Overview
Newmark is pleased to present the opportunity to acquire Nashville City Center, one of Nashville’s most iconic office buildings located in the middle of the thriving CBD.
This landmark asset provides the opportunity for a once in a generation basis re-set, rebrand and potentially a conversion with almost the entire upper elevator bank becoming available for re-leasing or alternative use in January 2027. This icon is surrounded by some of the most dynamic mixed-use projects in the country including most notably Fifth & Broadway and Nashville Yards. NCC is also extremely proximate to Legislative Plaza, the recently announced Music City Loop’s station at the Capitol, the Arcade and Bridgestone Arena.
Investment Highlights
ICONIC NASHVILLE OFFICE OPPORTUNITY: Generational opportunity to acquire this Nashville landmark to either re-lease or convert the upper elevator bank = incredible optionality
OPPORTUNITY TO EXPAND AMENITIES AND ACTIVITIES FOR TENANTS: Conference Center, Tenant Lounge & Engagement of the Outdoor Space are all possible
ULI TOP-5 INVESTMENT MARKET SIX YEARS RUNNING: With job growth nearly three times the national average and an average metro GDP growth of 11.8% per year for the last 3 years, Nashville continues to be one of the country’s most desirable markets
DIMINISHING SUPPLY: With nearly 2 MSF of office space slated for removal or adaptive re-use/conversions, Nashville City Center's competitive set is poised to shrink by nearly 50%
WITHIN BLOCKS OF TRANSFORMATIVE DEVELOPMENTS: Walkable to Nashville Yards, Fifth & Broadway, the Music City Loop, Arcade, and More
ABOVE MARKET PARKING RATIO = EXTREMELY VALUABLE: With a ratio of almost 2 per 1,000 SF, and a location walkable to Lower Broad and TPAC, the garage could generate more than $3M annually in NOI
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