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Mesirow Financial Pays $58.8M for Eleven North

TriBridge Residential, Carlyle Group Sells 302 Unit Nashville Multifamily
November 26, 2012
Mesirow Financial, Inc., a Chicago-based property investment firm, purchased the 302-unit Eleven North luxury apartment complex at 210 11th Ave. N in Nashville, TN from TriBridge Residential and The Carlyle Group for $58.75 million, or about $195,000 per unit.

The multifamily building is a newly developed housing property and recently opened with 95-percent of units pre-leased. The sale marks a record high for price per unit in the submarket, and is consistent with the growing market-wide trend for luxury multifamily properties.

Vincent Lefler, Derrick Bloom, and Christie Hawver of Jones Lang LaSalle represented the seller.

Please see CoStar COMPS #2602743 for more information on this transaction.
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