CBRE Brokers Sale of Nashville's Moore Building to Shorenstein Investment Advisors
CBRE has brokered the sale of The Moore Building, a 245,826-square-foot trophy office tower at 827 19th Avenue South in Nashville, Tennessee, from Portman Holdings to Shorenstein Investment Advisors, the firms announced July 2, 2026.
CBRE's Patrick Gildea, Matt Smith, Roscoe High, JT Martin and Morgan Hillenmeyer represented Portman Holdings in the transaction. A separate CBRE Debt & Structured Finance team — comprising JP Cordeiro, Cliff Joyner and Mike Ryan — arranged acquisition financing for Shorenstein Investment Advisors. Financial terms of the sale were not disclosed.
About The Moore Building
Delivered in 2023, The Moore Building is a 16-story LEED-certified office tower situated in Nashville's Midtown district within the Music Row submarket. The property includes approximately 9,000 square feet of ground-floor retail space, an 11,000-square-foot indoor/outdoor amenity deck, a sky lobby and lounge, a fitness center, conference facilities and 596 parking spaces spread across above- and below-grade structured parking.
The building is named after Scotty Moore, Elvis Presley's longtime guitarist, and was developed on the site of Moore's former recording studio. Design elements throughout the property pay tribute to the location's musical heritage. Portman Holdings and Creed Investment Company co-developed the project, with Gresham Smith serving as architect and Gensler providing concept design for the exterior and interior office spaces.
The property is located steps from Vanderbilt University and Vanderbilt University Medical Center, and offers access to Downtown Nashville, The Gulch, West End and Green Hills.
A Supply-Constrained Submarket
The Moore Building sits within the Green Hills/21st Avenue/Music Row submarket, which CBRE describes as one of Nashville's most supply-constrained office districts. According to CBRE Research, the submarket recorded a vacancy rate of 10.2% in the first quarter of 2026 — significantly below the Nashville market average of 18.2% for the same period. Average asking rents in the submarket reached $42.61 per square foot in Q1 2026, and no office projects were under construction there as of the transaction date.
"The Moore Building represents one of the highest-quality office investment opportunities to trade in the Southeast in recent years," said Gildea, Vice Chairman and Co-Head of U.S. Office Capital Markets at CBRE. "The level of engagement we saw throughout the process reflects continued conviction in Nashville's long-term growth story and the city's top-tier office product."
Shorenstein's Perspective
Shorenstein is a privately owned investment adviser that, through affiliated entities, owns and operates office, residential and mixed-use properties across the United States, with offices in San Francisco and New York. Since 1992, Shorenstein and its affiliates have acquired $20.3 billion in assets, as of December 31, 2025. The firm's investment activity has spanned ground-up developments, asset repositioning, stabilized acquisitions, mezzanine loans, preferred equity investments and structured joint ventures.
"Nashville continues to be one of the most compelling office markets in the country, supported by strong demographic and investment trends, and the Moore Building is positioned to capitalize on this broader growth," said Claude Esposito, Senior Vice President, Investments Group at Shorenstein. "This transaction reflects our strategy of investing in best-in-class assets in submarkets with strong fundamentals, and we look forward to building on the property's momentum to drive long-term value for our tenants and investors."
CBRE Group, Inc. (NYSE: CBRE) is headquartered in Dallas and describes itself as the world's largest commercial real estate services and investment firm, with more than 155,000 employees serving clients in more than 100 countries.
Sources
CBRE Press Release: CBRE Facilitates Sale of Nashville's Landmark Moore Building (July 2, 2026)