Investment Summary

Philips Plaza is a 435,525 square-foot, 21-story, class-A office tower located in downtown Nashville, TN. The investment represented a recapitalization of the LCP's original investment in Bank of America Plaza, whereby a new joint-venture partnership was established. The asset was sold in February of 2019.

Investment Info

Status: Realized
Property Type: Office
Square-Footage: 435,525
Strategy: Acquisition
Sub-Strategy: Reposition, Lease-Up
Entry Date: May 19, 2016
Exit Date: Feb 20, 2019
Total Capitalization: $76,319,000
Exit Price: $111,500,000
Lingerfelt Role: General Partner

Location