Highwoods Properties has sold Bridgestone Tower, a 30-story, Class AA office building in Nashville, to Drawbridge Realty in a $255 million transaction. The 513,000-square-foot tower is fully leased and is expected to generate approximately $17 million in annual cash flow in 2026, underscoring the stability of its income profile at the time of sale. Eastdil Secured advised the seller on the deal.
The tower was developed as a build-to-suit for Bridgestone Americas and was delivered in 2017, positioning it among the newer generation of institutional-quality office assets in the city. The property remains fully leased to Bridgestone, the global tire and rubber company, which serves as the sole tenant in the building. This single-tenant structure provides clear visibility into the building’s cash flow and tenancy profile for the new owner.
Located in Nashville’s central business district, Bridgestone Tower sits within walking distance of several major downtown destinations, including Broadway, Bridgestone Arena, the Music City Center, and the Country Music Hall of Fame. The location embeds the asset within the core of Nashville’s commercial and entertainment activity, reinforcing its positioning as a prime urban office tower.
The acquisition of Bridgestone Tower adds a significant asset to Drawbridge Realty’s portfolio and extends the firm’s recent investment run. With this purchase, Drawbridge has acquired more than $740 million in assets over the past 12 months, totaling over 1.1 million square feet. The addition of a fully leased, modern headquarters-style tower aligns with that growth trajectory and further concentrates the firm’s holdings in high-quality, income-producing office properties.
For Highwoods Properties, the disposition of Bridgestone Tower represents the transfer of a stabilized, single-tenant asset in a prominent downtown location. The sale crystallizes value from a relatively new office development and shifts ownership of the building to a buyer that has been actively scaling its portfolio. The transaction highlights continued investor interest in well-leased, Class AA office assets with long-term corporate tenancy, even as broader office markets navigate evolving demand dynamics.
