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CHARLOTTE-New York-based RREEF is the new owner of the 456,000-sf, four building Nations Ford Business Park at the southwest corner of Interstate 485 and the Interstate 77 interchange. RREEF paid Northwestern Mutual Life Insurance Co. $15 million or $32.89 per sf for the warehouse/distribution asset just north of Westinghouse Boulevard at the southwest corner of Interstate 485 and the Interstate 77 interchange.

Circuit City, Impact Mailing and Fresenius Medical Care are among the park’s tenants. Trammell Crow Co. represented RREEF. Tribek Properties negotiated for Northwestern.RREEF manages $12.4 billion in pension fund real estate investments for over 190 corporate, public and international clients. The firm has 112 property management offices nationwide and property acquisition offices in San Francisco, Chicago and New York.

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