PRIME CBD RETAIL FOR LEASE AT THE PINNACLE BUILDING 150 3RD AVENUE SOUTH, NASHVILLE, TN 37201 For Leasing Inquiries: Austin Benedict +1 615 493 9221 austin.benedict@cbre.com John Maxwell +1 615 493 9230 john.maxwell@cbre.com
RETAIL OPPORTUNITY SUMMARY Project Address: 150 3rd Avenue South, Nashville, TN 37201 FOR LEASE Building & Area Summary: The Pinnacle Building is a 520,000 SF Class A office building located one block south of Broadway in the heart of Nashville s SoBro district. Also in the immediate area: Encore (333 condos), SoBro (313 lux apts), Bridgestone HQs (500k SF offices), 222 2nd Ave (360k SF offices), and an abundance of existing hotels and hotels under construction Availability Date: The space is available for immediate occupancy Target Future Use: Landlord is targeting polished retail uses (prefers nonrestaurant uses) which will not only capitalize on the space s excellent location and visibility, but also serve as an amenity to the 520,000 SF of office tenants in the Pinnacle Building Available Retail Space: The space (2,722 usable SF) is located at the base of the Pinnacle Building a faces 3rd Avenue South & The Schermerhorn Symphony Center. The subject premises is also adjacent to the Pinnacle parking garage entrance and The Southern Restaurant Space Access: The available premises has both direct ingress/egress onto the 3rd Ave South sidewalk, but may also be accesses via a common area hallway (which connects the 3rd Ave sidewalk vestibule to the parking deck located behind the premises Parking: Abundant parking is available on site in a 987-stall structured parking garage attached to the Pinnacle Building. Future tenant will have rights to a minimum number of stalls (at the monthly market rate). The garage also offers hourly, daily and monthly parking rates, or future tenant may establish a voucher system for customers parking, subject to rates negotiated with the parking garage manager (Premier Parking) Utilities: Included in future tenant s monthly rent Premises HVAC: HVAC is already in place and functions using the office building s cold-water loop system Ceiling Heights: 14-4 from floor slab to ceiling deck above 2
Parking Garage PREMISES FLOOR PLAN Elevator Elevator Elevator For Lease GARAGE ENTRANCE & EXIT VESTIBULE 3 3RD AVENUE SOUTH
2RD AVENUE SOUTH SITE PLAN SYMPHONY PLACE Pinnacle Financial Bank Branch Main Street (25,719 ADT) 2,904 SF For Lease Parking Garage Entrance & Exit DEMONBREUN STREET Office Building Lobby Restaurant Patio 3RD AVENUE SOUTH 4
SPACE FOR LEASE 5
AERIAL VIEW OF SITE ASCEND AMPHITHEATER SEATING FOR 6,800 MDHA-APPROVED JUNE 2018 $400M 40-STORY TOWER 232-ROOM 5-STAR HOTEL 142 LUXURY CONDOS COMPLETED 222 2ND AVE 362K SF OFFICE 30K SF RETAIL S TH SOU COMPLETED BRIDGESTONE HQ 500,000 SF HAMPTON INN 207 ROOMS OMNI HOTEL 800 ROOMS CONVENTION SPACE LO AL M AVE ENCORE 333 CONDOS 20K SF RETAIL SUBJECT Y DE 2ND UNDER CONSTR. DRURY PLAZA HOTEL 390 ROOMS N RA TE VE M HER HILTON GARDEN INN 214 ROOMS AN RE ER E AL DG TH RI EN N B A IG SE STRI E ST A 1 TH / OU VE S PINNACLE OFFICE BUILDING 520,000 SF D PE VE EA ITAG HYATT PLACE 255 ROOMS KO FUTURE HYATT HOTEL SOBRO APT. 313 APT UNITS 10K SF RETAIL N EU BR ON ST M H ST OUT M SY VE S A 3RD SCHERMERHORN SYMPHONY CENTER COUNTRY MUSIC HALL OF FAME Y ON PH E AC PL BR DW OA 1.2M SF MUSIC CITY CONVENTION CENTER 685,000 ANNUAL ATTENDEES AY 4T VE HA 6 RYMAN AUDITORIUM TH SOU HILTON HOTEL 330 ROOMS 3RD A TH OU S VE BRIDGESTONE ARENA 3-FLAG MARRIOTT 488 ROOMS
DOWNTOWN MARKET FIRST TENN BANK BLDG 480,000 SF 5/3 BANK BLDG 489,000 SF SHERATON HOTEL 474 ROOMS COMPLETED 505 NASHVILLE 550 APTS ONE NASHVILLE PLACE 411,000 SF D CUMBERLAND 289 APTS S BLV CHARLOTTE AVE VIRIDIAN 305 CONDOS MDHA GARAGE 1,010 PARKS 7,900 SF RETAIL ROSA PARK RENAISSANCE HOTEL 649 ROOMS COMMERCE ST UNDER CONSTR: 5TH + BROADWAY 400K SF OFFICE, 350 RESIDENCES 230K SF RETAIL HUME-FOGG MAGNET SCHOOL AT&T BLDG 690,000 SF SUNTRUST PLAZA OFFICE BLDG 340,000 SF RYMAN AUDITORIUM LOWER BROADWAY & 2ND AVENUE ENTERTAINMENT DISTRICT BROADWAY ST CENTER FOR E VISUAL ARTS GRUNDYST PLANNED: EMBASSY SUITES (432 ROOMS) CURIO (260 ROOMS) 6TH AVE UNDER CONSTR: CAMBRIA SUITES 255 ROOMS 7TH AVE JUDICIAL BLDG HILTON HOTEL 330 ROOMS BRIDGESTONE ARENA SUBJECT COMPLETED BRIDGESTONE HQ 500,000 SF SOBRO APTS 313 APT UNITS 10K SF RETAIL ENCORE 333 CONDOS 20K SF RETAIL DEMONBREUN ST COMPLETED 222 2ND AVE 362K SF OFFICE 30K SF RETAIL COUNTRY MUSIC HALL OF FAME UNDER CONSTR: JW MARRIOTT 468 ROOMS AVE AVE AVE 8TH 1ST 2ND UNDER CONSTR: DRURY PLAZA HOTEL HAMPTON INN 207 ROOMS 390 ROOMS VE HE UNDER CONSTR: 3-FLAG MARRIOTT 468 ROOMS PLANNED: THE JOSEPH HOTEL 297 ROOMS GARDEN INN 214 ROOMS RM ITA GE AV E 8 FA Y PEABODY ST ET UNDER CONSTR: HOLIDAY INN 230 ROOMS PLANNED: TRU BY HILTON HOME 2 SUITES 233 ROOMS T UNDER CONSTR: OLMSTEAD SOBRO 328 APTS ES ST DG TE PEABODY ST TLE 7 LA RU TH A V E PLANNED: MARGARITAVILLE HOTEL 238 ROOMS 4TH AVE KOREAN VETERANS BLVD OMNI HOTEL 800 ROOMS CONVENTION SPACE ASCEND AMPHITHEATER SEATING FOR 6,800 HYATT PLACE 255 ROOMS 3RD A 1.2M SF MUSIC CITY CONVENTION CENTER 685,000 ANNUAL ATTENDEES 5TH AVE WESTIN HOTEL 452 ROOMS PINNACLE OFFICE BLDG 520,000 SF LEA AVE
3 LOCATION The Pinnacle Building is ideally located in Nashville s Urban Core at the corner of Demonbreun Street and 3rd Avenue South. The site is only 2 blocks away from Nashville s premier 1.2M SF Music City Convention Center and 2 blocks away from the infamous Broadway Entertainment District and legendary Ryman Auditorium. HOPE GARDENS THE GULCH NORTH INTERSTATE 40 SULPHUR DELL 41 41 CAPITOL HILL CORE CENTRAL BUSINESS DISTRICT BROADWAY ENTERTAINMENT DISTRICT SOBRO NEIGHBORHOOD AVAILABLE THE GULCH 70S 31 LAFAYETTE INTERSTATE 65 6 8 INTERSTATE 40 INTERSTATE 40 INTERSTATE 65
DOWNTOWN NASHVILLE STATISTICS Downtown Nashville has 65,000 Daytime Office Workers Downtown Nashville will have 13,000 Residents By 2019 27 Tower Cranes In Nashville s Urban Core 1.97M SF Office Space Under Construction Metro Nashville Tracked $3.5 BILLION In Building Permits During Fiscal Year 2016-2017 OVER 1,000 Downtown Events Each Month 16 HOTELS ARE SCHEDULED TO OPEN DOWNTOWN IN 2018 2,639 ROOMS HOTEL ROOMS IN ALL PHASES OF DEVELOPMENT IN NASHVILLE 14,390 ROOMS 9
PRIME CBD RETAIL FOR LEASE AT THE PINNACLE BUILDING 150 3RD AVENUE SOUTH NASHVILLE, TN 37201 For Leasing Inquiries: Austin Benedict +1 615 493 9221 austin.benedict@cbre.com John Maxwell +1 615 493 9230 john.maxwell@cbre.com 2018 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.