1222 Demonbreun at Gulch Union

The Institutional Capital Markets Group of Jones Lang LaSalle Americas, Inc. (“JLL”), as an exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 1222 Demonbreun at Gulch Union (“the Asset,” “the Project”). Delivered in 2020 and now 93% leased with a weighted average lease term remaining of approximately 7 Years, 1222 Demonbreun represents a once-in-a-cycle opportunity to acquire a Tier 1 core asset in the Gulch, Nashville’s most desirable submarket with tremendous near-term supply constraints.

Located in Nashville’s Gulch submarket, 1222 Demonbreun at Gulch Union is located at the best intersection of one of the Sunbelt’s strongest markets. Nashville has ranked #1 in ULI’s Top Real Estate Investment Markets for four of the last five years, and the Gulch has distinguished itself as the center of the bullseye for Nashville’s tenant community. A live-work-play environment, the Gulch offers some of Nashville’s most desirable multihousing, retail, and hospitality offerings in a walkable and LEED Certified neighborhood.

1222 Demonbreun is a direct reflection of the national flight-to-quality tailwinds as occupiers in the post-Covid environment pay special attention to employee wellness and retention. Phase I of a three-phase mixed-use master plan, 1222 Demonbreun has earned outsized absorption when compared to its peer set, which will continue to intensify and push rates as Tier 1 assets in it’s vicinity stabilize. With rental rates 23% below market and room to run, 1222 Demonbreun is a unique core opportunity with an accessible rental rate mark-to-market.