Phillips Plaza, 414 Union Street, Nashville, TN Phillips Plaza, 414 Union Street, Nashville,TN

NASHVILLE, TN—Greenwich, CT-basedWheelock Street Capital has acquired PhilipsPlaza, a 435,535-square-foot, 24-floor office tower located at414 Union Street in downtown Nashville, TN, from ajoint venture of Switzerland-based Partners Groupand Lingerfelt CommonWealth Partners, for areported $111.5 million.

Michael Ryan, Brian Linnihan and Richard Henryof Cushman & Wakefield secured a $71.9 millionacquisition loan on behalf of the buyer, and StewartCalhoun, Samir Idris, Crews Johnston, David Meline andHailey Paul of Cushman &Wakefield arranged the sale on behalf of the sellers, whowere identified by Real Capital Analytics, aproprietary research database that tracks commercial realestate  transactions. Real CapitalAnalytics also reported the sale price.

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Steve Lubetkin is the New Jersey and Philadelphia editor for He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for, a public policy news coverage website focused on New Jersey government and industry; and for clients of, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].