Search
 

Fort Properties Enters Nashville-Area Market

FRANKLIN, TN-The Los Angeles-based firm acquires Dover Centre at Cool Springs, a 224,229-sf class A asset. The property is 96.5% leased.

By Melissa Kress | Updated on September 06, 2006

FRANKLIN, TN-Los Angeles-based Fort Properties has made its debut in the Nashville-area market with the acquisition of Dover Centre at Cool Springs. The class A office asset is 96.5% occupied.

The property contains six two-story office buildings with 224,229 sf of office space. Dover Centre is located at 113 and 117 Seaboard Lane here, less than a mile from Cool Springs Galleria. The tenant roster includes Iasis Healthcare Corp., Gordian Health Solutions, Cowan Benefits, Crawford & Co. and Attentus Healthcare.

The firm declined to disclose the purchase price; however, an industry source puts the price tag at $37 million. The seller was Cumberland Advisors, LLC, which was represented by Donald Albright and Douglass Johnson of CB Richard Ellis. Robert Alter, vice president of acquisitions at Fort Properties, represented the firm. Fort has tapped CBRE to manage and lease Dover Centre, with Donna Wheeler overseeing the property management, and Janet Sterchi and Lisa Maki handling the leasing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.