NASHVILLE-Mesirow Financial based in Chicago has acquired Eleven North, an apartment complex comprising 301 units at Charlotte and 11th avenues, for $58.7 million or over $195,000 per apartment. Georgia-based firms, Stonehenge DCM and TriBridge Residential LLC were the developers of Eleven North. Jones Lang LaSalle brokered the deal for the seller.
The Eleven North sale sets a new record price per apartment for a Nashville multifamily deal, overtaking the per unit price record of $170,000 fetched by Velocity in Gulch earlier in 2012. For the full story, go to Nashville Business Journal .
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