{"id":1004089954,"date":"2014-01-16T12:21:06","date_gmt":"2014-01-16T20:21:06","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=232171"},"modified":"2020-04-22T23:54:09","modified_gmt":"2020-04-23T07:54:09","slug":"lasalle-investment-management-buys-west-end-village-for-51m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-management-buys-west-end-village-for-51m\/","title":{"rendered":"LaSalle Investment Management Buys West End Village for $51M"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

\"\"<\/a>The recently completed 244-unit West End Village, a high-density luxury apartment community in Nashville\u2019s West End has been sold for $51.25 million, or $210,000 per unit, reports the Nashville Business Journal<\/em><\/a>. Chicago-based buyer LaSalle Investment Management Inc. acquired the newly finished asset from Atlanta-based developer The Residential Group LLC, which put the property up for sale late in the summer of 2013. The sale price seems to have brought a good profit for The Residential Group, as West End Village construction permits valued the development at $32.8 million. The property was marketed by Jones Lang LaSalle, according to a previous Nashville Business Journal <\/em><\/a>report.<\/p>\n

Located at 221 31st Avenue near the intersection of 31st<\/sup> Avenue and Long Boulevard, West End Village is comprised of two structures\u2014one three-story and one five-story\u2014featuring studio, one- and two-bedroom apartments. Units range between 517 square feet and 1,369 square feet and rent at rates between $1,265 and $2,572 per month. Residences come outfitted with washer and dryer, stainless-faced appliances, granite countertops, European style cabinets with modern hardware and nine- to ten-foot ceilings. Community amenities include gated, covered parking, bike storage, additional storage, high-tech conference center, state of the art fitness facility, outdoor pool with lounge area, grill area clubroom complete with coffee bar and cyber caf\u00e9, gaming room featuring a dry bar, private screening room with flat screen TVs and card room. Sustainable features include Energy Star appliances and light fixtures, high-performance windows and insulation, low VOC-emitting paints, carpets and sealants.<\/p>\n

The community is in close proximity to Vanderbilt University, HCA, Country Music Hall of Fame, Second Avenue, the historic Ryman Auditorium, the 132-acre Centennial Park, five hospitals, fashionable restaurants and shopping.<\/p>\n

West End Village was developed by a partnership comprised of The Residential Group, PPD Holdings, EDGE Principal Advisors and BBVA Compass Bank.<\/p>\n

Image courtesy of West End Village via Facebook<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The recently-finished 244-unit West End Village, a high-density luxury apartment complex in Nashville’s West End has been sold for $51.25 million, or $210,000 per unit<\/p>\n","protected":false},"author":49,"featured_media":1004505413,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36077,21742],"tags":[1598,1815],"class_list":["post-1004089954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nashville-knoxville","category-latest","tag-nashville","tag-national"],"acf":[],"yoast_head":"\nLaSalle Investment Management Buys West End Village for $51M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-management-buys-west-end-village-for-51m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LaSalle Investment Management Buys West End Village for $51M\" \/>\n<meta property=\"og:description\" content=\"The recently-finished 244-unit West End Village, a high-density luxury apartment complex in Nashville’s West End has been sold for $51.25 million, or $210,000 per unit\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-management-buys-west-end-village-for-51m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-16T20:21:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-23T07:54:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/West-End-Village.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-investment-management-buys-west-end-village-for-51m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-investment-management-buys-west-end-village-for-51m\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"LaSalle Investment Management Buys West End Village for $51M\",\"datePublished\":\"2014-01-16T20:21:06+00:00\",\"dateModified\":\"2020-04-23T07:54:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-investment-management-buys-west-end-village-for-51m\\\/\"},\"wordCount\":315,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-investment-management-buys-west-end-village-for-51m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/West-End-Village.jpg\",\"keywords\":[\"Nashnville-Knoxville\",\"National\"],\"articleSection\":[\"Nashville - 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