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Miami-based versatile workplace supplier Ampersand Studios has opened a 26,000-square-foot coworking location in Nashville, Tenn. The agency signed an 11-year lease with Northwood Buyers at 1030 Music Row in November 2022, the settlement being brokered by Colliers.
Ampersand will occupy the constructing’s second flooring. The placement will characteristic non-public places of work for groups between two and 25 members, together with artistic areas, corresponding to a content material room, a casting studio, a pictures studio, video manufacturing studios and manufacturing places of work. Elmington Capital is one other tenant on the property, in line with CommercialEdge knowledge.
Accomplished in 2022, the five-story property is Nashville’s first mass timber sustainable workplace constructing. It spans 126,000 sq. ft and options 26,000-square-foot floorplates. Northwood acquired the asset final yr for $55.2 million, the identical supply reveals. Positioned at 1030 sixteenth Ave. S. throughout the Music Row neighborhood, the constructing sits some 2 miles from downtown Nashville, in an Alternative Zone.
As of February, Nashville had 629,000 sq. ft of confirmed coworking house and 1.4 million sq. ft of allotted house throughout 69 areas, representing 2.4 p.c of the entire rentable workplace house, in line with a CommercialEdge market replace. Serendipity labs not too long ago expanded its footprint within the metro, opening a brand new 33,000-square-foot flex workplace location.
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