Global investment manager

Global Investment Manager Plans Office in Nashville | Finance

Blackstone Inc., the New York-based global financial titan, will establish an office in Nashville – with future space to join eight other company locations in the United States

Under a Metro permit, the alternative investment management firm will occupy space in Midtown’s Broadwest office tower.

The permit says Manhattan-based Ted Moudis Associates will handle the interior design of the office, which will be located on the 13th floor of the tower and offer approximately 2,830 square feet. The permit is valued at approximately $560,370. Broadwest’s general address is 1600 West End Ave.

It should be noted that Blackstone operates a small temporary space in Nashville.

Blackstone officials declined to comment.

The US city with a Blackstone office and located near Nashville is Baltimore, according to the company’s website. This will be Blackstone’s second office located in the Southeast, joining an outpost in Miami. Founded in 1985, Blackstone also offers seven European offices and nine locations in Asia, the website notes.

Blackstone owns various properties in Nashville. In December 2021, the company acquired the downtown building housing a Courtyard by Marriott hotel for approximately $99.61 million – reportedly a record per room at the time (read here).

And in November 2020, Blackstone paid $105 million for the North Capitol Broadstone Stockyards apartment complex (read here).

At the end of June, Blackstone’s total assets under management stood at around $941 billion, according to a company report. The company works in the private equity, real estate, insurance and life sciences sectors, among others.

The 21-story Broadwest office tower houses, or will eventually house, ServisFirst Bank, Cumberland Pharmaceuticals, LP Building Solutions, private equity firm Short Capital Partners and finance firm Robert W. Baird.

Huntsville-based Propst owns and developed the site with Broadwest. The second tower offers a Hilton Conrad hotel and upscale condominiums.