JV ACQUIRES TENN. INDUSTRIAL PROPERTY FOR $2.32M

NASHVILLE, TENN. — A joint venture between Mississippi-based StateStreet Group and Tennessee-based Mathews Co. has acquired the 41,000-square-foot Buchanan Station, located at 1650 Elm Hill Pike in Nashville, from First Industrial Realty Trust for $2.32 million. The multi-tenant flex property is currently 94 percent leased. David McGahren of Cassidy Turley's Brentwood, Tenn., office represented the seller.