{"id":1004304230,"date":"2019-03-01T04:03:27","date_gmt":"2019-03-01T12:03:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004304230"},"modified":"2019-03-01T04:04:07","modified_gmt":"2019-03-01T12:04:07","slug":"fd-stonewater-buys-nashville-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fd-stonewater-buys-nashville-office-asset\/","title":{"rendered":"FD Stonewater Buys Nashville Office Asset"},"content":{"rendered":"<div id=\"attachment_1004304242\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Southplace-Office-Park-5880-Nolensville-Pike.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004304242\" data-attachment-id=\"1004304242\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fd-stonewater-buys-nashville-office-asset\/southplace-office-park-5880-nolensville-pike\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Southplace-Office-Park-5880-Nolensville-Pike.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Southplace Office Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Southplace Office Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Southplace-Office-Park-5880-Nolensville-Pike.jpg?w=640\" class=\"wp-image-1004304242 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Southplace-Office-Park-5880-Nolensville-Pike.jpg\" alt=\"\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Southplace-Office-Park-5880-Nolensville-Pike.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Southplace-Office-Park-5880-Nolensville-Pike.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004304242\" class=\"wp-caption-text\">Southplace Office Park<\/p><\/div>\n<p>Gramercy Property Trust\u2014part of The Blackstone Group following a <a href=\"https:\/\/www.commercialsearch.com\/news\/blackstone-to-buy-gramercy-property-trust-for-7-6b\/\">$7.6 billion deal last year<\/a>\u2014has sold Southplace Office Park, an 89,056-square-foot property in Nashville, Tenn., to FD Stonewater for $17 million, according to public records. Starwood Capital originated $11.1 million in acquisition financing for the buyer.<\/p>\n<p>The Class B asset is fully leased to Aramark. The seller purchased the building from Elman Investors in May 2014 for $16.5 million, per Yardi Matrix data.<\/p>\n<p>Located at 5880 Nolensville Pike in the Far South Nashville office submarket, the one- and two-story building is roughly 10 miles south of the city\u2019s downtown, alongside U.S. Highway 41A. The property is a short distance from a number of retail properties, and a local bus route links it with the city center as well as Global Mall at the Crossings to the east.<\/p>\n<p>Same as Southplace Office Park, the bulk of Nashville\u2019s office sales in the past 12 months have been for suburban assets. Across the metro, Yardi Matrix noted 26 transactions totaling 3.4 million square feet valued at $644.6 million since February 2018. This marks a slight decrease from the previous year, as <a href=\"https:\/\/www.commercialsearch.com\/news\/cres-tailwinds-and-headwinds-for-2019\/\">office transactions begin to slow nationwide<\/a>.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class B building traded for $17 million. The fully leased property last changed hands in 2014, for $16.5 million.<\/p>\n","protected":false},"author":861,"featured_media":1004304242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21783,13,36077,21742,21747],"tags":[33491,33227,34880,33129],"class_list":["post-1004304230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-investment","category-midwest","category-nashville-knoxville","category-latest","category-office","tag-fd-stonewater","tag-gramercy-property-trust","tag-starwood-capital-group","tag-the-blackstone-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FD Stonewater Buys Nashville Office Asset - 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\/fd-stonewater-buys-nashville-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FD Stonewater Buys Nashville Office Asset\" \/>\n<meta property=\"og:description\" content=\"The Class B building traded for $17 million. The fully leased property last changed hands in 2014, for $16.5 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fd-stonewater-buys-nashville-office-asset\/\" \/>\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=\"2019-03-01T12:03:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-03-01T12:04:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Southplace-Office-Park-5880-Nolensville-Pike.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fd-stonewater-buys-nashville-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fd-stonewater-buys-nashville-office-asset\/\",\"name\":\"FD Stonewater Buys Nashville Office Asset - 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