{"id":1004365400,"date":"2019-11-04T03:12:45","date_gmt":"2019-11-04T11:12:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004365400"},"modified":"2019-11-04T06:52:50","modified_gmt":"2019-11-04T14:52:50","slug":"nashville-office-portfolio-lands-89m-refi","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nashville-office-portfolio-lands-89m-refi\/","title":{"rendered":"Nashville Office Portfolio Lands $89M Refi"},"content":{"rendered":"
\"\"<\/a>

Two American Center<\/p><\/div>\n

A joint venture between Arkansas Teacher Retirement System and Cooper Realty Investments has secured an $89 million refinancing package for American Center, a two-tower, 412,608-square-foot Class A office portfolio in Nashville, Tenn., according to public records. Lincoln National Life Insurance provided the 10-year note, which also encumbers an adjacent retail building. The debt retires a $66 million CMBS loan from 2006.<\/p>\n

The owner purchased One and Two American Center in late 2000 as part of a $71 million unrecorded acquisition from Goldman Sachs Asset Management, per Yardi Matrix data. In the years that followed, the buildings were extensively renovated, becoming LEED Certified in 2011.<\/p>\n

\"\"<\/a>

The entrance to One American Center<\/p><\/div>\n

Located 2 miles southwest of downtown Nashville at 3100 and 3102 West End Ave., the office towers are within 1 mile of some 3.9 million square feet of office space, according to Yardi Matrix. The portfolio is a short distance from Vanderbilt University and a large selection of retailers. Several hotels, including the upcoming, 163-key Staybridge Suites<\/a>, are also in the neighboring area.<\/p>\n

The 11- and 12-story office buildings, constructed in 1986 and 1988, provide a wide range of amenities, from a 5,000-square-foot fitness center to conference facilities. Tenants include Edward Jones, Regus and UBS. Cooper Realty, which also occupies space in one of the towers, oversees management and leasing efforts. The assets have 8,500 square feet of retail at the base.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Arkansas Teacher Retirement System JV\u2019s two Class A towers comprise more than 400,000 square feet in the city\u2019s West End.<\/p>\n","protected":false},"author":861,"featured_media":1004365403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,13,36077,21742,21747],"tags":[36351,33435,32779,37440],"class_list":["post-1004365400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-midwest","category-nashville-knoxville","category-latest","category-office","tag-capital-improvement","tag-goldman-sachs","tag-leed","tag-lincoln-national-life-insurance-company"],"acf":[],"yoast_head":"\nNashville Office Portfolio Lands $89M Refi - 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\/nashville-office-portfolio-lands-89m-refi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nashville Office Portfolio Lands $89M Refi\" \/>\n<meta property=\"og:description\" content=\"The Arkansas Teacher Retirement System JV\u2019s two Class A towers comprise more than 400,000 square feet in the city\u2019s West End.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nashville-office-portfolio-lands-89m-refi\/\" \/>\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=\"2019-11-04T11:12:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-04T14:52:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/Two-American-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\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\/nashville-office-portfolio-lands-89m-refi\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nashville-office-portfolio-lands-89m-refi\/\",\"name\":\"Nashville Office Portfolio Lands $89M Refi - 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