Done Deals: HFF arranges acquisition/bridge financing for Nashville, TN office tower

Tuesday, March 19, 2019

HFF arranges acquisition/bridge financing for Nashville, TN office tower

Nashville City Center, 511 Union Street,
Downtown Nashville, TN

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced that it has arranged financing for Nashville City Center, a 27-story, 477,261-square-foot, Class A office tower in Nashville, Tennessee.

HFF worked on behalf of the borrower, CapRidge Partners, LLC, to secure the four-year, floating-rate acquisition/bridge loan through CIT Group Inc.

Nashville City Center is located at 511 Union Street in the heart of Nashville’s central business district. The office tower is situated across the street from the Hermitage Hotel and is within walking distance to numerous dining and entertainment options, including the Country Music Hall of Fame, Tennessee State Museum and the Musicians Hall of Fame and Museum.

Country Music Hall of Fame, Nashville, TN

The recently renovated-property offers a top-of-the-line amenity package, including a new 24/7 fitness center with yoga, barre, pilates and interval training classes; a new tenant lounge and café; an outdoor plaza with a coffee shop and food stand;

and JamNasium, a music studio with instruments and recording equipment. Additionally, Nashville City Center offers its tenants monthly sip and learn lectures, pop-up errands, happy hours and more. Tenants at Nashville City Center include Warner Music Group, Waller Landsden Dortch & Davis, LLP and First Tennessee Bank.

The HFF debt placement team representing the borrower was led by senior managing director Andy Scott and managing director Jim Curtin.

Andy Scott

About CapRidge Partners

CapRidge Partners is a fully integrated investment management and operating company focused on value-add office properties in nine select U.S. markets, including Nashville.

Jim Curtin

Their strategy is to acquire well-located assets, below replacement cost, that offer opportunities to add value by providing proactive management, delivering enhanced customer service and wellness amenities, leasing to stabilized occupancies, marking-to-market expiring leases, and completing capital projects. Since 2012, CapRidge has purchased 32 office buildings.