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NASHVILLE-American Center GP has received a $66-million loan to refinance two class A office properties here, One and Two American Center. First Southern Mortgage Corp. of Nashville originated the loans.
First Southern Mortgage arranged the 15-year term loan through AIG Global Investments Group, according to vice president of First Southern Mortgage Stephen Brink, who originated the financing. AIG Global Investments is the parent company of American General Life, who also participated in the loan.
One American Center is a 12-story office property. It was built in 1986 and underwent slight modifications in 1998. Its sister tower, Two American Center, is an 11-story property which was completed in 1998. In addition to the office buildings, there is a parking garage that accommodates more than 1,150 cars and Maggiano's Little Italy restaurant. Brink tells GlobeSt.com that American Center GP acquired the assets in 2000.
Comprising 410,818 rentable sf, the properties are located on West End Avenue, Brink says. The tenant rosters include Essent Healthcare, Inc.; Paine Webber, Inc.; Stephens, Inc.; Clientlogic Corp.; Salomon Smith Barney, Inc.; and Healthcare Management Systems, Inc.
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