(Read more on the industrial market.)
NASHVILLE-Newport Beach, CA-based KBS Real Estate InvestmentTrust has acquired the six-building, 551,184-sf Nashville FlexPortfolio for $53.5 million. The seller was an affiliate ofChicago-based First Industrial Realty Trust.
The acquisition included the following six flex properties: the72,384-sf Royal Parkway Center I built in 1990, the 75,000-sf RoyalParkway Center II built in 1990, the 135,355-sf Greenbriar built in1986, the 166,137-sf Cumberland Business Center built in 1998, the42,015-sf Riverview Business Center I built in 2000 and the60,293-sf Riverview Business Center II built in 2001. The Atlantaoffice of CB Richard Ellis represented the seller. KBS representeditself.
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