SESAC Plans $20 Million Building
SESAC is building a new $20 million home on Music Row. The 110,000-square-foot space will be located at 35, 37, 39 and 41 Music Sq. E., reports the Tennessean. Groundbreaking could take place in the next two months. SESAC is expected to use about 35,000 square feet of the complex and lease the remainder. Completion is scheduled for 2015.
The properties on Music Sq. E. were purchased from The BBR Music Group owner Benny Brown and his wife Carolyn for $3.5 million according to reports. In turn, the Browns bought a 25,000-square-foot property at 65 Music Sq. W., formerly home to Sony/ATV’s administration division, for $4.1 million and will move BBR operations there.
The admin arm of Sony/ATV recently moved downtown to the Fifth Third Center at 424 Church Street. Sony/ATV’s creative division remains at 8 Music Sq. W.
SESAC is currently in two buildings at 55 Music Sq. E and 66 Music Square W.
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