Brentwood-based developer GBT Realty Corporation (GBT) and Koch Real Estate Investments (Koch REI) recently secured recapitalization of ONE 22 ONE, the trophy office tower that was completed in 2022. The senior construction loan in the amount of nearly $175 million was co-originated by Canyon Partners Real Estate LLC and J.P. Morgan.

The office building rises 24 stories above the intersection of 13th Avenue and Broadway, where the Gulch, midtown Nashville (home to Vanderbilt University), and downtown Nashville submarkets meet. Marking the largest office project completed in the city in 2022, ONE 22 ONE incorporates 373,232 square feet of class A Nashville office space; nearly 17,000 square feet of retail space; and 13 stories of parking, offering 930 spaces.

Designed by architecture firm Gresham Smith, the property features an array of amenities, including: shared conference space dedicated to tenant use; a spa-quality fitness center with best-in-class equipment, fitness classes and locker rooms with showers; an indoor/outdoor tenant sky lounge with seating; outdoor green space for everyday use that includes games, a putting green, fire pits, Wi-Fi and a bar area; and a shaded amenity deck with high-end, luxury finishes that faces east and offers generous views of downtown.

ONE 22 ONE is LEED-certified and features individual HVAC systems on each floor; touchless technologies, such as keyless access to tenant suites and elevators; 24-hour, on-site security and concierge service; six high-speed, destination-dispatch elevators; floor plates of roughly 27,000 square feet; floor-to-ceiling windows; and ceiling heights that vary from 14’ on the typical floors to 16’ on the penthouse level and 18’ for amenity spaces.

Major tenants currently on the roster include national law firm Bradley Arant Boult Cummings LLP; the third-largest Tennessee-based bank, First Bank; and global management consulting company Slalom.

“ONE 22 ONE demonstrates that new, vintage, state-of-the-art office continues to outperform and drive tenant and capital demand,” said Matt Stewart, managing director of JLL’s Capital Markets group, who represented the borrower in the recapitalization negotiations. “We are pleased to have represented and advised GBT and Koch on this assignment, and a special thank you to the Canyon and JPM teams on their ability to navigate a challenging capital markets environment.”

“As Nashville continues to climb the ranks in growth and business demand, there is increasing appetite for well-located, modern office space in the market,” said George Tomlin, president and CEO of GBT. “We look forward to working with Canyon Partners and J.P. Morgan on the recapitalization of ONE 22 ONE, positioning the property to take advantage of rising demand and provide the workspaces and amenities that today’s companies are seeking in a post-pandemic environment.”

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