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JPMorgan Chase & Co. is consolidating its workforce into a new space at Broadwest, a 600,000-square-foot mixed-use project in Nashville.  The Nashville Business Journal reports that the 51,000-square-foot space will include a new client center with twice the capacity of its current space, flexible workspaces, access to on-site amenities, and capacity for up to 280 employees across two floors, with room for continued growth. The new space will be open to JPMorgan Chase employees starting in early 2028.

The office will feature J.P. Morgan signage at the top of a Nashville building for the first time.

Brie Bley of CBRE represented JPMorganChase and Bill Adair and Ashley Marshall represented Propst Companies in the transaction.

Opening in 2021, the Broadwest development also includes a 34-story condo tower, the 234-room Conrad Nashville hotel and 125,000 square feet of retail and restaurant space.

The bank has 500 employees across the state, with nearly 400 employees in the Greater Nashville area.

Naftali Credit Partners and J.P. Morgan provided a short-term bridge loan of $120 million to Tidal Real Estate Partners. The loan finances 1111 Church Street, a 25-story luxury multifamily and retail development in Nashville.  

The $120 million loan, consisting of a senior loan from J.P. Morgan and a mezzanine loan from Naftali Credit Partners, will be used to refinance the existing construction loan and provide bridge financing to a sale or permanent financing.

Located in the North Gulch neighborhood of Downtown Nashville, 1111 Church Street features 380 rental units ranging from studios to two-bedroom residences. It also features over 52,000 square feet of indoor and outdoor lifestyle amenities, dedicated parking, and over 45,000 square feet of retail space. 

Naftali Credit Partners says it lends on projects requiring flexible capital in illiquid market segments that traditional banks are less likely to finance due to increased regulation, transaction complexity or execution requirements better suited for an integrated real estate firm.

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