In Downtown Nashville, there are 23 class A office buildings. from 8 AM - 9 PM ET. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. Reach out to the broker for more info on lease terms and amenities, DoubleTree by Hilton Hotel Nashville Downtown, Noelle, Nashville, a Tribute Portfolio Hotel, TownePlace Suites by Marriott Nashville Downtown/Capitol District, Holston House Nashville - In the Unbound Collection by Hyatt, Tennessee State University - Avon Williams Campus, Tennessee State University - Avon Williams Campus, Brentwood United Methodist Church Day School, Tennessee Baptist Missionary and Educational Convention, McKendree United Methodist Church Day Care Center, Fifteenth Avenue Baptist Church Day Care Center, First Baptist Church of East Nashville Day Care Center, Westminster Toddlers and Twos Day Care Center, Jackson Park Church of Christ Day Care Center. In 1974, the same year UBS Tower was built, 226 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Nashville, featuring 4,121,246 square feet of commercial space. NASHVILLE, Tenn.--(BUSINESS WIRE)--KBS, one of the largest investors in commercial real estate in the U.S., announces the acquisition of UBS Tower, a 29-story, 605,000 square-foot Class A office building located at 315 Deaderick Street in Nashville, Tennessee, on behalf of a large pension fund. These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage. "We are very pleased to continue our partnership with UBS," said Claude Esposito, Vice President, Investments Group at Shorenstein. "[16], In 1978, a group of cavers from the Nashville Grotto visited the site but were underwhelmed by the lack of intact cavern or open passages. Looking for more in-depth information on this property? UBS Tower is located at 315 Deaderick Street in the Downtown Nashville neighborhood, TN, Nashville, 37201. UBS's strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. There are 131 office spaces for lease in the Downtown Nashville neighborhood, totaling 2,183,522 SF of available office space.

Reach out to the broker for more info on lease terms and amenities, DoubleTree by Hilton Hotel Nashville Downtown, Noelle, Nashville, a Tribute Portfolio Hotel, TownePlace Suites by Marriott Nashville Downtown/Capitol District, Holston House Nashville - In the Unbound Collection by Hyatt. The logo for AmSouth (as well as its predecessor, First American) was once prominently featured in the video but was digitally deleted when the bank dropped sponsorship of the team following the 2002-2003 NHL season. [17][18] The next documented entry into the cave did not occur until 2008, when archaeologists from the Tennessee Division of Archaeology revisited the site. The property offers unobstructed views of Downtown, move-in ready full floor spec suites, and superior access to executive housing to the West and South via Charlotte Avenue., 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. Shorenstein acquired the property in March 2019 out of its Fund Twelve and is in the midst of a robust renovation plan that will modernize the ground floor experience and add new attractive amenities to the building, including a new fitness center, conference center and tenant lounge. Nashville, United States, With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes. For more information on KBS, please visit www.kbs.com. The incredible amenity base surrounding UBS Tower consists of over 100 restaurants and a variety of fitness studios, clothing boutiques, salons, museums, art galleries, hotels, food markets, historic entertainment venues and more. The name then changed again to Regions Center when AmSouth merged with Regions. Nashville, United States, Senior Director The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. 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. These remains were collected from an upper zone approximately 16-feet above the saber-tooth bones. Download property flyers, brochures and documents by selecting link below. The average asking office rent per SF in Downtown Nashville is $30.03/SF/YR. All Rights Reserved. Built in 1972 and significantly enhanced in recent years, UBS Tower has been restored into one of Nashvilles best-in-class buildings. Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime commercial real estate in some of the most successful epicenters in the country. Attorneys Bruce Fischer, Tatyana Litovsky, Christine Fan and Howard Chu, and paralegal Amanda Kennedy, of global law firm Greenberg Traurig, LLPs Orange County office represented the firm as legal counsel in the acquisition. As a result of interest that the site generated, First American Bank agreed to engineer around the small percentage of cave deposits that had not been destroyed. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. UBS Tower is a 108-meter (354-foot), 28-story skyscraper at 315 Deaderick Street in Nashville, Tennessee. About Shorenstein Properties LLCFounded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. The Smart Agency It is the former Tennessee headquarters of Regions Financial Corporation. The property was awarded a Walkers Paradise with a 94 walkscore. The final reference to additional excavation occurs in 1976, when Bob Ferguson wrote that he was "certain much remains to be discovered when work resumes in the cavern, so thoughtfully preserved by the First American National Bank. For Class A office buildings the average office rate is $32.5/SF/YR, for Class B office buildings the average office rate is $26.89/SF/YR, for Class C office buildings the average office rate is $29.75/SF/YR. Leading Global Wealth Manager Extends Lease Through 2034. View our Privacy Statement for additional information. (949) 438-6262 This site is protected by reCAPTCHA and the Google. It was once the main office and headquarters of First American National Bank. These statements are subject to known and unknown risks, uncertainties and other factors which may cause UBS Towers actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. At the crossroads of three interstate highways (I-65, I-40, and I-24), UBS Tower spans an entire block in the heart of downtown across from Public Square Park. KBS@thesmartagency.com, Ginny Walker Tenants love UBS Tower for its unobstructed views of downtown or the Cumberland River from every office suite, efficient, column-free, rectangular shaped floor plans and its prime location with a strong transportation network. Find property characteristics, ownership, tenant details, local market insights and more. Cookies. Copyright Cushman & Wakefield 2022. Suite 700 Newport Beach, CA 92660, 3003 Washington Boulevard, Suite 950Arlington, VA 22201, 800 Newport Center Dr., Suite 700 Newport Beach, CA 92660, 590 Madison Avenue, 26th Floor New York, NY 10022, 3003 Washington Boulevard, Suite 950, Arlington, VA 22201. UBS Tower is one of the citys most recognizable office properties in the heart of downtown Nashville. AmSouth acquired the slightly larger First American National Corporation in 2000 after the latter involved itself in several unprofitable mergers. Currently the Swiss Banking behemoth UBS has leased 90,000 square feet of the building in an effort to move back office jobs from southeast Nashville to downtown Nashville. ShorensteinJon Keehner / Jed Repko / Julie Hamilton / Jack KelleherJoele Frank, Wilkinson Brimmer Katcher212.355.4449 / 415.869.3950, Cision Distribution 888-776-0942 To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The firm is committed in its business ethics, its business relationships, and its constant focus on exceeding the expectations of its investors, partners, and tenants. 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. [2] It is also home to many non-related businesses who lease space in the upper floors. There are 5 Office spaces available for lease at 315 Deaderick Street, Nashville, TN, 37201, totaling 49,213 SF. On May 25, 2006, AmSouth announced it is merging with Regions Financial. [6] John Guilday of the Carnegie Museum of Natural History conducted an examination of all faunal material recovered from the site, and published the results in the July 1977 issue of the Journal of the Tennessee Academy of Sciences. In Downtown Nashville, there are a total of 4 LEED certified office buildings. UBS Tower is located at 315 Deaderick Street in Nashville, Tennessee. KBS Public Relations Director In 2016, the display was moved to Bridgestone Arena. UBS Tower is a dominant fixture on Nashvilles skyline and one of the citys most recognizable and centrally located landmarks. KBS is an SEC-registered full-service investment adviser adept in various property and product types. The lobby construction is expected to be completed in the third quarter of 2021. Regions announced its move to One Nashville Place in late September 2012.[3]. The office space availability for the 37201 zip code is 699,082 SF, in 43 office spaces.

For the building of the same name in, List of archaeological sites in Tennessee, "Regions Bank to move Nashville HQ to One Nashville Place", http://www.tennessean.com/article/20130812/BUSINESS/308120070/Financial-giant-UBS-headed-Regions-Center, "EXCLUSIVE: Saber-tooth bones that named the Preds get new home at Bridgestone Arena", "Smithsonian National Museum of Natural History: Search the Department of Paleobiology Collections", https://en.wikipedia.org/w/index.php?title=UBS_Tower_(Nashville)&oldid=1058371171, Skyscraper office buildings in Nashville, Tennessee, Financial services company headquarters in the United States, Infobox mapframe without OSM relation ID on Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 December 2021, at 03:54. [20] Smilodon remains on display include portions of the lower jaw and molars, vertebral column, ribs, humerus, metacarpals, and metatarsals. Executive Director As a private equity real estate company and an SEC-registered investment adviser, KBS and its affiliated companies have completed transactional activity of more than $44 billion on behalf of private and institutional investors globally. We are eager to complete this renovation for the benefit of UBS and all of our current and future tenants. At zip code level, there are 16 commercial properties, of which 13 are office buildings over 50,000 square feet. 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. [3] A relatively small parking garage is located beneath. We were extremely pleased to represent KBS in the acquisition of this desirable asset, says Fischer, Greenberg Traurigs 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. The Smilodon upper canine that led to the site discovery in 1971 is not on display, and is apparently no longer in the collection. 949-417-6535 This site is protected by reCAPTCHA and the Google. and 10,035+/-650 B.P. A number of noted archaeologists visited the site following its initial discovery, including Ronald Spores, Kent Flannery, Vance Haynes, and Edwin Williamson. In the early years of the team's existence, a video was shown on the jumbotron of a computer-generated saber-toothed cat emerging from the ground beneath downtown Nashville before the team exited the locker room prior to each home game. By submitting this form I agree to receive communications from Cushman & Wakefield. gwalker@kbs.com, Internet Explorer presents a security risk. Lexi Astfalk or Jenn Quader The human remains are believed to be from the Woodland Period and originated thousands of years after the Smilodon find. The property has unobstructed views of downtown or the Cumberland River from every office suite. These funds have invested in properties totaling 67 million square feet in transactions with a gross investment value in excess of $16 billion. Cushman & Wakefields David Meline, Samir Idris, Crews Johnston, Mike McDonald, and Stewart Calhoun arranged the sale of UBS Tower and represented the seller, Shorenstein Properties, LLC. Learn How KBS is Creating Safe Work Environments. 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. Shorenstein is also updating the exterior of the building at the Deaderick Street entrance with a new canopy, columns and landscaping, and at Fourth and Union plaza there will be new seating and upgraded landscaping. UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet. I understand that I can opt out at any time. [4] The name of the building was renamed from Regions Center to UBS Tower. Since 1992, Shorenstein has sponsored twelve closed-end investment funds with total equity commitments of $8.8 billion, of which Shorenstein committed $723.5 million. The site received national attention in 1971 when remains of a saber-toothed cat were discovered during excavation of the property. [5], The building served as the Tennessee headquarters and a branch office for Birmingham, Alabama-based Regions Bank. When typing in this field, a list of search results will appear and be automatically updated as you type. UBS Tower totals 602,312 square feet, of which 49,213 square feet is rentable. With a population quickly approaching two million, Nashville is a vital business, tourism, and transportation center, says Marc DeLuca, CEO and Eastern regional president at KBS. Rental asking rate at UBS Tower is $30/SF/YR. [13] As such, the dates for the Smilodon remains from the First American site should be regarded with some skepticism. You can change your preferences at any time by returning to this site or clicking on [19], Regions Bank and UBS maintained a display in their first floor lobby that included bones from the Smilodon and other faunal material from the site. nashville place



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