Adams and Reese Renews Lease in Downtown Nashville’s Fifth Third Center

NASHVILLE, TN - - November 18, 2009 - - Amstar Group, LLC is pleased to announce a two-floor lease renewal with Adams and Reese LLP on the 27th and 28th floors of the Fifth Third Center in downtown Nashville.  “We are delighted to have a firm as strong as Adams and Reese reaffirm its long-term commitment to the building”, said Della Wegman, Vice President of Amstar.  “We have made a considerable investment upgrading the exterior and interior common areas and mechanical systems of the building for the specific purpose of improving the experience our tenants have while occupying the building.  We hope our investment in the building was one of the reasons Adams and Reese decided to renew long term with us,” added Wegman. 

The Adams and Reese Nashville office is one of the firm's 10 offices in nine markets throughout the South Central United States and Washington DC, offering a wide range of services to clients throughout various regional footprints. For more information, please visit www.adamsandreese.com.

"We looked all over the region and concluded that downtown Nashville is where we want our firm to have a presence and where our clients want us to be," said Brad A. Lampley, Adams and Reese Nashville Office Partner in Charge. "We are pleased to make the commitment to downtown Nashville, the city's continued economic development, and its future as a business center."

In addition to the lease renewal, Lampley announced a complete renovation of the 27th and 28th floors in the Fifth Third Center, including internal stairwell, enlarged conference rooms, attorneys' lounge, and the addition of two outdoor terraces on the 27th floor, for hosting client events. 

 Located in the heart of downtown Nashville at 424 Church Street, the Fifth Third Center is a Class A, 490,000 square foot office tower that has a great past and an even greater future.  Designed by Eugene Kohn, principal of world-renowned architecture firm Kohn Peterson Fox, the Fifth Third Center has served as a signature landmark in the Nashville skyline for more than two decades. The ornate building includes a grand lobby and floor plates that create more corner offices than any other building in downtown Nashville.

David McRae with Newmark Knight Frank represented the tenant, Adams and Reese, while Buck Blair, Drew Robinson and Terry W. Smith, SIOR represented Amstar Group in the transaction.

 About Adams and Reese LLP: Adams and Reese LLP is a multidisciplinary, regional law firm with offices in Baton Rouge, LA; Birmingham, AL; Houston, TX; Jackson, MS; Memphis, TN; Mobile, AL; Nashville, TN; New Orleans, LA and Washington, D.C. American Lawyer Magazine recently named Adams and Reese to its distinguished list of the nation’s top 200 firms - “The Am Law 200.” The National Law Journal also lists the firm on the “NLJ 250” of the nation’s largest law firms.

 About Amstar Group: Established in 1987, Amstar Group is a leading real estate private equity firm headquartered in Denver. The company invests nationally in value-add acquisition and development opportunities, often with local partners. In its history Amstar has acquired, developed and sold more than $3.5 billion of real estate. Amstar’s current $2.0 billion portfolio includes a mix of office, multifamily and hospitality holdings in addition to a development pipeline of office, industrial, multifamily, mixed-use, and retail projects. The firm’s acquisition and disposition volume in 2006 exceeded $750 million.

 About Nashville Commercial I Cushman & Wakefield Alliance: Nashville Commercial | Cushman and Wakefield Alliance is a full-service commercial real estate firm specializing in office, industrial brokerage, property management, valuation services, as well as land and investment sales. The firm leases and/or manages 33 properties totaling approximately four million square feet of commercial property in Tennessee. Through its partnership with Cushman & Wakefield, Nashville Commercial provides its clients with real estate solutions globally while focusing on solutions for middle Tennessee, particularly Nashville, in addition to Knoxville and Chattanooga.

 About Newark Knight Frank: Newmark Knight Frank is one of the largest independent real estate service firms in the world. We provide comprehensive real estate solutions to many of the most prominent corporations, property owners, investors and developers across the globe.  In January of 2006, Newmark formed a partnership with London-based Knight Frank, forming Newmark Knight Frank, a global real estate consultancy with extensive worldwide capabilities and coverage throughout North America, Europe, Asia-Pacific, Latin America, Africa and the Middle East. The Newmark Knight Frank partnership now operates more than 200 offices in established and emerging property markets on six continents. With a staff of over 6,300 employees, we have created an effective global platform from which to serve the property needs of our growing list of clients.