Nashville City Center

Last updated
Nashville City Center
Nashville City Center in Downtown Nashville.jpg
Nashville City Center
General information
TypeOffice
Location511 Union Street
Nashville, Tennessee
United States
Coordinates 36°09′50″N86°46′54″W / 36.1639°N 86.7817°W / 36.1639; -86.7817
Completed1988
OwnerCapRidge Partners
Management511 Group
Height
Roof402 ft (123 m)
Technical details
Floor count27
Floor area480,449 sq ft (44,635.2 m2)
Lifts/elevators11
Design and construction
Architect(s)The Stubbins Associates, now KlingStubbins
Structural engineerStanley D. Lindsey and Associates, Ltd.

Nashville City Center is a 27-story Class A office tower in Nashville with 480,000 square feet of commercial office space and 800 structured parking spaces. Designed by The Stubbins Associates, Inc., the building was completed in 1988. The logo for First Horizon Bank is at its peak. [1]

Contents

The tower was purchased by Miami-based Parmenter Realty Partners for $84 million in 2008. [2]

In March 2019, Texas-based real-estate investment firm CapRidge Partners purchased the tower for $105.3 million. [3]

In November 2013, the tower was sold to Alliance Partners HSP LLC, an affiliate of Honolulu-based The Shidler Group for $103 million. [4]

The 511 Group [5] manages the property.

Notable tenants

See also

Related Research Articles

<span class="mw-page-title-main">Blackstone Inc.</span> American alternative investment company

Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of May 2024, Blackstone has more than US$1 trillion in total assets under management, making it the largest alternative investment firm globally.

<span class="mw-page-title-main">PNC Financial Services</span> Major bank based in Pittsburgh

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.

First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.

<span class="mw-page-title-main">Ally Financial</span> American financial services company

Ally Financial Inc. is a bank holding company organized in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.

<span class="mw-page-title-main">AllianceBernstein</span> American asset management firm

AllianceBernstein Holding L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors.

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company, however the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associated businesses, including the company's flagship resort property, then known as Opryland Hotel. As such, Ryman Hospitality cites 1925 as its origin year.

<span class="mw-page-title-main">EQ Office</span> Real estate investment trust

EQ Office is a real estate investment company that owns 80 office properties comprising 40 million square feet. The company is owned by funds managed by The Blackstone Group. The company was formerly known as Equity Office.

<span class="mw-page-title-main">One Nashville Place</span>

One Nashville Place is a skyscraper in Nashville, Tennessee located on Fourth Avenue and Commerce Street. Completed in 1985, this 359-ft. octagonal building with dark glass exterior has 25 floors and has been given the nickname R2-D2 by the people of Nashville after the character in the Star Wars movies. It is currently the fourteenth tallest building in Nashville.

<span class="mw-page-title-main">Fifth Third Center (Charlotte)</span> Office in North Tryon Street Charlotte, North Carolina

Fifth Third Center, formally known as the IJL Financial Center and 201 North Tryon, is a 447 feet (136 m) building in Charlotte, North Carolina. It was completed in 1997, and has 30 floors. It is located at the intersection of West Fifth Street and North Tryon Street. It was designed by Smallwood, Reynolds, Stewart, Stewart & Associates. The building contains 697,817 square feet (65,000 m2) of rentable floor space and it includes an attached 1,030 space parking deck. In 2001 the building won the BOMA International's TOBY award for excellence in office building management and operations.

Pinnacle Financial Partners, Inc. is an American bank headquartered in Nashville, Tennessee operating in Tennessee, as well as North Carolina, South Carolina, Virginia, Georgia, and Alabama.

<span class="mw-page-title-main">Digital Realty</span> American data center provider

Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation and interconnection services.

Omni Hotels & Resorts is an American privately held, international hotel company based in Dallas, Texas. The company was founded in 1958 as Dunfey Hotels, and operates 51 properties in the United States and Canada, totaling over 20,010 rooms and employing more than 23,000 people.

<span class="mw-page-title-main">Capital Bank Financial</span> Former American bank

Capital Bank Financial Corporation was a bank holding company headquartered in Charlotte, North Carolina with $10 billion in assets as of first quarter 2017 and 193 branches. Former Bank of America vice chairman Gene Taylor was chief executive, former Bank of America executive and Fifth Third Bank CFO, Chris Marshall was CFO and former Bank of America executive, R. Bruce Singletary was Chief Risk Officer. Former Morgan Stanley specialty finance research analyst, Kenneth Posner, managed corporate strategy and investor relations. North American Financial Holdings (NAFH) original purpose was to take over banks that had difficulties due to the financial crisis of 2007–2010. The company's main interest was banks in the Carolinas and Florida, but in 2011, NAFH moved into Tennessee and Virginia. Despite buying seven distressed, money losing banks, NAFH's Capital Bank was consistently profitable during the duration of its existence and consistently posted improved returns for each of its five years of operations. Capital Bank completed a successful IPO in September 2012, and used to trade on the NASDAQ under the ticker CBF until its acquisition by First Horizon National Corporation in December 2017.

<span class="mw-page-title-main">Prologis</span> American real estate company

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet in 19 countries across North America, Latin America, Europe, and Asia. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. It serves about 6,600 tenants. Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators, EV charging infrastructure, and other logistics tech equipment for purchase.

<span class="mw-page-title-main">Virgin Hotels</span> Hotel chain

Virgin Hotels is a brand of hotels created by Sir Richard Branson's Virgin Group, launched in 2010.

RXR Realty is a vertically integrated real estate and infrastructure owner, investor, operator, and developer headquartered in New York City. The firm’s portfolio of commercial, residential, multifamily, infrastructure, and logistics projects includes 91 commercial real estate properties and investments held across the country as of 2023. RXR is a privately held company that employs around 450 professionals with experience in operations, real estate development, construction, investment, and asset management.

<span class="mw-page-title-main">CIM Group</span>

CIM Group invests in commercial property on behalf of large institutions such as pensions. As of December 31, 2020, the company owned $29.2 billion worth of commercial property.

<span class="mw-page-title-main">277 Fifth Avenue</span> Residential skyscraper in Manhattan, New York

277 Fifth is a condominium tower in Manhattan, New York City designed by architect Rafael Viñoly. The building rises 55 stories and contains 130 residential condominiums. It is tied with two other buildings, One Grand Central Place and the Barclay Tower as the 94th tallest building in New York at 209 meters. It has been compared to another building of Viñoly's, 432 Park Avenue.

<span class="mw-page-title-main">Southwest Value Partners</span>

Southwest Value Partners (SWVP) is an American, privately held real estate investment company. It is headquartered in San Diego, with offices in Scottsdale, Tucson and Nashville.

<span class="mw-page-title-main">Namdar Realty Group</span> Real estate investment firm

Namdar Realty Group is an American shopping mall investment company based in Great Neck, New York. They primarily purchase dying or dead shopping malls with partner Mason Asset Management. Namdar and Mason are both family owned, and as of 2021, own over 400 properties including 100 plus malls.

References

  1. "First Tennessee signage headed to top of City Center - Nashville Post". Nashville Post.
  2. "Miami investors buy City Center - Nashville Post". Nashville Post.
  3. "Texas investor buys downtown tower branded with First Tennessee Bank". The Tennessean.
  4. "Parmenter Realty Partners Sells Nashville City Center".
  5. "Nashville City Center - 511 Group".
  6. "Personal Banking - First Tennessee Bank". www.firsttennessee.com.
  7. "Warner Music Group Opens New Financial Shared Services Center in Nashville - Warner Music Group Official Blog". Warner Music Group Official Website.
  8. "Largest Nashville City Center tenant". Waller Official Website.