CMT Building Sells For $11.2 Million

Commerce Street Nashville Partnership, has acquired the building that houses the Country Music Television headquarters, located at 330 Commerce Street. The location has sold for $11.2 million, according to The Tennessean. The four-story building boasts 114,038 square feet.
The building went on the market in January 2013; CMT renewed its lease on 86,000 square feet of space for an additional seven years. The network invested more than $20 million in the space over the past 10 years. The seller of the building is the Atlanta-based Wells Real Estate Funds, which paid nearly $13.8 million for the location in 2007.
The property listing included four stories of office space and two levels of parking; it does not include an additional seven levels of parking and the ground-level retail space.

Also housed in the building is the Tennessee Information Consortium, which leases more than 11,000 square feet.

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Jessica Nicholson

Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at jnicholson@musicrow.com.

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