Jim Irwin’s New Metropolis Properties has a brand new tenant in its rustic-chic Germantown workplace growth.
Butler Snow LLP leased the highest two flooring of the constructing, taking on 31,000 sq. ft within the Neuhoff District, at 1312 Adams Avenue, the Nashville Enterprise Journal reported. The legislation agency will depart its workplace on the Pinnacle at Symphony Place, the place it has occupied 46,000 sq. ft since 2013.
Tenants are pouring out of that constructing, at 150 third Avenue South, which is owned by Raleigh-based Highwoods. Along with Butler Snow, its two largest tenants, Pinnacle and Bass, Berry & Sims, are ditching it for area in Nashville Yards later this 12 months. One other high-profile tenant, PricewaterhouseCoopers, is taking the identical route.
Butler Snow’s new digs are half of a bigger mixed-use growth at what was once the Neuhoff meat packing plant. New Metropolis purchased the property in 2020 for $32 million and has spent about $550 million to construct workplace, retail area and tons of of flats.
In latest months, New Metropolis has introduced leases for a cocktail bar run by Los Angeles hospitality group Gin & Luck and a 16,000-square-foot workplace for native well being care agency Rubicon Founders.
Throughout Nashville, corporations have been leaving downtown for smaller places of work outdoors the central enterprise district. Sony Music Publishing introduced final month that it will be shifting its headquarters from Fifth Third Middle to an area half that measurement on Music Row. Music Metropolis builders have constructed huge quantities of workplace and condo area in recent times, and industrial offers reached a 12-year low in 2023. Nonetheless, out-of-town builders stay out there, which has comparatively cheaper downtown places and extra versatile zoning.
