Auction of Regions Center hits road bump

High bid did not reach owner's minimum price
Sep 14, 2012 1:42 PM
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Regions Center goes for $15.5M in online auction

Identity of high bidder not yet disclosed
Sep 12, 2012 4:10 PM
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Bids for Regions Center approach $15M

Bidding for downtown’s Regions Center is continuing today with a flurry of afternoon bids. An unknown bidder had offered $14 million as of 2:28 p.m.

Interestingly, the bidding process has picked up steam as the day progressed. This morning at 8, the high bid was only $7.5 million. Bidding via auction.com started Monday at $6 million for the 602,000-square-foot, 28-story building, which opened in 1973.

The Nashville office of Cassidy Turley helped handle the sales process for Regions Center owner LNR Partners, which is based in Miami Beach, Fla. Auction.com Commercial’s Erin Andrew and Crews Johnston III and Perry Gooch, Cassidy Turley senior managing director and vice president respectively, co-coordinated the effort.

Nashville Post will keep you posted as to the bidding process as the afternoon progresses.

Sep 12, 2012 2:28 PM

Bid for Regions Center hits $7.5M

Bidding for downtown’s Regions Center will conclude today, with the most current offering for the skyscraper at $7.5 million.

Bidding via auction.com started Monday at $6 million for the 602,000-square-foot, 28-story building, which opened in 1973.

The Nashville office of Cassidy Turley is helping handle the sales process for Regions Center owner LNR Partners, which is based in Miami Beach, Fla.

Auction.com Commercial’s Erin Andrew and Crews Johnston III and Perry Gooch, Cassidy Turley senior managing director and vice president respectively, are co-coordinating the effort.

“There certainly have been over 100 groups who have showed interest, but we won’t know until [Wednesday] how many of those will have been active and reasonable bidders,” Johnston said late Tuesday afternoon before adding with a chuckle, “I am the arbiter of what is reasonable.”

Sep 12, 2012 6:45 AM

Permit Patrol: 18 May 2012

Hot chicken in Midtown, Regions Center upgrades, and more...
May 18, 2012 9:38 AM

CBRE now managing Regions Center

LNR Partners, the new owner of Regions Center, has named CB Richard Ellis as the exclusive leasing agent and building manager for the 28-story building.

Mark Woolwine (pictured) and Bill Neill will handle the leasing with Kathy Reed acting as building manager.

Apr 13, 2011 10:45 AM