NASHVILLE, TENN. — GBT Realty Corp., a locally based commercial real estate developer, has opened One22One, a $140 million office tower in Nashville. Situated at 1221 Broadway in the city’s Gulch neighborhood, the building rises 24 stories and totals 373,000 square feet.
FirstBank occupies 52,000 square feet of office space on floors 13 and 14 that will include the headquarters of FB Financial Corp. (NYSE: FBK), the parent company of FirstBank. Additional, soon-to-be-announced tenants have reserved 120,000 square feet of space, according to GBT Realty.
One22One will also house an 11,000-square-foot restaurant, Chotto Matte, that will be situated on the first and second floors.
The exterior of One22One features a glass façade and a porte-cochère (entryway), as well as an outdoor amenity deck overlooking downtown Nashville’s skyline. Interior amenities include an upscale fitness center with showers and lockers; tenant lounge with workspaces and a grab-and-go market; wellness room; and a conference facility.
The property also features a nearly touchless elevator system, gateless parking technology and high-end, independent HVAC systems.
Frank Thomasson, Taylor Hillenmeyer, Janelle Gallagher and Byran Fort are the exclusive listing agents for One22One, which has about 200,000 square feet of office space available to lease. An additional 1,700 square feet of first-floor retail space is also available, but GBT Realty reports it is in active negotiations with multiple end users.
Jeff Pape, Fiona Haulter and Olivia Dial of GBT Realty oversaw the development of One22One, and Brasfield & Gorrie served as the general contractor. Mack Real Estate Credit Group along with Koch Real Estate Investments, GBT Realty’s limited partner, provided financing for the development.
Founded in 1987, Brentwood-based GBT Realty has been involved with the development, construction, leasing and management of over $8 billion of real estate totaling 40 million square feet of space across 30 states. The property types include grocery-anchored, neighborhood and single-tenant retail; regional power centers; and mixed-use developments.
The company currently has $3 billion in its development pipeline comprising shopping centers, net lease retail space, multifamily and other commercial sectors.
— John Nelson