GBT Realty Corporation completed its capital stack for its Class-A office tower ONE22ONE in Nashville, Tennessee.
Sharing in GBT Realty’s vision for the project are New York-based Mack Real Estate Credit Strategies providing the debt capital and Dallas-based Koch Real Estate Investments, which joins GBT as a limited partner.
Site work at the .77-acre site at 1221 Broadway began in February. GBT recently finalized its development plans to peak at 24 stories with 356,000 square feet of leasable space. The project is targeting a 2022 opening.
The $141.1 million construction loan is provided by Mack Real Estate Credit Strategies, the real estate credit business founded by the Mack family in 2014 as a one-stop shop for borrowers with transitional assets. GBT’s limited partner Koch Real Estate Investments is the real estate investment arm of Koch Industries, the country’s second-largest private company.
The office space is marketed exclusively by CBRE Brokers Taylor Hillenmeyer, Janelle Gallagher, Frank Thomasson and Byran Fort. GBT’s leasing team of Alex Samuels and Alan Lloyd are actively marketing the approximately 15,000 square feet of retail space at ground level that will further connectivity and street activation throughout the urban district.
