MEMPHIS, TN-Kaufman Realty Group of Atlanta has sold the 275,000-sf White Station Tower in East Memphis to BGK Group of Santa Fe, NM for about $20 million.
The 24-story multi-tenant office building and its distinctive domed roof last traded hands in 1998, when Kauffman acquired it for $18.4 million. It was built in 1968. The top floor, once home of a revolving restaurant, is now an executive suites operation.
The building's anchor tenant is I-bank, a Memphis-area financial institution that keeps its headquarters in the building. Occupancy at time of sale was not immediately available.
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