Hall Capital sells Nashville Music Row Development for $78.5M
OKLAHOMA CITY (September 23, 2021) – Oklahoma City-based Hall Capital – operating through its Nashville real estate development company Hall Emery – recently closed on the sale of its Music Row development known as “18th & Chet.” The sale price of $78.5 million, which equals $577 per square foot, was one of the highest in Nashville history for
an office building. The price per square foot is above replacement cost for a Class A office building in Nashville.
The building was developed by Hall Capital and Hall Emery, opened in 2019, and features 136,000 square feet of office space. The purchaser was AEW Capital Management.
Hall Capital is known in Oklahoma City for its development of East Wharf and the West Village / 21c Museum Hotel / Jones Assembly initiative in west downtown. In addition to the 18th & Chet project in Nashville, Hall Capital and Hall Emery are currently constructing a similar building, also on Music Row, known as “17th & Grand.” Hall Capital’s real estate portfolio also includes a $75 million acquisition fund, launched in 2019. Hall Capital has real estate holdings in Oklahoma, Tennessee, Georgia, Florida, Texas, Alabama and South Carolina.
“This was an exciting project for us, we’re very proud of how 18th & Chet raised the bar in Nashville,” said Hall Capital Chairman & CEO Fred J. Hall. “We’re also excited about the sale and look forward to great success on our 17th & Grand building as well.”
About Hall Capital
Hall Capital is a family-owned private investment company with offices in Oklahoma City, Nashville, Chicago, Dallas and Tulsa. Its roots extend back to legendary automotive pioneer Fred Jones’ first enterprise in 1920. Today, led by Jones’ grandsons – Fred Hall, Kirkland Hall, and Brooks “Boots” Hall, Jr. – Hall Capital is home to a diversified collection of business interests focused on automotive, real estate and private investment. The company continues a long legacy of service to the community through the Fred Jones Family Foundation. For more information, visit hall-capital.com.
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