An Antioch office building housing some of the Nashville-based Asurion operations has been sold for $ 27.85 million – with the buyer, Philadelphia-based global real estate giant EQT Exeter, according to a document. from the Davidson County Deeds Register.
Located at 5720, boul.The Class B, one-story office building offers approximately 121,600 square feet and spans approximately 11.7 acres.
Arlington, Va.-Based real estate investment firm FD Stonewater was the seller, having paid $ 12.45 million in December 2014, Metro files show.
The southeastern Davidson County building was constructed in 2006 and a renovation worth around $ 7 million began in 2014, according to marketing materials.
Nick Foster and Jason DeWitt – advisers to the Irvine, California and Chicago offices of JLL Capital Markets, respectively – represented FD Stonewater.
William Sisk and Brett Wallach, brokers in the Franklin office of Lee & Associates – Nashville, represented EQT Exeter. A source who asked to remain anonymous said the property – which offers the potential to be used as industrial space – has attracted interest from 10 other national entities.
EQT Exeter oversees around $ 10 billion in equity capital for its institutional investors, according to the company’s website. The company has offices in 40 US and international locations and is focused on the acquisition, development, leasing and management of logistics / industrial, office, life sciences and multi-family properties.
Asurion, a mobile device insurer and technology services company, operates various back office functions at 5720 Crossings and has a lease until 2028. Having a major presence in Grassmere Park, the company will eventually consolidate most of the business. from its local offices in the near future. to open the head office of North Gulch.
AmMed once operated from the building.
