Lingerfelt CommonWealth Sells Bank of America Plaza in Downtown Nashville, TN

Press Release | May 19, 2016

Richmond, Virginia – May 19, 2016 – Lingerfelt CommonWealth Partners, LLC today announced the disposition of Bank of America Plaza located at 414 Union Street in downtown Nashville, TN, totaling 435,525 square feet, for a gross sales price of $74 million. The Company acquired the property in July 2013 for $41.75 million.

Lingerfelt CommonWealth Partners will continue to operate the asset for the new owner via its vertically integrated operating platform. Commonwealth Commercial Partners, the Company’s property management affiliate, will handle all aspects of the day to day asset and property management. CB Richard Ellis will continue to handle the leasing and marketing.

More on the company can be found on the web at www.LingerfeltCommonWealth.com.

ABOUT LINGERFELT COMMONWEALTH PARTNERS

Lingerfelt CommonWealth Partners, headquartered in Richmond, VA, is a vertically integrated, full-service real estate investment management firm with additional offices in Nashville TN, Jacksonville FL, Tampa FL, Greensboro, NC and Hampton Roads, VA. Together with its predecessors, both in the private sector and public REIT sector, its partners have built, acquired and operated nearly 20 million square feet of commercial real estate across the Mid-Atlantic and Southeast valued at nearly $2 billion.

CONTACTS:

Kenneth S. Strickler
Managing Director Acquisitions & Asset Management
Lingerfelt Commonwealth Partners
804-433-1809
[email protected]

J. Ryan Lingerfelt
President & Chief Investment Officer
Lingerfelt Commonwealth Partners
804-270-0015
[email protected]