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The L&C Tower in Nashville has been acquired for $51 million by Tricera Capital and Merrimac Ventures.

Tricera, Merrimac Outlay $51M To Acquire Nashville’s L&C Tower

Tricera Capital and Merrimac Ventures have acquired the L&C Tower in Nashville for $50.5 million from CIM Group.

The office building is in Nashville’s DBD and tied to city’s groundbreaking moments in music as former home of WLAC and its early rhythm and blues programming.

L&C Tower is Nashville’s first modern skyscraper and was the Southeast’s tallest building until the mid-1960s. Its neon logo, once connected to an onsite barometer, had its own slogan: “What’s the weather going to be? Just keep your eyes on L&C.”

Tricera has engaged Colliers International’s Nashville office for leasing services as well as 511 Group for property management services.

“Southern urban core markets like Nashville are seeing a tremendous boom in millennial and corporate migration,” said Merrimac’s Dev Motwani. “This was already occurring prior to COVID, but this accelerated the trend. We look forward to completing additional strategic office acquisitions in our target Southeast markets.”


Inside The Story

Merrimac Ventures’ Motwani

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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