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211 Commerce Street
SOLD

PNH Properties Acquires Nashville Office Building For $75M

211 Commerce Street

Office
233,107 SF
clock iconSold 226 days ago
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Summary

Sale
TENNESSEE
Office
233,107 sqft

PNH Properties has acquired 211 Commerce, the former Baker Donelson Center in downtown Nashville, Tennessee. The property, located at 211 Commerce Street, was sold for a total of $75 million. The transaction resulted in a price per square foot of $321.45, with a total area of 233,107 square feet. This acquisition represents a significant investment for PNH Properties in the office market of Nashville, TN.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $75,000,000
  • Square Footage: 233,107
  • Price Per Square Foot: $321.45
  • Address: 211 Commerce Street, Nashville, TN
  • Market: Nashville, TN

Velocis Lincoln Commerce SPE LLC acted as the seller in this transaction. PNH Properties, represented by their broker, successfully completed the acquisition of 211 Commerce. This deal highlights the continued growth and investment opportunities in the Nashville office market.

Details

Deal Summary
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SOLD
IMAGE: 12/01/2023 ADDRESS: 211 Commerce Street MARKET: Nashville, TN ASSET TYPE: Office BUYER: PNH Properties SELLER: Velocis Lincoln Commerce SPE LLC SALE PRICE: $75,000,000 SF: 233,107 ~ PPSF: $322 NOTE: PNH Properties has acquired 211 Commerce, the former Baker Donelson Center in downtown Nashville, Tennessee, for $75 million, at a rate of $321.45 per square foot.

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Address211 Commerce Street

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