February 4, 2012

Boyle Forms Real Estate Investment Fund

Boyle's Meridian on Carothers Blvd

Boyle's Meridian on Carothers Blvd

Boyle Investment Company in Cool Springs is pleased to announce the formation of the Midsouth Capital Fund I, LLC, which is targeting approximately $80 to $100 million in real estate investment opportunities throughout the mid-south region, with a special focus on Memphis and Nashville.

Current initial equity capital committed is $32 million, with Boyle Investment Company and related entities contributing $10 million of the total raised.  Rusty Bloodworth, Paul Boyle, Henry Morgan and Mark Halperin are behind the new real estate investment fund by Boyle.

In its first transaction in the Nashville region, the Midsouth Capital Fund I acquired the 43,000-square-foot Goodlettsville office building, which will serve as the new corporate headquarters for Commonwealth Brands. The second transaction in the Memphis region involved the purchase of a majority interest in Germantown Village Square Shopping Center at the highly visible intersection of Poplar Avenue and Germantown Road.

Boyle's Rusty Bloodworth, Henry Morgan, Paul Boyle & Mark Halperin

Boyle's Rusty Bloodworth, Henry Morgan, Paul Boyle & Mark Halperin

Boyle Adds Westin Hotel to Meridian Cool Springs

Here is the story as reported by the Nashville Business Journal:

Boyle adds Westin hotel to Meridian Cool Springs

Boyle Investment Co. is expanding the Meridian Cool Springs to include a high-end Westin hotel, which will be the first in Nashville.

The expanded Meridian will be 65 acres with three hotels, more than one million square feet of office space and 68,665 square feet of upscale retail including seven restaurants, one bank, a coffee shop, dry cleaners, salon and day spa.

Franklin-based Chartwell Hospitality is developing the six-story, 225-room hotel with 10,000 square feet of meeting space and a 5,000 square foot of ballroom. The company’s portfolio includes more than 32 hotel properties in the U.S, employing more than 725 people.

The Westin will begin construction in fall 2008.

The company’s One and Two Corporate Centre office buildings will be incorporated into the Meridian development, and the new Westin hotel will go between them.

The six-story office building names will be changed to One and Two Meridian to reflect the combination.

Memphis-based Boyle is active in retail, office and mixed-use developments throughout Middle Tennessee.”

Cool Springs Lands PICA Headquarters

Its no surprise the Cool Springs Franklin area has landed another juicy corporate relocation.  As reported by Richard Lawson with the Nashville Post:

“ Cool Springs lands another headquarters

Boyle Investment’s development pulls a company from Brentwood

Cool Springs is picking up yet another headquarters.

Podiatry Insurance Company of America has signed a lease to anchor a new office building in Boyle Investment’s Meridian Cool Springs development along Carothers Parkway.

The company has leased 50,000 square feet of a 102,500 square-foot building Boyle will build. Boyle has a commitment on another 25,000 square feet. The building should be ready by September next year at which point PICA will move from its Brentwood office space.

Boyle kicked off Meridian Corners with construction of a new headquarters building for Community Health Systems, which was completed last November. Healthways will be moving soon into a new headquarters building Highwoods Properties is constructing. Nissan Americas headquarters is under construction just down Carothers Parkway from Meridian Corners. The former Primus building has also attracted headquarters, such as Spheris, Cybera and HealthSpring, which moves there in a couple of weeks, .

Jeff Haynes and Thomas McDaniel, both with Boyle, handled the deal with PICA from the landlord side. David Koziak and his team at Newmark Knight Frank represented PICA.”

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