Shorenstein Investment Advisers Acquires 330376 SF Office Tower In Nashville For $217.75M

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.