{"id":1004267027,"date":"2018-09-25T05:54:56","date_gmt":"2018-09-25T13:54:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004267027"},"modified":"2022-12-08T22:09:03","modified_gmt":"2022-12-09T06:09:03","slug":"unico-properties-enters-nashville-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/unico-properties-enters-nashville-market\/","title":{"rendered":"Unico Properties Enters Nashville Market"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004267030\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Nashville-Place.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004267030\" data-attachment-id=\"1004267030\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/unico-properties-enters-nashville-market\/one-nashville-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Nashville-Place.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;16&quot;,&quot;credit&quot;:&quot;Alex Arnett&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark IV&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1524080490&quot;,&quot;copyright&quot;:&quot;Alex Arnett&quot;,&quot;focal_length&quot;:&quot;17&quot;,&quot;iso&quot;:&quot;400&quot;,&quot;shutter_speed&quot;:&quot;3.2&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"One Nashville Place\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;One Nashville Place&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Nashville-Place.jpg?w=800\" class=\"wp-image-1004267030 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Nashville-Place.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Nashville-Place.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Nashville-Place.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Nashville-Place.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004267030\" class=\"wp-caption-text\">One Nashville Place<\/p><\/div>\n<p>Unico Properties has acquired One Nashville Place, a Class A office tower in Nashville, Tenn. This purchase marks the firms first investment in the city. Cushman &amp; Wakefield brokered the deal and will also be managing the property alongside Unico&#8217;s team.&nbsp;<\/p>\n<p>Located in the central business district, at 150 Fourth Ave. N., the property was built in 1985 and comprises 418,824 square feet across 24 stories, as well as a six-story parking garage. According to Yardi Matrix, the last known owner was TA Realty, which purchased the tower in 2014 for $98.8 million, from Newmark Knight Frank. Previous renovations included common area upgrades, parking renovation and expansion, lobby updates, system upgrades and tenant improvements. At the time of sale the building was 89 percent leased to tenants including&nbsp;Regions Bank, WeWork, the Nashville Bar Association, AARP and TransCore.&nbsp;<\/p>\n<h2>Nashville&#8217;s growth&nbsp;<\/h2>\n<p><em>\u201cMetrics like <a href=\"https:\/\/www.commercialsearch.com\/news\/construction-surge-stalls-rent-growth-in-nashville\/\">Nashville\u2019s strong population and employment growth<\/a>, its relatively low corporate tax rate, and the percentage of local college graduates who have stayed in the metro area are all indications of an urban environment that attracts workforce and companies alike. With these growth factors and the city\u2019s one-of-a-kind cultural appeal, Nashville is in the early stages of becoming a target market for institutional real estate investment,\u201d&nbsp;<\/em>said Ned Carner, chief investment officer at Unico Properties, in a prepared statement.&nbsp;<\/p>\n<p>Cushman &amp; Wakefield&#8217;s Vice Chairmen Stewart Calhoun and David Meline, Executive Directors Samir Idris and Crews Johnston, along with Senior Associate Andy Johns were the listing brokers. Executive Managing Director Michael Ryan and Executive Director Brian Linnihan represented Unico in the transaction. Director Stewart Lyman, Senior Director Robby Davis and Executive Vice Chairman Rob Lowe are handling leasing for One Nashville Place.&nbsp;<\/p>\n<p><em>Image courtesy of&nbsp;Unico Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm purchased One Nashville Place, a 24-story tower in the city&#8217;s central business district. Cushman &amp; Wakefield brokered the transaction and will also be managing the property alongside Unico&#8217;s team. <\/p>\n","protected":false},"author":746,"featured_media":1004267030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,13,36077,21742,21747],"tags":[32799,42152,42155,36175,34096,33415],"class_list":["post-1004267027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-midwest","category-nashville-knoxville","category-latest","category-office","tag-cushman-wakefield","tag-david-meline","tag-michael-ryan","tag-samir-idris","tag-stewart-calhoun","tag-unico-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Unico Properties Enters Nashville Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/unico-properties-enters-nashville-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unico Properties Enters Nashville Market\" \/>\n<meta property=\"og:description\" content=\"The firm purchased One Nashville Place, a 24-story tower in the city&#039;s central business district. Cushman &amp; Wakefield brokered the transaction and will also be managing the property alongside Unico&#039;s team.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/unico-properties-enters-nashville-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-25T13:54:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:09:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/One-Nashville-Place.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/unico-properties-enters-nashville-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/unico-properties-enters-nashville-market\\\/\"},\"author\":{\"name\":\"IvyLee Rosario\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"headline\":\"Unico Properties Enters Nashville Market\",\"datePublished\":\"2018-09-25T13:54:56+00:00\",\"dateModified\":\"2022-12-09T06:09:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/unico-properties-enters-nashville-market\\\/\"},\"wordCount\":311,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/unico-properties-enters-nashville-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/09\\\/One-Nashville-Place.jpg\",\"keywords\":[\"Cushman &amp; 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