Vanderbilt University has acquired for $12.1 million the Sony Music Entertainment headquarters building on the southern fringe of Music Row.
The vintage masonry structure, located at 1400 18th Ave. S., has accommodated various uses since it opened in 1916, including a stint as a home for the impoverished.
The building, which sits on 2.7 acres across 18th Avenue from VU's Martha Rivers Ingram Commons, includes a parking structure with 222 parking spaces. Vanderbilt occupies 27,000 square feet of the building, while and Sony and its affiliates take space in the remainder. According to Vanderbilt, Sony will lease space from the university for the time being.
Sony is looking to leave the general Music Row area and, according to Nashville Business Journal, is eyeing the Gulch.
The seller was Nashville Property LLC.