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Nashville Yards-Area Office Building on the Block
The Southern Baptist Convention has listed its seven-story office building for $35 million. The Nashville Post says the church says it’s selling the parcel to shore up the group’s finances. The group has been the target of numerous lawsuits in the past few years.
The 82,000 square foot building is next to Southwest Value Partners’ 19-acre Nashville Yards development.
The red brick building was constructed in the 1980s for $8 million.
The Nashville Business Journal reports that Eric Deems and George Schubert of Land Advisors say the building, which is located on a 0.92-acre site, will likely be bought and immediately torn down. According to Schubert, the size of the lot provides ample room for a tower.
David Atchison and Joel Atchison of Nashville-based The Riverstone Group are handling marketing of the property.
- ◦Sale/Acquisition
