Highland Ridge Collection

Jones Lang LaSalle (JLL), as exclusive advisor, presents the opportunity to

acquire Highland Ridge Tower (284,757 SF, built 1998) and Highland Ridge III

(179,440 SF, built 1990), a two-building, Class A office campus totaling 464,197

SF in Nashville’s dynamic Airport North submarket. Currently 95% occupied

with a 7.5-year weighted average lease term, this stabilized institutional

asset offers durable cash flow from mission-critical headquarters operations,

proven leasing momentum, and strategic positioning within Nashville’s

rapidly expanding airport ecosystem.

The Project is anchored by Genesco (NYSE: GCO) - a publicly traded company

- and Workwear Outfitters - owned by Redwood Capital Investments — who

leverage the airport’s immediate proximity. Since relocating to Highland Ridge

Tower in March 2022, Genesco has generated close to $10.0B in total sales,

while Workwear Outfitters maintains $120M in federal contracts, including

$35M with TSA since 2022.

Recent leasing activity underscores the property’s exceptional tenant

retention and attraction capabilities. The project has executed approximately

224,000 SF—48% of GLA—in new leases and renewals since July 2025,

maintaining an average occupancy of 91% post-COVID while the broader

Nashville market sits at 81% occupied. The Airport North & South submarkets

have recorded six consecutive quarters of positive absorption totaling 212,826

SF, with total average rents surging by 13% from $27.02 PSF to $30.47 PSF.

Beyond stable cash flow, Highland Ridge benefits from Nashville International

Airport’s $4.5B expansion program, projected to increase annual passengers

from 26.7 million (FY 2026) to 40+ million passengers by 2029. The airport’s

growth—generating $14B in annual economic impact and supporting 80,000

jobs—positions Highland Ridge as the premier solution for airport-adjacent

operations within an affluent and rapidly growing demographic corridor.

Highland Ridge represents an institutionally maintained asset with strong

fundamentals in one of Nashville’s fastest-appreciating submarkets.