Top 5 Office Transactions in Nashville

Office investment activity in Nashville, Tenn., remained subdued through the first eight months of 2026, Yardi Matrix data shows. Nationally, office transaction volume reached $42.7 billion year-to-date through August, slightly above the level recorded during the same period last year. Meanwhile, average sale prices per square foot continued to decline, pointing to softer pricing despite higher investment volume.

Nashville office sales totaled $555.2 million through August, placing the metro near the bottom of the top 25 U.S. office markets. Pricing, however, told a different story. Properties traded at an average of $405 per square foot, well above the $205 national figure. Nashville ranked fifth nationwide by average sale price, maintaining its position among the most expensive office markets since the second quarter.

The following are Nashville’s five largest office sales year-to-date through August. Together, these transactions totaled $484 million, accounting for 87 percent of the metro’s overall investment volume.

1. Bridgestone Tower

The largest deal of the year through August was Drawbridge Realty’s $255 million purchase of Bridgestone Tower, a 522,000-square-foot high-rise in the city’s downtown. The transaction closed in May and represented Drawbridge’s entrance into the Nashville office market.

Highwoods Properties sold the Class A property at $488.50 per square foot, one of the highest prices recorded for a conventional office asset in Nashville’s history.

The buyer, through its partnership with KKR-backed Global Atlantic Financial group, secured a $468.8 million acquisition loan on for the deal, Yardi Matrix information shows.

Bridgestone Tower is located at 200 Fourth Ave. S., near Bridgestone Arena and Music City Center. Rising 30 stories and standing 460 feet tall, the building ranks as Nashville’s seventh-tallest skyscraper. It features 8,000 square feet of ground-floor retail space, 1,150 parking spots spread across a 16-level garage and a LEED Gold certification.

Highwoods completed the tower in 2017 as a build-to-suit project for Bridgestone Americas, the largest subsidiary of Bridgestone Corp. Since then, the building has served as the headquarters for several divisions of the company’s U.S. operations.

2. Moore Building

In July, Shorenstein Investment Advisers acquired the Moore Building, a landmark office property in Nashville’s Music Row submarket, for $146.5 million. Portman Holdings sold the 239,500-square-foot mid-rise in a deal arranged by CBRE. The acquisition marked Shorenstein’s fourth investment in Nashville.

The Class A+ building is at 827 19th Ave. S., close to Vanderbilt University and downtown Nashville. Portman Holdings, through a partnership with Creed Investment Co., completed the property in 2023.

The building stands on the former site of Music City Recorders, a recording studio owned by Scotty Moore, Elvis Presley’s longtime guitarist. Named in his honor, the property features 1970s-inspired design elements that pay tribute to Nashville’s musical heritage.

The Moore Building rises 16 stories and includes 27,500-square-foot floorplates, 8,500 square feet of ground-floor retail space and 693 parking spots across five levels. TikTok is the anchor-tenant at the property, occupying 143,000 square feet for its regional headquarters. 

3. Tennessee Oncology Proton Center

Remedy Medical Properties, in partnership with Kayne Anderson Real Estate, acquired Tennessee Oncology Proton Center, a 48,776-square-foot medical office asset in Franklin, Tenn., for $40 million. The property traded for more than $820 per square foot in May, placing it among the higher-priced MOB transactions in the market.

Montecito Medical Real Estate sold the property at 4588 Carothers Parkway for $40 million, a 300 percent increase from its previous sale price of $10 million in 2023, when Provision Healthcare was the seller.

The facility opened in 2018 as Provision CARES Proton Therapy Center, developed through a partnership between Provision Healthcare and Scott Hamilton’s CARES Foundation. In 2023, Tennessee Oncology took over operations and rebranded the property, while the two original health-care providers retained offices on-site. The building is fully occupied.

4. Grassmere Commons

DC BLOX has paid $23 million for Grassmere Commons, a two-building, 224,199-square-foot office property in South Nashville. MarketStreet Enterprises sold it in July, following 11 years of ownership.

The 1985-built property is at 648 Grassmere Park Drive, next to the Nashville Zoo. It is part of the broader Grassmere Business Park, an industrial and office campus with 11 facilities across 100 acres.

The 24-acre site is zoned for industrial warehouse use, with data centers also permitted. DC BLOX has proposed a 69,200-square-foot facility comprising a single building with 10 megawatts of power capacity. The company expects to begin construction immediately after securing city approvals, according to its website. DC BLOX has operated in Tennessee since 2017, when it opened its first data center campus in the state.

5. 5221 Port Royal Road

SG Property Services acquired Williamson Health Center, a 33,600-square-foot medical office building at 5221 Port Royal Road in Spring Hill, Tenn., for $19.5 million. CMK Properties sold the asset in March for approximately $581 per square foot.

Regions Bank provided a $27.4 million loan with a maturity date set for 2031, Yardi Matrix information shows.

The previous owner completed the three-story building in 2023 and fully leased it. Williamson Health occupies the first two floors, providing multispecialty outpatient services through three business units focused on primary care, internal medicine and laboratory services. Bone and Joint Institute of Tennessee also operates at the property, offering orthopedic urgent care and physical therapy.