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10 Lea AveNashville, TN 37210
Peabody Plaza
Asset ClassOffice

Overview

Cushman & Wakefield is pleased to present the opportunity to acquire Peabody Plaza (the “Property”) a brand-new class A boutique office building located in Nashville’s burgeoning South Bank development. The state-of-the-art building stands as a testament to modern architectural excellence, high-quality construction, and careful curated for the demands of tenants today. The property features sweeping views of the Cumberland River, East Bank, and the Nashville skyline, providing a visually inspiring environment for tenants and visitors. In addition, the Property’s urban location, proximity to a skilled Millennial workforce, and abundance of on-site and nearby amenities caters to the desires of today’s office tenants who are utilizing their office space to recruit and retain top talent. Peabody Plaza boasts an impressive tenant roster anchored by Concord Music and Fourth Capital and a weighted average lease term (WALT) of 8.2 years, highlighting long-term commitment from some of the

most high-profile tenants in the market. With this in-place stability, The Property also presents investors the opportunity to lease up well located shell space or even consider a spec suite program.

 

Located in the historic Rolling Mill Hill neighborhood, Peabody Plaza has been the catalyst of Nashville’s new South Bank development, which offers a vibrant live-work-play environment with a mix of residential, commercial, and recreational spaces. The neighboring Peabody Union development, scheduled for completion in Q4 2024, will add retail, dining, and entertainment options, all enhancing the dynamic environment and creating a vibrant location for Peabody Plaza. Strategically positioned along the Cumberland River and Greenway with multiple ingress/egress options, the Property is also adjacent to the East Bank, the redevelopment of Nissan Stadium and the surrounding area into a mixed-use environment. Once complete, the combination of the South Bank and East Bank will create one of the most dynamic and desirable submarkets in all of Nashville. As such, Peabody Plaza is well positioned to capitalize on the continued growth of South Bank in what will undoubtedly be the most desirable location for office tenants, residents, and visitors alike.

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10 Lea AveNashville, TN 37210

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Listing provided by Revere CRE