Shorenstein Acquires Nashville Trophy Tower

October 21, 2025

Office Investment Nashville - Knoxville News More Southeast

This office building is the first phase of a mixed-use development.

Shorenstein Investment Advisers has added 1222 Demonbreun in Nashville, Tenn., to its growing roster of trophy assets in high-performing markets. The 20-story Class A office tower is situated in the city’s Gulch submarket.

Endeavor Real Estate Group was the property’s former owner, according to Yardi Matrix data. The 330,474-square-foot tower represents the first phase of the Gulch Union mixed-use development, which will take up a whole block in the center of the neighborhood.

Delivered in 2020, 1222 Demonbreun aimed to address the city’s high demand for Class A space, which is in line with broader office building trends. The mixed-use tower provides tenants with a fitness center, a 48-seat training room, an indoor-outdoor sky lounge, a micro-market and multi-level covered parking. In its five years since completion, the tower has reached 97 percent occupancy. Fielder Capital Group, Simmons Bank and Revance are among the building’s tenants, Yardi Matrix data shows. The property also includes first-floor retail space.

According to a Nashville office market report from Cushman & Wakefield, this year’s second quarter saw a high demand for space, with 1 million square feet of new leases signed, the highest-performing quarter for deal volume since 2021’s second quarter. Through the third quarter, the city’s leasing activity totaled 1.9 million square feet, the highest year-to-date volume the metro has seen in three years.

Upon completion, the Gulch Union development will include multifamily residences, a hotel component as well as an expansion of the dining spaces. Phase two features a 31-story residential tower with more than 300 condos. Turner Construction led the project, which topped out in 2023. Phase three will include the hotel component as well as additional residential units.

Located along Demonbreun Street and 12th Avenue South, the Gulch Union development sits in the heart of downtown Nashville, right off Broadway. The Musicians Hall of Fame is just over a mile away, providing access to I-40. The grand Ole Opry is within 11 miles and the Nashville International Airport is within 8 miles from the office tower.

Shorenstein’s office portfolio

This acquisition represents the company’s ninth office investment in the last 14 months. The firm remains committed to investing in highly sought-out markets, with steady tenant demand and strong fundamentals.

At the start of the year, the company entered a partnership with Tritower Financial Group and purchased an office and R&D complex in Bedford, Mass., 20 miles outside of Boston. The joint venture acquired the 480,000-square-foot campus for $96 million.

Last month, the firm also closed a $144.5 million purchase in the Bay Area. The acquisition included 1100 Park Place and 1200 Park Place. The property provides access to public transit and outdoor lounges, with a Whole Foods–anchored retail center and 1,000 homes nearby.