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The Ardent Cos. Pays $23M for Historic Bldg. in Downtown Nashville

Seller Yields Big Return for 78,000-SF Asset
January 31, 2018
The Ardent Cos., a group of companies operating as a privately held real estate investment and asset management firm, acquired the 78,000-square-foot historic building in Nashville, TN from a private investor, Robert Lowe, for $23 million, or approximately $295 per square foot.

Nashville Sash & Door delivered in 1906 at 150 2nd Ave. N. At the time of sale, the four-story office and retail building was fully leased to BB King’s Blues Club and Restaurant, Lyft, TI Connects, Joe P. Binkley Jr. Law Office and Huber & Lamb Appraisal Group.

Lowe, senior managing director of Cushman & Wakefield, acquired the asset in 2012 for $2.75 million, and the building underwent renovations in 2016.

Seth Harlan of Robin Realty Co. represented the buyer.

Please see CoStar COMPS #4113974 for more information on this transaction.
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