Westgate buildings sold to Houston firm

Tuesday, July 15, 2008 at 1:40am

Kirkland Properties has sold two of its Brentwood office buildings for $9 million.

Houston-based Principle Equity Management bought the two buildings located in the Westgate Commons office and retail park.

One is The Protective Life Building at 1620 Westgate Circle, which fetched $5.3 million. The second building at 1624 Westgate went for $3.5 million.

Principle has a previous relationship with Kirkland. Two years ago, the firm bought the former Service Merchandise headquarters building from Kirkland. Kirkland had rehabbed that 301,570-square-foot building, dubbed it Cool Springs Commons and leased it up with multiple tenants, the largest of which is Community Health Systems.

Principle is a syndicator for tenant-in-common transactions. Rob Lowe and Whit McCrary, brokers with Colliers Turley Martin Tucker, handled the transaction.

Filed under: City Business
By: TNReader on 12/31/69 at 6:00

These buildings are not in Maryland Farms. Westgate Circle is in what I believe is called Westgate Commons. It is where the Acura and Lexus car dealers are, along with Sportsman's Grill, Cozeymel's, etc. Westpark Drive is in Maryland Farms.