In one of Nashville's biggest CRE transactions ever, Northwood Investors has purchased the retail, residential and entertainment hub Fifth + Broadway for $715M from Brookfield Properties.
The transaction was financed by Pacific Life.
Fifth + Broadway, recently developed and operated by Brookfield on the 6.2-acre Nashville Convention Center site, includes the 367K SF 501 Commerce office tower, 381 apartment units in a residential campus known as The Place, and 250K SF of retail and entertainment space, as well as parking for 2,000 vehicles.
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