessee buy for a Dallas investmentfirm and 100 Oaks Mall was the first enclosed shopping mall builtin Nashville, back in 1967.

100 Oaks Plaza LLC, led by Anthony T. Ruggeri and FrankMihalopoulos, purchased the retail asset and the adjoining 100 Oaksoffice tower from Belz Enterprises of Memphis. The priorrelationship between the two sides facilitated the Dallas-basedfirm's entrance into the market, a spokeswoman for the buyer tellsGlobeSt.com. Mihalopoulos declined to reveal the acquisition price,and tells GlobeSt.com that the cap rate is no really applicablebecause it is a redevelopment. "This was not bought as anincome-producing property," he explains. JP Morgan financed thedeal.

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