Aspen Grove

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

opportunity to acquire Aspen Grove, a two-building, Class A

office campus totaling 207,591 SF in Nashville’s premier Cool

Springs submarket. Currently 66% occupied with a 5.2-year

weighted average lease term, this value-add institutional

asset offers a rare combination of durable in-place income,

immediate lease-up upside, and long-term development

optionality. The campus comprises Aspen Grove I (85,929

SF, built 1999) and Aspen Grove II (121,662 SF, built 2006),

situated on 18 acres with direct access to Nashville’s most visited

retail node, drawing 32.1 million annual visitors.

The Asset sits within the “McEwen Halo,” a proven

institutional investment corridor commanding premium

rents on the strength of its amenity base, affluent

demographics ($179,362 average household income), and

dense daytime population (156,063 within five miles).

Recent leasing activity underscores the near-term value creation

story. Tenants signed approximately 69,000 SF of

leases — 33% of GLA — over the past 18 months, achieving a

new high-water mark rental rate of $36.00 FSG. In addition,

the Cool Springs Submarket recorded more than 234,000 SF

of positive absorption YTD in 2026, and comparable assets in

the McEwen Halo are achieving rental rates of $42.00–$54.00

FSG, creating substantial mark-to-market upside at Aspen

Grove as leases roll through 2031.

Beyond lease-up of existing vacancy through additional

spec suites, the 18-acre site offers a potential “covered land”

opportunity to unlock future value. These dynamics position

Aspen Grove as an institutionally maintained asset with a

clear path to outsized returns in one of Nashville’s premier

suburban submarkets.