Arlington Properties today announced The Tower, a luxury apartment high-rise in historic downtown Tuscaloosa, Ala., has sold in a transaction between HLD, Memphis Tenn., and Farris Properties, Birmingham, Ala. Arlington Properties will continue to manage the asset.

The elegant building was constructed in 1925 and was originally home to First National Bank. The Tower rises eleven stories above downtown Tuscaloosa and the Black Warrior River, providing spectacular views in all directions. The building has been completely renovated and revitalized. It now offers luxury studios and loft one, two, and three-bedroom apartments featuring upscale finishes and fixtures premium appliances, including washers and dryers. The 10′ to 20′ ceilings, original hardwood and mosaic tile flooring, exposed brick, and ductwork give the interiors a character that is second to none in Tuscaloosa.

The Tower is in the portfolio of Arlington Regional VP Donna Rock.

“We are excited to continue our relationship with this exceptional historic property and its new owners, said Rock.