GBT Realty Corp. and Koch Real Estate Investments JV secures $175m for recapitalization of Nashville office tower

A joint venture between GBT Realty Corporation and Koch Real Estate Investments has secured a $174.6 million senior construction loan for the recapitalization of One22One, a recently completed trophy office tower in Nashville. Canyon Partners Real Estate and J.P. Morgan co-originated the loan for the borrower and JLL’s Capital Markets group represented and advised the borrower.

One22One is a class A, 24-story office building with 373,232 square feet of office space, 16,938 square feet of retail space and 13 stories of parking totaling 930 spaces. The state-of-the-art tower has a wide range of amenities, including a conference center, outdoor terrace overlooking downtown Nashville, tenant lounge, port cochere and fitness center. The property features various post-pandemic safety features, including individual HVAC systems on each floor to enhance quality air circulation, and touchless technologies such as keyless access to tenant suites and elevators.

“As Nashville