Another tenant is leaving The Pinnacle at Symphony Place to move to Nashville Yards.
Professional services firm PricewaterhouseCoopers (PwC) is moving its local office to the Nashville Yards development, according to a PwC spokesperson.
The white-collar firm is following current Pinnacle at Symphony Place tenants Pinnacle Financial Partners and law firm Bass, Berry & Sims PLC in the move to the 19-acre development and has signed a 30,119-square-foot lease in the future Pinnacle tower.
“The brand-new office will reflect the firm’s updated ways of working and put our people, clients and community experience first. In the past few years, PwC Nashville has nearly doubled our headcount, which sparked the need to move and assess how we use space,” a PwC spokesperson told the Business Journal.
PwC signed a 10-year lease for 10,750 square feet at the Pinnacle at Symphony Place in 2014. Development firm Highwoods Properties, based in North Carolina, paid $153 million in September 2013 to buy the Pinnacle tower. At the time it was signed, PwC’s lease marked a milestone for the SoBro tower of being effectively full.
The firm is nearly tripling its local office footprint with the move to Nashville Yards and will occupy the entire 19th floor of the under-construction tower. PwC employees will move into the new office in early 2025.
In 2021, Pinnacle (Nasdaq: PNFP) and Bass, Berry & Sims, Symphony Place’s two largest tenants, announced they were leaving the SoBro office tower and relocating their headquarters to Nashville Yards.
Pinnacle’s move marked the end of an era for the bank, which signed a 65,000-square-foot lease at The Pinnacle at Symphony Place in mid-2007 and moved in when the tower opened in late 2009.
Southwest Value Partners, led by Cary Mack, is the development firm bringing Nashville Yards to life. The 19-acre development at the entryway to downtown Music City includes two Amazon towers, the Grand Hyatt, the Union Station hotel, a future entertainment district and more. The project’s total price tag is estimated to exceed $1 billion.
“PwC is known for its excellence and innovation, and we are excited to welcome them to Nashville Yards. They fit perfectly with the other high quality, global brands that will soon call Nashville Yards home,” Mack said in an emailed statement to the Business Journal.
Nashville Yards will complete construction on the future Pinnacle tower, which stands 35 stories tall, later this year and will welcome workers into the tower in January 2025.
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