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| UBS Tower, 315 Deaderick Street Nashville, TN |
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| Bruce Fischer |
“Nashville
boasts a thriving economy that is predicted to see a 3.9% growth in employment in 2022. This
activity creates numerous office-using jobs and significantly increases the
rental growth and demand in the market. Now was the opportune time for us to
make this investment.”
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| Marc DeLuca |
Nashville has been consistently ranked a
top city for businesses over the last several years, with companies migrating
to the area in favor of its diverse economy, low cost of living, and
well-educated talent pool.
According to CoStar, Nashville has over 80% more office-using jobs now than it had in 2010, a rate of growth that far outpaces the national average.
The city has also seen several tech businesses relocate to or expand in the area in search of prime office space, with global companies such as Amazon, Oracle, Asurion, and iHeartRadio planning to open new major offices in the city.
Built in 1972, UBS
Tower is ideal for office and retail businesses seeking an optimal location in
the Nashville area.
Allen Aldridge
Several renovations have been made to the
property, including a revamped lobby, new tenant lounge, coffee bar, conference
center, and fitness center, along with extensive infrastructure upgrades,
making the building an attractive location for companies looking to provide
their teams an amenity-rich and sustainable workplace.
“There is strong ongoing demand for premier office space located within walking distance to downtown amenities, and UBS Tower is well positioned to benefit from significant tenant in-migration,” says Allen Aldridge, senior vice president of acquisitions, dispositions, and co-director of asset management for KBS.
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| Tatyana Litovsky |
Christine Z. Fan
“We plan to make UBS Tower even better by adding
in-demand features such as a coffee bar located in the lobby, bike room and
shower, dog recreation area, and modernized facade,” continues Aldridge.
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| Amanda Kennedy |
“We also plan to add electric car charging stations and verify the building with UL Healthy Buildings since we are constantly looking for ways to incorporate eco-friendly property amenities that elevate the tenant experience while reducing our carbon footprint.”
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| David Meline |
“We were extremely pleased to represent KBS in the acquisition of this desirable asset,” says Fischer, Greenberg Traurig’s Chair of the West Coast Real Estate Practice and Co-Managing Shareholder of the Orange County office, who led the Greenberg Traurig team and represented KBS.
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| Howard Chu |
The commercial real estate services firm has also been retained by KBS to oversee overall management, leasing, and project management for the building.
CONTACT:
Arleeny Escarcega
aescarcega@thesmartagency.com
