Amstar Sells Iconic Fifth Third Center Office Tower in Nashville, TN

Nashville,  TN  (June  20,  2014)  –  Amstar  today  announced  the  sale  of  the  iconic  Fifth  Third  Center,  a 490,000-square-foot class “A” office building located in downtown Nashville.  The buyer  and sale price was not disclosed.

Amstar acquired the Fifth Third Center office tower in 2006 and completed a comprehensive renovation program in 2007 including the lobby, outdoor plaza, and common area elevator lobbies. The property is 80% leased to notable tenants Fifth Third Bank, Loews Hotels, Sony/ATV Music Publishing, Deloitte LLP, and Adams and Reese.

Featuring a timeless  Kohn Pedersen Fox design, the 31-story Fifth Third Center was built in 1986 and features  an  elegant  two  story  lobby,  expansion  outdoor  plaza,  unimpeded  views  of  the  city,  valet parking,  and  popular  on-site  amenities  including  Starbucks  and  Jimmy  John’s.    The  building  is prominently situated in the center of downtown on Church Street at the intersection of 5th Avenue, an area with a growing urban amenity base. Michael McDonald of Eastdil Secured represented the seller in this transaction.

“Fifth Third Center represents the type of investment  Amstar seeks to make. We like to identify highquality,  well  located  properties  that  are  underutilized  and  make  them  better.   We  performed  an extensive  capital  improvement  campaign  during  our  ownership  and  as  a  result  we  stabilized  the property  with  a  host  of  high  quality  credit  tenants,”  remarked  Amstar  Senior  Vice  President  Della Wegman. “Fifth Third’s diversified rent roll epitomizes Nashville’s dynamic and flourishing economy.”

About Amstar

Established in 1987 and headquartered in Denver, Colorado, Amstar is a real estate investment manager
that acquires, develops and manages office, multifamily, retail, hotel and industrial properties in select
U.S. and international markets.   Originally formed to invest and manage the real estate allocation of a
large family office client, Amstar began expanding its capital strategy nearly a decade ago and has grown
to more than $2.5 billion in assets under management (as of March 31, 2014).   Today, Amstar is proud
to provide a high degree of focus and attention to its client relationships, counting among them leaders
in the private and institutional investment community.   Amstar’s clients originate from across the globe
and  include  U.S.  and  European  institutions,  insurance  companies,  private  banks,  funds  of  funds,  and
other family offices. For more information, visit www.amstar.com.