117,000-SQUARE-FOOT OFFICE PROPERTY SELLS FOR $24.25 MILLION IN TENNESSEE

BRENTWOOD, TENN. — Northwestern Mutual has acquired Gateway II, a Class A office building in Brentwood, for $24.25 million. Located on 5.5 acres at 5500 Maryland Way, the four-story property offers 117,000 square feet of rentable space. The property is currently 100-percent occupied by tenants, including LifePoint Hospitals, Stanley D. Lindsey & Associates and Robin & Morton. Alex S. Palmer & Co., the seller, developed and built the property in 2007. Douglass Johnson and Steve Preston of CB Richard Ellis' Nashville, Tenn., office brokered the transaction.