Hines Signs Silicon Ranch in Nashville
The fast-growing solar company will move into a new 25-story office tower that Hines and partner CB Ragland plan to deliver in late 2017.
Hines arranged a new lease with Silicon Ranch Corp. at 222, a Class A, 25-story office tower currently under construction in downtown Nashville, Tenn. The tenant plans to move into the new space in the first quarter of 2018 and will occupy approximately 19,000 square feet on the building’s 19th floor.
Located at 222 Second Ave. South in the city’s SoBro submarket, the 362,000-square-foot asset is slated for delivery in late 2017. Designed by Gresham Smith & Partners, 222 will also include 28,000 square feet of street-level retail space consisting of four restaurants and other retail services. The property will feature a wide array of amenities such as an outdoor terrace with seating, fire pits, outdoor televisions and bar service. Additionally, tenants will enjoy access to a fitness center with lockers and showers, a facility for outdoor yoga and Pilates classes, collaborative meeting space and a tenant conference room.
Solid tenant roster
The new lease brings the property to 62 percent occupancy. Other notable tenants include Bank of America, Gresham Smith & Partners, Burr & Forman LLP, CBRE, Paradigm Talent Agency and Lieff Cabraser Heimann & Bernstein. Silicon Ranch, a developer, owner and operator of solar energy plants in the U.S., is currently located at The Pinnacle Symphony Place, a 519,622-square-foot office tower at 150 3rd Ave. South.
“Both the solar industry and the city of Nashville are in the midst of rapid, dynamic expansion, and all of us at Silicon Ranch are excited about our new home at 222,” said Silicon Ranch President & CEO Matt Kisber, in prepared remarks.
Developed by Hines in a joint venture partnership with CB Ragland Co., the property sits on a 1.12-acre site across from the city’s Riverfront Park and Ascent Amphitheatre, providing access to surrounding retail, entertainment and dining options.
“We are thrilled to welcome Silicon Ranch to their new home at 222. Adding one of the nation’s fastest growing solar companies to our diverse tenant roster is truly an honor for the firm and (shows the) continued confidence the market has placed in 222,” added Hines Director Trent Acuff.
Renderings courtesy of Hines
