NASHVILLE-Mesirow Financial based in Chicago has acquired ElevenNorth, an apartment complex comprising 301 units at Charlotte and11th avenues, for $58.7 million or over $195,000 per apartment.Georgia-based firms, Stonehenge DCM and TriBridge Residential LLCwere the developers of Eleven North. Jones Lang LaSalle brokeredthe deal for the seller.
The Eleven North sale sets a new record price per apartment fora Nashville multifamily deal, overtaking the per unit price recordof $170,000 fetched by Velocity in Gulch earlier in 2012. Forthe full story, go to Nashville Business Journal .
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