The seller is a partnership that includes the chairman of the locally based Franklin Financial Corp., and a principal and general counsel of Franklin National Bank.
Formerly called the NationsBank building, the property assumed the Bank of America name during a 1999 merger. Although Charlotte-based Bank of America no longer has a branch in the building, it retains general administration space there and is the lead tenant along with locally based Wilson Financial Services.
Approximately 9,000-sf were recently vacated by locally based Brentwood Insurance Services, bringing occupancy down to 72%.
Nashville-based ProVenture Commercial represented Ozburn in the transaction and will manage and lease the building for the new owners. ProVenture absorbed the Nashville operations of Dallas-based Trammell Crow in April 2002.
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