JLL arranges $310 Million financing for landmark riverfront mixed-use development in Nashville
United States, Nov. 4 -- JLL's Capital Markets group announced that it has arranged $310 million in bridge financing for Peabody Union, a landmark, 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 ("BREDS").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 i...
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