CBRE Facilitates Sale of Nashville’s Landmark Moore Building

CBRE announced the sale of The Moore Building, a 245,826-sq.-ft., trophy office tower located at 827 19th Avenue South in Nashville, Tennessee, to Shorenstein Investment Advisors, an owner and operator of high-quality office, residential and mixed-use properties across the U.S.

CBRE’s Patrick Gildea, Matt Smith, Roscoe High, JT Martin and Morgan Hillenmeyer represented the seller, Portman Holdings, in the transaction. CBRE’s Debt & Structured Finance team, including JP Cordeiro, Cliff Joyner and Mike Ryan, arranged acquisition financing for the buyer.

Delivered in 2023, The Moore Building is a 16-story office tower located in Nashville’s Midtown district within the highly sought-after Music Row submarket. The property features approximately 9,000 sq. ft. of ground-floor retail space, an 11,000-sq.-ft. indoor/outdoor amenity deck, a sky lobby and lounge, fitness center, conference facilities and 596 parking spaces across above- and below-grade structured parking.

Named after Scotty Moore, Elvis Presley’s longtime guitarist, the building was developed on the site of Moore’s former recording studio and incorporates design elements that pay tribute to the location’s musical heritage. Developed by Portman Holdings and Creed Investment Company, the property was designed by Gresham Smith, with Gensler providing concept design for the exterior and interior office spaces. The building is LEED certified.

“The Moore Building represents one of the highest-quality office investment opportunities to trade in the Southeast in recent years,” said Gildea, Vice Chairman and Co-Head of U.S. Office Capital Markets. “The level of engagement we saw throughout the process reflects continued conviction in Nashville’s long-term growth story and the city’s top-tier office product.”

Located in one of Nashville’s most walkable neighborhoods, The Moore Building is steps from Music Row, Vanderbilt University and Vanderbilt University Medical Center. The property offers convenient access to Downtown Nashville, The Gulch, West End, Green Hills and other major employment and residential districts throughout the city.

“Nashville continues to be one of the most compelling office markets in the country, supported by strong demographic and investment trends, and the Moore Building is positioned to capitalize on this broader growth,” said Claude Esposito, Senior Vice President, Investments Group at Shorenstein. “This transaction reflects our strategy of investing in best-in-class assets in submarkets with strong fundamentals, and we look forward to building on the Property’s momentum to drive long-term value for our tenants and investors.”

The Moore Building is in the Green Hills/21st Avenue/Music Row submarket, one of Nashville’s most supply-constrained office districts. According to CBRE Research, the submarket recorded a 10.2% vacancy rate in the first quarter of 2026, significantly below the Nashville market average of 18.2%, while average asking rents reached $42.61 per sq. ft. No office projects are currently under construction in the submarket, further supporting demand for existing high-quality assets.