Cousins Properties Nails Down 116 KSF Office Lease With Oracle

March 31, 2026

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The location is directly across the Cumberland River from the tech company’s new global headquarters in Nashville.

Building at 1320 Adams St. in Nashville — Cousins Properties has executed a long-term lease with Oracle Corp. for 116,000 square feet at 1320 Adams St. *Image courtesy of Yardi Matrix*

Cousins Properties has executed a long-term lease with Oracle Corp. for 116,000 square feet at 1320 Adams St., in Cousins’ Neuhoff mixed-use development in Nashville, Tenn.

Oracle is expected to occupy the space in the second half of 2026. Those offices overlook the site where construction of the software giant’s new headquarters campus along the opposite (east) bank of the Cumberland River is ongoing. Eventually, the Oracle campus will be connected to Neuhoff by a pedestrian bridge.

In its own announcement on the deal, Oracle noted that the lease will bring the company’s office capacity in Nashville to about 2,000 seats across three locations. Oracle announced the new world headquarters (relocating from Austin, Texas) in April 2024.

Cousins owns Neuhoff in a 50-50 joint venture with a large institutional investor. Atlanta-based New City Properties is the development partner on behalf of Cousins and its joint venture partner. Neuhoff consists of about 395,000 square feet of office space, 55,000 square feet of retail space and 542 apartments. Cousins reported that the office portion is currently 84 percent leased, the retail is 46 percent leased, and the apartments are 92 percent leased.

There has been a recent uptick in office leasing activity in Nashville, much of it driven by technology and new-to-market customers, Colin Connolly, president & CEO of Cousins Properties, said in a prepared statement. Well-capitalized companies like Oracle prioritize new, highly amenitized space, he added.

Cousins did not respond to Commercial Property Executive’s request for additional information.

Soft landing

Nashville’s office market ended 2025 on a slow pace, yet with positive absorption for the year overall, according to a fourth-quarter report from CBRE. Overall vacancy declined by year-end to 18.4 percent, and no new office construction was delivered in the fourth quarter. CBRE reported 1.1 million square feet of active tenant demand across the tech, legal and financial services sectors.

In early February, Cousins acquired 300 South Tryon, a 638,000-square-foot Class A lifestyle office building in Charlotte, N.C., for $317.5 million. The seller was Barings, which remained the tower’s anchor tenant.