DALLAS, Nov. 5, 2025 –  JLL Capital Markets announced today that it has arranged the sale and financing of 1222 Demonbreun at Gulch Union, a Class AA, Tier 1 office building totaling 330,475 square feet in Nashville, Tennessee. The sale represents the largest office sale in Nashville post-COVID.

JLL represented the seller, a joint venture between Endeavor Real Estate and Granite Properties, and procured the buyer, Shorenstein Investment Advisors (“Shorenstein”). JLL also secured the acquisition loan through Alliance Bernstein on behalf of Shorenstein.

Delivered in 2020, 1222 Demonbreun is a 20-story, best-in-class property that promotes collaboration, community and creativity through experience-rich office space. The building has sweeping views of Downtown Nashville, Midtown and Music Row and has a market-leading amenity package featuring a fitness center with locker rooms, an indoor/outdoor tenant lounge, 48-seat conference center, high-touch lobby, ground-floor retail and a 900-space parking garage. 1222 Demonbreun is 97% leased to a diverse rent roll, including Revance, Tennessee Valley Authority and Nelson Mullins Riley & Scarborough.

1222 Demonbreun sits in the heart of The Gulch, Nashville’s premier office submarket, and is the first phase of the Gulch Union master plan that includes office, residential, hospitality, and retail uses. The Gulch is a 24-hour live-work-play environment that boasts a variety of bars, restaurants, hospitality, retail and living options. As one of the few Tier 1 office assets in the Gulch, 1222 Demonbreun will remain well positioned to capture tenant demand in Nashville, amid local supply constraints.

According to JLL’s Q3 2025 Nashville Office Market Dynamics report, Nashville was one of only six U.S. markets to record positive absorption in every quarter in 2025. The city’s year-to-date growth of just under 500,000 square feet ranks it as the second highest among those markets. Nashville continues to experience economic expansion fueled by the entertainment, music, healthcare and technology sectors, and has been the #1 ULI Top Rated Market four of the last five years and the 14^th fastest growing MSA in the nation.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Richard Reid, Mike McDonald and Ryan Clutter and Managing Director Huston Green.

JLL’s Debt Advisory team representing Shorenstein included Managing Directors C.J. Kelly, and Greg Napper and Director Anthony Sansone.

“1222 Demonbreun epitomizes the flight-to-quality trend in the office sector,” said Reid, who also oversees JLL’s Capital Markets office in Nashville. “We had no shortage of interest in the offering, ranging from institutional investors to private capital.”

“We continue to see office debt becoming more available,” added Sansone. “A wide range of lenders were interested, from insurance companies to CMBS and debt funds. It’s a clear sign that capital is re-engaging with quality office product in strong markets like Nashville.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Endeavor Real Estate Group is a vertically integrated commercial real estate investment, development, and operating platform based in Austin, Texas. Its 200+ professionals bring expertise across multifamily, retail, industrial, student living, office, mixed-use, self-storage, hospitality, and land. With in-house capabilities spanning acquisitions, entitlements, development, leasing, asset management, and operations, Endeavor delivers sustainable, high-quality projects that enhance communities and exceed stakeholder expectations. Since 1999, the firm has developed, acquired, and/or is developing more than 29.9 million square feet of commercial real estate; manages 9.6 million square feet; and has 3.7 million square feet under construction. Notable Austin projects include Saltillo, Domain NORTHSIDE, and The Quincy. Endeavor is actively developing in Austin, Houston, Fort Worth, Denver, Salt Lake City, San Diego, and Nashville—including The Pullman at Gulch Union (phase II of Gulch Union). For more information, visit endeavor-re.com.

Granite Properties is a privately held commercial real estate investment, development and management company founded in 1991. The firm owns 11 million square feet of high-quality office space in Dallas, Houston, Atlanta, Denver, Southern California, Boston and Nashville. Granite is an established investor, developer and manager with a focus on sustainable, highly amenitized projects. It has completed more than $10 billion in real estate transactions and more than 30 million square feet of real estate development and acquisitions. Granite focuses on creating extraordinary customer experiences through mixed-use environments, rich amenities, customer-centric service, and innovative wellness features. Granite, NAIOP’s 2022 Developer of the Year, was named one of Fortune Magazine’s Best Workplaces nine times, ranking #8 on their 2022 Best Workplaces in Real Estate list. For more information, visit: www.graniteprop.com.

Shorenstein is a privately-owned investment adviser that, through affiliated entities, owns and operates high-quality office, residential and mixed-use properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein and its affiliates have acquired $19.6 billion in assets (as of March 31, 2025). Using their integrated investment and operating capabilities, the firm seeks to take advantage of opportunities that, at the particular time in the investment cycle, offer attractive returns. Investments have included ground-up developments, asset repositioning and stabilized assets; investment structures have included asset acquisitions, mezzanine loans, preferred equity investments and structured joint ventures. More information is available at www.shorenstein.com.

AllianceBernstein (AB) is a global investment management firm that provides a wide range of investment and research services to institutional, high-net-worth, and individual investors. For more information on the firm, please visit: www.alliancebernstein.com.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.