Cushman & Wakefield has secured $48.85 million in financing for KBS Capital Advisors for the acquisition of Corporate Centre 8 and 9, located in Franklin, Tennessee. The three-year, floating-rate loan has two one-year extension options. Michael Ryan, Brian Linnihan and Richard Henry arranged the loan.
Corporate Centre 8 and 9 are located at 6640 and 6550 Carothers Parkway inside the 1 million-square-foot Corporate Centre office park, which is located 14 miles from Nashville’s Central Business District and includes an all-suites hotel and conference center. The five-story office buildings total 311,864 square feet. The property also includes walking paths, superior property management, underground telecommunications connectivity between buildings, underground utilities, fiber-optic telephony, cable television and broadband service.