### WestPark Partners Acquires and Rebrands Distressed Nashville Office Building
WestPark Partners recently purchased a Maryland Farms office building at a significant discount following a foreclosure auction last month. The group acquired the five-story WestPark Building for $6.3 million, reflecting an $18.57 million loss from its previous sale price in 2013. The property was previously owned by First National Bank of Tennessee, which had taken possession from Crestview Funds through foreclosure.
Located at **111 Westwood Place**, the building was constructed in 1982 and offers nearly **100,000 square feet of office space** on a **5.14-acre lot**, just south of Nashville.
WestPark Partners is rebranding the vacant property as **WestPark Exchange** and is in the early stages of planning renovations. The office building has remained unoccupied since late 2024.
The investment group behind WestPark Partners consists of CET Holdings and additional partners. Their portfolio includes notable developments such as **Branch Creek Office Park in Franklin, the boutique hotel Neo Nashville, and the Seven at 7 Mile Creek Apartments in Nashville**.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
