Search
 

Wells Acquires 118,082-SF Office Building

NASHVILLE-The four-story building at 333 Commerce St. serves as the corporate headquarters of Country Music Television.

By Natalie Keith | Updated on December 19, 2007

NASHVILLE-Norcross, GA-based Wells Real Estate Funds has acquired the 118,082-sf 330 Commerce St. office building that serves as the corporate headquarters of Country Music Television. The property is a four-story class A building that sits atop a nine-level parking facility at the corner of Third Avenue North and Commerce Street in the city’s Central Business District.

The sale included 136 parking spaces on levels eight and nine, in addition to air rights above the garage. Terms of the deal were not disclosed, but other office properties sold recently in Nashville include the 198,421-sf Plaza Tower at 200 Athens Way for $28.3 million and the 154,307-sf Plaza at Metro Center at 220 Athens Way for $22 million.

Wells Real Estate Funds was represented by Wells SVP, acquisitions Keith Willby in the transaction. Country Music Television, a division of New York-based MTV Networks (Viacom Inc.) occupies 75% of the building. It has been the television station’s corporate headquarters since 2002. Wells plans to market the remaining vacant space, which is about 29,000 sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.