In Downtown Nashville, there are 23 class A office buildings. The lobby construction is expected to be completed in the third quarter of 2021. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. ShorensteinJon Keehner / Jed Repko / Julie Hamilton / Jack KelleherJoele Frank, Wilkinson Brimmer Katcher212.355.4449 / 415.869.3950, Cision Distribution 888-776-0942 Download property flyers, brochures and documents by selecting link below. [3] These deposits were vaulted over using steel and concrete, and preserved in an artificial cavern beneath the lowest parking garage level. Built in 1972 and significantly enhanced in recent years, UBS Tower has been restored into one of Nashvilles best-in-class buildings. In 1974, the same year UBS Tower was built, 226 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Nashville, featuring 4,121,246 square feet of commercial space. There are 5 Office spaces available for lease at 315 Deaderick Street, Nashville, TN, 37201, totaling 49,213 SF. Nashville boasts a thriving economy that is predicted to see a 3.9% growth in employment in 2022. This article is about the UBS Tower in Nashville, Tennessee. Since 1992, Shorenstein has sponsored twelve closed-end investment funds with total equity commitments of $8.8 billion, of which Shorenstein committed $723.5 million. A relatively small parking garage is located beneath. The logo for AmSouth (as well as its predecessor, First American) was once prominently featured in the video but was digitally deleted when the bank dropped sponsorship of the team following the 2002-2003 NHL season. The commercial real estate services firm has also been retained by KBS to oversee overall management, leasing, and project management for the building. The incredible amenity base surrounding UBS Tower consists of over 100 restaurants and a variety of fitness studios, clothing boutiques, salons, museums, art galleries, hotels, food markets, historic entertainment venues and more. Tenants love UBS Tower for its unobstructed views of downtown or the Cumberland River from every office suite, efficient, column-free, rectangular shaped floor plans and its prime location with a strong transportation network. For the building of the same name in, List of archaeological sites in Tennessee, "Regions Bank to move Nashville HQ to One Nashville Place", http://www.tennessean.com/article/20130812/BUSINESS/308120070/Financial-giant-UBS-headed-Regions-Center, "EXCLUSIVE: Saber-tooth bones that named the Preds get new home at Bridgestone Arena", "Smithsonian National Museum of Natural History: Search the Department of Paleobiology Collections", https://en.wikipedia.org/w/index.php?title=UBS_Tower_(Nashville)&oldid=1058371171, Skyscraper office buildings in Nashville, Tennessee, Financial services company headquarters in the United States, Infobox mapframe without OSM relation ID on Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 3 December 2021, at 03:54. Additionally, it is at the epicenter of Nashvilles entertainment and cultural centers. Shorenstein acquired the property in March 2019 out of its Fund Twelve and is in the midst of a robust renovation plan that will modernize the ground floor experience and add new attractive amenities to the building, including a new fitness center, conference center and tenant lounge. [2] It is also home to many non-related businesses who lease space in the upper floors. [7][8][9][10][11] Although Guilday may have conducted an inventory of the human remains from the site, none was ever published. These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage. Fueled by ideas, expertise and dedication across borders and beyond service lines, we create real estate solutions to prepare our clients for whats next. SAN FRANCISCO, April 6, 2021 /PRNewswire/ -- Shorenstein Properties, LLC ("Shorenstein"), an owner and operator of high-quality office, residential and mixed-use properties across the U.S., today announced that it has executed a renewal of its existing lease for UBS Tower in Nashville, Tennessee with leading global wealth manager, UBS. [17][18] The next documented entry into the cave did not occur until 2008, when archaeologists from the Tennessee Division of Archaeology revisited the site. There is strong ongoing demand for premier office space located within walking distance to downtown amenities, and UBS Tower is well positioned to benefit from significant tenant in-migration, says Allen Aldridge, senior vice president of acquisitions, dispositions, and co-director of asset management for KBS. KBS is an SEC-registered full-service investment adviser adept in various property and product types. More information is available at www.shorenstein.com. gwalker@kbs.com, Internet Explorer presents a security risk. UBS Tower is a dominant fixture on Nashvilles skyline and one of the citys most recognizable and centrally located landmarks. The human remains are believed to be from the Woodland Period and originated thousands of years after the Smilodon find. This site is protected by reCAPTCHA and the Google. UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. Radiocarbon analysis of human remains from the cave returned dates of 2390+/-145 B.P. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The lobby will have a contemporary professional design, with a new security desk, new security turnstiles and furniture, and upgraded lighting. There are 131 office spaces for lease in the Downtown Nashville neighborhood, totaling 2,183,522 SF of available office space. About Shorenstein Properties LLCFounded in 1924, Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. [2] Regions moved in 2013 but still leases 250,000 square feet of space in the building. 
For more information on KBS, please visit www.kbs.com. Nashville, United States, With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes. In the early years of the team's existence, a video was shown on the jumbotron of a computer-generated saber-toothed cat emerging from the ground beneath downtown Nashville before the team exited the locker room prior to each home game. This activity creates numerous office-using jobs and significantly increases the rental growth and demand in the market. Currently the Swiss Banking behemoth UBS has leased 90,000 square feet of the building in an effort to move back office jobs from southeast Nashville to downtown Nashville. More information is available at www.shorenstein.com. NASHVILLE, Tenn.--(BUSINESS WIRE)--KBS, one of the largest investors in commercial real estate in the U.S., announces the acquisition of UBS Tower, a 29-story, 605,000 square-foot Class A office building located at 315 Deaderick Street in Nashville, Tennessee, on behalf of a large pension fund. For Class A office buildings the average office rate is $32.5/SF/YR, for Class B office buildings the average office rate is $26.89/SF/YR, for Class C office buildings the average office rate is $29.75/SF/YR. UBS Tower is located at 315 Deaderick Street in Nashville, Tennessee. KBS@thesmartagency.com, Ginny Walker Nashville, United States, Senior Director
800 Newport Center Drive, When typing in this field, a list of search results will appear and be automatically updated as you type. and 10,035+/-650 B.P. Unlock data on CommercialEdge. Copyright Cushman & Wakefield 2022. Please click here for photos of UBS Tower. UBS Tower is a 108-meter (354-foot), 28-story skyscraper at 315 Deaderick Street in Nashville, Tennessee. These remains were collected from an upper zone approximately 16-feet above the saber-tooth bones. "[15], Unfortunately, it appears that any plans to conduct additional investigations were abandoned around the time bank construction was completed. "UBS's long-term commitment speaks to the quality of this asset which will be further improved by our ongoing renovation project, including lobby and plaza upgrades along with the addition of several exciting amenities. Since 1992, Shorenstein has sponsored twelve closed-end investment funds with total equity commitments of $8.8 billion, of which Shorenstein committed $723.5 million. The Class A Office building was completed in 1974 and features a total of 602,312 SF. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The tower was completed in 1974. At the crossroads of three interstate highways (I-65, I-40, and I-24), UBS Tower spans an entire block in the heart of downtown across from Public Square Park. I understand that I can opt out at any time. In 1973 Time Magazine reported that the bank was "preparing to let archaeologists resume their digging. This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS ability to invest in and manage a diverse portfolio, and the performance of UBS Tower and of the Nashville, Tennessee, real estate market. The property has unobstructed views of downtown or the Cumberland River from every office suite. View our Privacy Statement for additional information. The largest space available has 18,675 SF and a rental rate of $30/SF/YR. These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you. UBS Tower totals 602,312 square feet, of which 49,213 square feet is rentable. Executive Director
Patrick Murphy from Cushman & Wakefield represented UBS. UBS Tower is a 600,000 square foot, 29 story property located in downtown Nashville. [12] According to Guilday (1977), collagen from the Smilodon remains returned radiocarbon dates of 9410+/-155 B.P. These funds have invested in properties totaling 67 million square feet in transactions with a gross investment value in excess of $16 billion. [4] The name of the building was renamed from Regions Center to UBS Tower. Nashville has been consistently ranked a top city for businesses over the last several years, with companies migrating to the area in favor of its diverse economy, low cost of living, and well-educated talent pool. 
By submitting this form I agree to receive communications from Cushman & Wakefield. The find of the Smilodon remains was the impetus for the logo of the Nashville Predators hockey team and their mascot Gnash. The average asking office rent per SF in Downtown Nashville is $30.03/SF/YR. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. The property offers unobstructed views of Downtown, move-in ready full floor spec suites, and superior access to executive housing to the West and South via Charlotte Avenue., We plan to make UBS Tower even better by adding in-demand features such as a coffee bar located in the lobby, bike room and shower, dog recreation area, and modernized facade, continues Aldridge. Regions announced its move to One Nashville Place in late September 2012.[3]. On May 25, 2006, AmSouth announced it is merging with Regions Financial. It was originally called the First American Center but the name was changed when First American National Bank merged with AmSouth Bank. These dates are extremely late for the presence of Smilodon in the Southeast, both contemporaneous with the Dalton horizon and overlapping Paleoindian occupations along the Cumberland River by at least 1,000 years. Robby Davis from Cushman & Wakefield represented Shorenstein in the lease negotiations. Alternatively click on More Options and select your preferences before providing or refusing consent. SEC registration as an investment advisor does not imply any particular level of skill or training. A number of noted archaeologists visited the site following its initial discovery, including Ronald Spores, Kent Flannery, Vance Haynes, and Edwin Williamson. The name then changed again to Regions Center when AmSouth merged with Regions. Founded in 1992 by Peter Bren and Chuck Schreiber, KBS acquires and operates prime commercial real estate in some of the most successful epicenters in the country. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. Cushman & Wakefields David Meline, Samir Idris, Crews Johnston, Mike McDonald, and Stewart Calhoun arranged the sale of UBS Tower and represented the seller, Shorenstein Properties, LLC. Some processing of your personal data may not require your consent, but you have a right to object to such processing. On-site amenities include nationally recognized Jeff Rubys Steakhouse, tenant lounge and coffee bar, fitness center with locker rooms, conference facilities and a renovated outdoor plaza with seating. [14] An access hatch and ladder provided entry to the space. The space has an asking rate of roughly $30/SF/YR per square foot. The firm uses its integrated investment and operating capabilities to take advantage of opportunities that, at the particular time in the investment cycle, offer the most attractive returns. According to CoStar, Nashville has over 80% more office-using jobs now than it had in 2010, a rate of growth that far outpaces the national average. The firm is committed in its business ethics, its business relationships, and its constant focus on exceeding the expectations of its investors, partners, and tenants. UBS Tower reaps all the benefits of proximity to downtown Nashville attractions, yet its location several blocks from the Broadway corridor offering tenants a strategic locational advantage for walkability without traffic issues. "[16], In 1978, a group of cavers from the Nashville Grotto visited the site but were underwhelmed by the lack of intact cavern or open passages. It was once the main office and headquarters of First American National Bank. "We are pleased that we can call UBS Tower our home for ten more years, providing a positive workspace for our employees and an opportunity for us to continue to be an active member of the local community.". UBS Tower is located at 315 Deaderick Street in the Downtown Nashville neighborhood, TN, Nashville, 37201. [20] Smilodon remains on display include portions of the lower jaw and molars, vertebral column, ribs, humerus, metacarpals, and metatarsals. The building is in the epicenter of Nashville's entertainment and culture centers, with over 100 restaurants and a variety of fitness studios, clothing boutiques, salons, museums, art galleries, hotels, food markets and historic entertainment venues surrounding the property. Suite 700 Newport Beach, CA 92660, 3003 Washington Boulevard, Suite 950Arlington, VA 22201, 800 Newport Center Dr., Suite 700 Newport Beach, CA 92660, 590 Madison Avenue, 26th Floor New York, NY 10022, 3003 Washington Boulevard, Suite 950, Arlington, VA 22201. Several renovations have been made to the property, including a revamped lobby, new tenant lounge, coffee bar, conference center, and fitness center, along with extensive infrastructure upgrades, making the building an attractive location for companies looking to provide their teams an amenity-rich and sustainable workplace. and 1690+/-115 B.P. Conventional wisdom among bank and facility management personnel is that the canine is now in the collection of the Smithsonian; however, that institution holds no record of the artifact.[21]. Founded in 1960, Shorenstein Properties LLC is a privately-owned, real estate firm that owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. Find property characteristics, ownership, tenant details, local market insights and more. We also plan to add electric car charging stations and verify the building with UL Healthy Buildings since we are constantly looking for ways to incorporate eco-friendly property amenities that elevate the tenant experience while reducing our carbon footprint.. We are eager to complete this renovation for the benefit of UBS and all of our current and future tenants. At zip code level, there are 16 commercial properties, of which 13 are office buildings over 50,000 square feet. The Smilodon upper canine that led to the site discovery in 1971 is not on display, and is apparently no longer in the collection. It is the former Tennessee headquarters of Regions Financial Corporation. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook. Attorneys Bruce Fischer, Tatyana Litovsky, Christine Fan and Howard Chu, and paralegal Amanda Kennedy, of global law firm Greenberg Traurig, LLPs Orange County office represented the firm as legal counsel in the acquisition. UBS Tower is one of the citys most recognizable office properties in the heart of downtown Nashville. The office space availability for the 37201 zip code is 699,082 SF, in 43 office spaces. I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}, View Site-Specific COVID-19 Prevention Plan, Food Service, Convenience Store, Banking, Security System, Signage. The site received national attention in 1971 when remains of a saber-toothed cat were discovered during excavation of the property. (949) 438-6262 Newspaper and magazine articles from the early- to mid-1970s show there was clear interest among the archaeological community in conducting further excavations in what remained of the cave. Learn How KBS is Creating Safe Work Environments. The property was awarded a Walkers Paradise with a 94 walkscore. Now was the opportune time for us to make this investment.. AmSouth acquired the slightly larger First American National Corporation in 2000 after the latter involved itself in several unprofitable mergers. [19], Regions Bank and UBS maintained a display in their first floor lobby that included bones from the Smilodon and other faunal material from the site. We were extremely pleased to represent KBS in the acquisition of this desirable asset, says Fischer, Greenberg Traurigs Chair of the West Coast Real Estate Practice and Co-Managing Shareholder of the Orange County office, who led the Greenberg Traurig team and represented KBS. A major renovation of the building's ground-level exterior followed the name change. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet. [5], The building served as the Tennessee headquarters and a branch office for Birmingham, Alabama-based Regions Bank. A replica of a Smilodon skull from the La Brea Tar Pits serves as the centerpiece of the display. As a result of interest that the site generated, First American Bank agreed to engineer around the small percentage of cave deposits that had not been destroyed. The monthly lease rate for the largest space available at UBS Tower is $30/SF/YR. Looking for more in-depth information on this property? Rental asking rate at UBS Tower is $30/SF/YR. In Downtown Nashville, there are a total of 4 LEED certified office buildings. Built in 1972, UBS Tower is ideal for office and retail businesses seeking an optimal location in the Nashville area. [13] As such, the dates for the Smilodon remains from the First American site should be regarded with some skepticism. This site is protected by reCAPTCHA and the Google. from 8 AM - 9 PM ET. You can change your preferences at any time by returning to this site or clicking on Currently, the largest rentable space at UBS Tower totals 18,675 square feet. [6] John Guilday of the Carnegie Museum of Natural History conducted an examination of all faunal material recovered from the site, and published the results in the July 1977 issue of the Journal of the Tennessee Academy of Sciences. At present, there are 5 spaces listed at UBS Tower. "We are very pleased to continue our partnership with UBS," said Claude Esposito, Vice President, Investments Group at Shorenstein. Currently, the largest rentable space at UBS Tower totals 18,675 square feet. Set to expire in 2034, the new lease at 315 Deaderick Street will include approximately 138,000 square feet in one of Nashville's premier office buildings. In 2016, the display was moved to Bridgestone Arena. The Smart Agency As a private equity real estate company and an SEC-registered investment adviser, KBS and its affiliated companies have completed transactional activity of more than $44 billion on behalf of private and institutional investors globally. Shorenstein is also updating the exterior of the building at the Deaderick Street entrance with a new canopy, columns and landscaping, and at Fourth and Union plaza there will be new seating and upgraded landscaping. Celebrating 30 years in business this year, KBS is one of the largest investors of premier commercial real estate in the nation. KBS Public Relations Director These statements are subject to known and unknown risks, uncertainties and other factors which may cause UBS Towers actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The city has also seen several tech businesses relocate to or expand in the area in search of prime office space, with global companies such as Amazon, Oracle, Asurion, and iHeartRadio planning to open new major offices in the city. Cookies. All Rights Reserved. Reach out to the broker for more info on lease terms and amenities, DoubleTree by Hilton Hotel Nashville Downtown, Noelle, Nashville, a Tribute Portfolio Hotel, TownePlace Suites by Marriott Nashville Downtown/Capitol District, Holston House Nashville - In the Unbound Collection by Hyatt, Tennessee State University - Avon Williams Campus, Tennessee State University - Avon Williams Campus, Brentwood United Methodist Church Day School, Tennessee Baptist Missionary and Educational Convention, McKendree United Methodist Church Day Care Center, Fifteenth Avenue Baptist Church Day Care Center, First Baptist Church of East Nashville Day Care Center, Westminster Toddlers and Twos Day Care Center, Jackson Park Church of Christ Day Care Center. Reach out to the broker for more info on lease terms and amenities, DoubleTree by Hilton Hotel Nashville Downtown, Noelle, Nashville, a Tribute Portfolio Hotel, TownePlace Suites by Marriott Nashville Downtown/Capitol District, Holston House Nashville - In the Unbound Collection by Hyatt. These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. The final reference to additional excavation occurs in 1976, when Bob Ferguson wrote that he was "certain much remains to be discovered when work resumes in the cavern, so thoughtfully preserved by the First American National Bank. ", "Over the past decade, our expansion in Nashville has been fundamental to our overall growth strategy in the Americas," said Wanda Lyle, President of UBS Business Solutions US LLC. Leading Global Wealth Manager Extends Lease Through 2034. With a population quickly approaching two million, Nashville is a vital business, tourism, and transportation center, says Marc DeLuca, CEO and Eastern regional president at KBS. UBS Tower is a 29-story, 604,984-square-foot Class A office tower ideally located off Deaderick Street and 4th Avenue in the heart of downtown Nashville, boasting unobstructed panoramic views of Downtown and the Cumberland River. 949-417-6535 UBS's strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Lexi Astfalk or Jenn Quader
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