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| Meidindger Tower 462 South 4th Street, Downtown Louisville, KY |
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| Lenisa Alvey |
ATLANTA, GA – Holliday Fenoglio Fowler, L.P. (“HFF”)
announced it has closed the $32 million sale of Meidinger Tower, a 26-story, 331,172-square-foot, Class A office
tower in downtown Louisville, Kentucky.
HFF marketed the property,
along with locally-based NAI Fortis Group, on behalf of the seller, Torchlight
Investors, based in New York City.
In-Rel Properties purchased the asset free and clear of existing
financing.
Meidinger Tower is located
at 462 S 4th Street adjacent to Louisville’s premier retail and entertainment
district, 4th Street Live!, in the heart of downtown Louisville.
Renovated in 2006, the property is currently 97
percent leased to tenants, including Computershare, Mountjoy Chilton Medley,
Cotiviti, River Road Asset Management, Seiller Waterman, Northwestern Mutual
and TQL.
The HFF investment sales
team representing the seller was led by managing director Ralph Smalley and senior managing director John Merrill. Mark Wardlaw and Lenisa Alvey led the sales process for NAI Fortis Group.
“Louisville is a vibrant
city with its own unique character combining aspects from both Midwestern and
Southern cultural influences,” said Merrill.
“As a result, Meidinger Tower, with its outstanding location within the
heart of the city, was attractive to investors from throughout the Southeast
and Midwest.”
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell
617.543.4873 | www.hfflp.com
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