The acquisition reinforces Shorenstein's strategy of securing high-quality office assets in submarkets supported by robust corporate and demographic growth. Located adjacent to Vanderbilt University and its medical center, the building caters to a diverse tenant base spanning the technology, healthcare, and entertainment sectors. The tower features a comprehensive suite of amenities, including structured parking, ground-floor retail, and an indoor-outdoor event space, which have helped maintain strong leasing momentum since its completion.
Shorenstein Adds Nashville’s Moore Building to Office Portfolio
A 245,826-square-foot Class AA office tower in Nashville’s Midtown district has changed hands, as San Francisco-based Shorenstein Investment Advisers finalized its purchase of the Moore Building. The 2023-built property, located near the legendary Music Row, represents the firm’s latest expansion into high-growth urban markets.
Claude Esposito, Senior Vice President at Shorenstein, noted that the firm intends to leverage its service-oriented management model to build on the property's existing performance. This purchase follows the firm’s earlier entry into the Nashville market via the 1222 Demonbreun property in the Gulch Union district. By focusing on assets with durable cash flow and high-barrier-to-entry locations, Shorenstein aims to capitalize on the city's ongoing economic expansion.
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