Drawbridge Realty Makes Splash in Nashville, Tenn., Office Market

San Francisco-based real estate developer Drawbridge Realty has entered the Nashville, Tenn., office market with a splash. The firm recently acquired the Bridgestone Tower, a 30-story high-rise that’s prominently positioned in the city’s central business district.

Completed in 2017 as a build-to-suit for Bridgestone Americas, the property incorporates 514,000 square feet of class-A+, LEED Gold-certified, rentable Nashville office space.

“Bridgestone Tower is a high-quality, mission-critical asset leased to a major global credit tenant in one of the most attractive investment markets in the country,” said Charlie McEachron, CEO of Drawbridge Realty. “We’re delighted to add such an exceptional property to our nationwide portfolio and to establish Drawbridge’s presence in Nashville.”

Office space in Nashville at Bridgestone Tower on 4th Avenue South.

A strong addition to the Drawbridge Realty U.S. portfolio, the tower serves as headquarters for Bridgestone Americas, Inc. — the largest subsidiary of Bridgestone Corporation, the publicly traded manufacturer and a global leader in tires and rubber. The property was fully leased to Bridgestone Americas at the time of sale.

Located within close walking distance of local highlights such as Broadway, Bridgestone Arena, Music City Center, and the Country Music Hall of Fame, this acquisition offers Drawbridge Realty a notable presence in one of the country’s most dynamic office markets, where newer trophy assets align with modern tenant demand and investment interest.

Data analyzed for our monthly national office report showed that the average full-service equivalent listing rate for office space in Nashville was nearly $33 per square foot, which was only slightly above the national average of $32.91 per square foot in April.

Meanwhile, year-to-date office sales in Nashville totaled more than $62 million through April, and the market was one of only three in the Southern U.S. region to see vacancy below the national average of 17.6% last month. The other two were Miami and Tampa, Fla.

Central business district office space in Nashville at the Bridgestone Tower.