Shorenstein Investment Advisers Acquires 330376 SF Office Tower In Nashville For $217.75M
Tennessee
See Similar DealsShorenstein Investment Advisers Acquires 330376 SF Office Tower In Nashville For $217.75M
1222 Demonbreun Street
See Similar DealsSummary
Shorenstein Investment Advisers acquired an office tower at 1222 Demonbreun Street in Nashville, TN, for a total of $217.75 million. The property spans 330,376 square feet and has an estimated price per square foot of $659. It is located in the Gulch district, known for its vibrant commercial environment.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $217,750,000
- Buyer: Shorenstein Investment Advisers
- Seller: Endeavor Real Estate Group & Long Wharf Capital
- Broker: JLL
- Square Footage: 330,376
- Price Per Square Foot: $659
- Market: Nashville, TN
JLL facilitated the sale and financing of the property, with financing provided by AllianceBernstein for the transaction. The property is currently 97% leased, with the Tennessee Valley Authority serving as its anchor tenant.
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