The Pinnacle at Symphony Place: Setting Records?

The Pinnacle at Symphony Place: Setting Records?Investors come and investors go, but classically designed buildings remain in demand.  We will see that such is the case with The Pinnacle at Symphony Place which is currently for sale. Nashville is considered a secondary city for investors who purchase substantial assets, so we won’t see prices that similar properties fetch in Dallas, Chicago, New York, etc. Expect it to set a record on a price per square foot basis for Nashville office properties. With few peers, it is considered as Nashville’s preeminent office addresses. Currently 85% leased, with anchor tenants on long term leases in one the hottest areas of town – the value is likely at the highest value it will see in the next several years. The next building that should be in the same class is Alex Palmer’s West End Summit.

 

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