JLL’s Capital Markets group has arranged $310 million in bridge financing for Peabody Union, a 665,000-square-foot mixed-use development along the banks of the Cumberland River in downtown Nashville’s South Bank district.
JLL worked exclusively on behalf of the borrower, a joint venture between PGIM and Stiles | Hensler, to secure the three-year bridge loan with two one-year extension options through Blackstone Real Estate Debt Strategies.
Completed in 2025, Peabody Union comprises a 27-story, 355-unit luxury residential tower, 249,988 square feet of class A office space and 52,735 square feet of curated experiential retail and restaurant space.
The office component at 50 Peabody is a trophy-quality asset 100 percent leased to Starbucks Corp., which will take occupancy in 2027 as its eastern headquarters. The building offers an amenity package, including two 2,000-square-foot outdoor terraces on the sixth floor, a 4,500-square-foot state-of-the-art we
