SANTA ANA, Calif.--(BUSINESS WIRE)--Daymark Realty Advisors (“Daymark”) today announced a new 100,000 square-foot, 12.5-year lease agreement, with leading financial institution, Regions Bank (NYSE: RF) at One Nashville Place in Nashville, TN. This location will house approximately 225 employees and serve as the headquarters location for the company's Mid-America region and Middle Tennessee Area.
Daymark manages One Nashville Place, a 37-story, Class A office tower, located in the heart of Nashville’s Downtown Business District, on behalf of an investment group comprised of individual owners.
Headquartered in Birmingham, AL, Regions Bank offers a full range of banking services, with locations throughout 16 states. “We developed a great working relationship with the Regions Bank team during lease negotiations and achieved an agreement that will benefit both parties for many years to come.” said Mike Waddell, executive vice president, asset management, for Daymark. “We could not be more pleased to have a firm of Regions’ sound reputation and high caliber business joining the One Nashville Place community and are appreciative of the valuable feedback from the ownership group during this critical process.”
The prominent One Nashville building offers approximately 393,000 square feet of rentable space and features numerous on-site amenities, including a conference center, branch bank, ATM, restaurant and a six-level parking garage. Other tenants of One Nashville Place include Merrill Lynch, Ernst & Young, National Association of State Boards of Accountancy (“NASBA”), and IBM.
With the new Regions Bank lease in place, One Nashville Place is over 99 percent leased.
About Daymark Realty Advisors, Inc.
Daymark Realty Advisors, Inc. is one of the country’s leading providers of strategic asset management and structured finance services to private and institutional owners of commercial real estate. Daymark provides a fully integrated platform of services that focus on maximizing property value and performance, and offers proven expertise in the repositioning of distressed assets, debt restructuring and property recapitalizations. For more information, visit www.DaymarkRealtyAdvisors.com or contact Jennifer Cho at (714) 975-2367.
In 2011, Daymark was acquired by Sovereign Capital Management Group. Sovereign Capital is a San Diego-based real estate company with an established history of successful commercial property acquisition and management. Over the past ten years, Sovereign has assisted more than 1,500 TIC and other retail investors with the restructuring of assets negatively impacted by economic changes. For more information regarding Sovereign, visit www.sovcapital.com or contact Stephanie Ferran at (619) 294-8989.