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Drawbridge Pays $255M for Nashville Office Tower
Highwoods Properties sold Bridgestone Tower, a 513,000 square foot office tower in Nashville, for $255 million. This property is 100% leased and is projected to generate approximately $17 million of annual cash in 2026. Eastdil Secured advised the seller on this transaction.
Drawbridge Realty was the buyer of the 30-story, Class AA office tower. The property was developed as a build-to-suit for Bridgestone Americas and delivered in 2017. The property is fully leased to Bridgestone, the tire and rubber company.
Bridgestone Tower is positioned in Nashville’s central business district, within walking distance of Broadway, Bridgestone Arena, the Music City Center, and the Country Music Hall of Fame.
With the addition of Bridgestone Tower, Drawbridge has acquired more than $740 million in assets in the last 12 months, totaling over 1.1 million square feet.
- ◦Sale/Acquisition
