Top Floors of Renaissance Hotel Building Listed for Sale

Top Floors of Renaissance Hotel Building Listed for Sale

CBRE markets CitySpace for owner Elmington Capital Group

The top six floors of the building home to Renaissance Nashville Hotel are for sale for an undisclosed asking price.

The Nashville office of CBRE is handling the marketing of the office property, collective known as CitySpace. Nashville-based Elmington Capital Group (via its ECG Tower LLC) owns the office portion of the building, which had been called Renaissance Office Tower before being rebranded as CitySpace. The offices are home to, among others, marketing and public relations firm McNeely Piggott & Fox.

CBRE is billing the space as Class A, noting it was renovated in 2015. CitySpace has consistently offered a “strong tenant performance,” with the 15-year average historical occupancy at about 93 percent, marketing materials note. CBRE’s Douglass Johnson (senior vice president), Morgan Hillenmeyer (first vice president) and Nicole Filkins (associate) have the listing.

Positioned above the hotel’s 25th floor, the six levels of offices span a collective approximately 98,430 square feet.

The marketing materials note the building is located adjacent to various “complimentary downtown developments” — construction of Fifth + Broadway, Nashville Yards and the Thompson Federal Courthouse is underway — and, as such, provides strong walkability.

At 31 stories and opened in 1987, the 385-foot-tall building is the city’s tallest structure that accommodates a hotel. The soon-to-open JW Marriott Nashville hotel building, according to various sources, stands about the same height.

PIM Nashville LLC owns the hotel portion of the tower, which has an address of 611 Commerce St.

In late 2015, Renaissance Nashville Hotel officials had the concrete and glass tower undergo an approximately $2 million exterior upgrade that, in part, yielded a color scheme of charcoal and white.

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