Raymond James announced Wednesday it has signed a multi-year lease for 30,000 square feet in MarketStreet Enterprises' Gulch Crossing, giving the under-construction building a 60 percent leased mark.
The Class A building, which is set for a spring 2015 delivery, is now 60 percent leased, as Raymond James joins ESa, The Bank of Nashville and Cassidy Turley.
Located at 1033 Demonbreun Street, the building will be the first new Class A office building to begin construction in the urban core since 2007 and will include 205,000 square feet of office space, 19,000 square feet of retail and restaurant space, and a 750-space parking garage.
"Our branch’s financial advisors, support staff and our clients will be delighted with our move to the Gulch late next summer," said Bill Lynch, manager of the Raymond James’s retail office in the 2525 Building on West End Avenue. "For the roughly 30 private client group associates, as well as the 18-member team from Raymond James Investment Banking group and the two Equity Research associates who will all move with us, this new space could not be more welcome."
Jay Turner, managing director of MarketStreet, said the Raymond James move to the Gulch "reinforces the demand" for Class A office space in the mixed-used urban district.
"With 60 percent of Gulch Crossing's office space now leased, the Gulch is proving to be a preferred office destination in Nashville," Turner said. "Raymond James’ decision to relocate its West End location to the Gulch helps to shape the vibrant mixed-use environment we at MarketStreet first envisioned 15 years ago."
POSTDATA: WARRANTY DEEDS