Key Takeaways
- • Shorenstein Investment Advisors acquired 1222 Demonbreun, a 20-story Class A office tower in Nashville's Gulch submarket, for $96 million, marking the firm's ninth office investment and a return to Nashville's real estate market.
- • The 330,474-square-foot property achieved 97% occupancy since its 2020 delivery, with tenants including Fielder Capital Group, Simmons Bank, and Revance, demonstrating strong market demand for Class A Nashville office space.
- • The tower features institutional-grade amenities including a fitness center, 48-seat training room, indoor-outdoor sky lounge, micro-market, and multi-level covered parking, positioning it as a trophy asset in a high-performing submarket.
- • The acquisition represents the first phase of Gulch Union, a mixed-use development spanning an entire city block that will ultimately include multifamily residences, a hotel component, and a 31-story residential tower with over 300 condos.
- • Nashville's office market demonstrated robust fundamentals in the period covered, with Q2 2026 leasing activity reaching 1 million square feet and year-to-date volume totaling 1.9 million square feet—the highest three-year total for the metro.
Summary
Shorenstein Investment Advisors, the San Francisco-based real estate investment firm, has completed the acquisition of 1222 Demonbreun, a 20-story Class A office tower located in Nashville's Gulch submarket, for $96 million. The transaction, facilitated by JLL in both buyer procurement and seller representation, expands Shorenstein's institutional office portfolio and marks the firm's ninth office investment. The acquisition also represents Shorenstein's re-entry into the Nashville real estate market after prior activity in the region.
The 330,474-square-foot property, delivered in 2020, was constructed to address Nashville's significant demand for Class A office space and has performed strongly since completion. The tower currently maintains 97% occupancy across its five-year operational history, with notable tenants including Fielder Capital Group, Simmons Bank, and Revance. The building's institutional-caliber amenity package includes a fitness center, 48-seat training room, indoor-outdoor sky lounge, micro-market, multi-level covered parking, and ground-floor retail space. These features were specifically designed to deliver market-leading tenant experience in a competitive high-rise office market.
The property serves as the first phase of Gulch Union, a significant mixed-use development occupying an entire city block within Nashville's Gulch neighborhood. Upon full build-out, the development will encompass multifamily residential units, a hotel component with expanded dining facilities, and a second phase featuring a 31-story residential tower containing over 300 condominiums. This phased development structure positions the office tower within a broader urban revitalization initiative in one of Nashville's premier submarkets.
Shorenstein's acquisition timing aligns with demonstrated strength in Nashville's office market fundamentals. According to Cushman & Wakefield data, the second quarter of 2026 recorded 1 million square feet in new lease signings—the highest quarterly volume since Q2 2021. Year-to-date leasing activity through the third quarter reached 1.9 million square feet, representing the strongest three-year total for the Nashville metropolitan area. The former owner, Endeavor Real Estate Group, held the property prior to the transaction.
The 330,474-square-foot property, delivered in 2020, was constructed to address Nashville's significant demand for Class A office space and has performed strongly since completion. The tower currently maintains 97% occupancy across its five-year operational history, with notable tenants including Fielder Capital Group, Simmons Bank, and Revance. The building's institutional-caliber amenity package includes a fitness center, 48-seat training room, indoor-outdoor sky lounge, micro-market, multi-level covered parking, and ground-floor retail space. These features were specifically designed to deliver market-leading tenant experience in a competitive high-rise office market.
The property serves as the first phase of Gulch Union, a significant mixed-use development occupying an entire city block within Nashville's Gulch neighborhood. Upon full build-out, the development will encompass multifamily residential units, a hotel component with expanded dining facilities, and a second phase featuring a 31-story residential tower containing over 300 condominiums. This phased development structure positions the office tower within a broader urban revitalization initiative in one of Nashville's premier submarkets.
Shorenstein's acquisition timing aligns with demonstrated strength in Nashville's office market fundamentals. According to Cushman & Wakefield data, the second quarter of 2026 recorded 1 million square feet in new lease signings—the highest quarterly volume since Q2 2021. Year-to-date leasing activity through the third quarter reached 1.9 million square feet, representing the strongest three-year total for the Nashville metropolitan area. The former owner, Endeavor Real Estate Group, held the property prior to the transaction.
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