An entity affiliated with New York-based Morris Weintraub Associates has purchased the historic Lower Broadway building home to Merchants for about $12.6 million, Nashville Business Journal reports.
The seller was Tower 401 Broadway LLC, with the address the same from which the LLC derives its name.
kAm%96 24BF:D:E:@? AC:46 :D E96 6BF:G2=6?E @7 23@FE Sf`d A6C 7@@E[ C2?<:?8 2>@?8 E96 9:896C DF49 7:8FC6D 6G6C J:6=565 :? 2 =@42= C62= 6DE2E6 EC2?D24E:@?[ 244@C5:?8 E@ }qy]k^Am
kAm~7 ?@E6[ E96 AC@A6CEJ WA:4EFC65X 925 366? 7@C D2=6 D:?46 =2E6 a_`e 2?5 D2H[ :? >:5\a_`g[ 2 C65F4E:@? :? E96 2D<:?8 AC:46 2?5 2 492?86 :? =:DE:?8 3C@<6CD]k^Am
kAm%@H6C c_` qC@25H2J @C:8:?2==J H2D 2D<:?8[ G:2 t= $68F?5@[ r2=:7@C?:2\32D65 |2EE96HD #62= tDE2E6 x?G6DE>6?E $6CG:46D[ S`d]d >:==:@? 7@C E96 3F:=5:?8[ H9:49 @A6?65 :? `gha] %96 =:DE:?8 AC:46 5C@AA65 E@ S`c]d >:==:@?[ H:E9 E96 {{r 92G:?8 6?=:DE65 E96 }6H *@C< @77:46 @7 |2C4FD U2>Aj |:==:492A E@ 92?5=6 >2C<6E:?8]k^Am
kAm|6C492?ED[ @H?65 2?5 @A6C2E65 3J }2D9G:==6\32D65 $EC2E68:4 w@DA:E2=:EJ W=65 3J q6?;2>:? v@=536C8 2?5 |2I v@=536C8X[ :D E96 3F:=5:?8UCDBF@jD D@=6 E6?2?E] xE 92D 2 =@?8\E6C> =62D6[ 244@C5:?8 E@ 2 k2 9C67lQ9EEAi^^=@@A?6E]4@>Qm=@@A?6E]4@>k^2m =:DE:?8]k^Am
kAm%@H6C 24BF:C65 E96 AC@A6CEJ :? y2?F2CJ a__e 7@C Sa]`ad >:==:@?[ 244@C5:?8 E@ |6EC@ C64@C5D] %96 3F:=5:?8 DA2?D `f[f__ DBF2C6 766E 2?5 D:ED @? _]`` 24C6D]k^Am
kAmkDEC@?8m'2?56C3:=E 3F:=5:?8 =2?5D 8@=5 {tts C2?<:?8k^DEC@?8mk^Am
kAm%96 '2?56C3:=E &?:G6CD:EJ t?8:?66C:?8 2?5 $4:6?46 qF:=5:?8 92D =2?565 8@=5 {tts DE2EFD 3J E96 &]$] vC66? qF:=5:?8 r@F?4:=]k^Am
kAm%96 D6G6?\DE@CJ 3F:=5:?8 7C@?ED kDEC@?8mk2 E2C86ElQ03=2?<Q 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^obe]`caf`hg[\ge]g_ef`ba[b2[fdJ[ea]d9[`_b]hE^52E2lPb>eP`6`Pb>cP`DCa&3>0zHgt|4AH3u$`G%*HPa6_Pf:`bb`aPg:eedeQmadE9 pG6?F6 24C@DD 7C@> w2H<:?D u:6=5k^2mk^DEC@?8m 2?5 :?4@CA@C2E6D 6=6>6?ED @7 3@E9 EC25:E:@?2= 2?5 4@?E6>A@C2CJ 2C49:E64EFC6]k^Am
kAm{tts W{6256CD9:A :? t?6C8J 2?5 t?G:C@?>6?E2= s6D:8?X DE2EFD :D E96 C2E:?8 DJDE6> FD65 E@ C2?< 3F:=5:?8D 32D65 @? 6?G:C@?>6?E2= 2?5 4@DE\D2G:?8 8C66? 762EFC6D]k^Am
kAm~7 ?@E6[ ca EC66D E92E H6C6 76==65 @? E96 D:E6 H6C6 C64J4=65 :?E@ A2?6=:?8 2?5 EC:> 7@C E96 3F:=5:?8] %96 AC:46 E28 H2D 23@FE S`_h >:==:@?]k^Am
kAm“#646:G:?8 8@=5 DE2EFD D9@HD H6 2C6 @? E96 C:89E A2E9 H96? H6 42CCJ @FE 3F:=5:?8 2?5 C6?@G2E:?8 @? 42>AFD[” |:<6 !6C6K[ '& 2DD@4:2E6 G:46 492?46==@C @7 25>:?:DEC2E:@? 7@C 724:=:E:6D[ D2:5 :? 2 C6=62D6] “|2<:?8 DFC6 H6 2C6 2AAC@249:?8 E96D6 AC@;64ED H:E9 =@?8\E6C> DFDE2:?23:=:EJ :? >:?5 92D 366? 2 D:8?:7:42?E D9:7E D:?46 E96 =2F?49 @7 uFEFC6'&]”k^Am
kAm%96 3F:=5:?8 :?4=F56D =23@C2E@C:6D[ 4=2DDC@@>D 2?5 2 DE2E6\@7\E96\2CE 4=62?C@@> E92E 9@FD6D 3@E9 724F=EJ 2?5 DEF56?E =62C?:?8 2?5 :??@G2E:@?] xED =:89E:?8 D2G6D 6?6C8J E9C@F89 {ts 3F=3D 2D H6== 2D @44FA2?4J D6?D@CD 2==@H:?8 =:89ED E@ 36 @77 6I46AE H96C6 A6@A=6 2C6 H@C<:?8]k^Am
kAmr=2C< r@?DECF4E:@? D6CG65 2D 86?6C2= 4@?EC24E@C]k^Am
kAmkDEC@?8mk^Am
kAm|:EDF3:D9: E@ :?G6DE :? |:5E@H? AC@;64Ek^DEC@?8mk^Am
kAm%96 C62= 6DE2E6 :?G6DE>6?E H:?8 @7 y2A2?\32D65 |:EDF3:D9: r@CA] :D 2? :?G6DE@C :? E96 =@@>:?8 56G6=@A>6?E @7 2 |:5E@H? D:E6 H:E9 2 ad\DE@CJ >:I65\FD65 3F:=5:?8[ }2D9G:==6 qFD:?6DD y@FC?2= C6A@CED]k^Am
kAm(:E9 255C6DD6D @7 kDEC@?8mk2 E2C86ElQ03=2?<Q 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^A=246^a_`_Z(6DEZt?5ZpG6[Z}2D9G:==6[Z%}Zbfa_b^obe]`d`_g_c[\ge]g_af`e`[`fK^52E2lPb>`Pc3`Pc>dPb>cP`D_Iggeceehd4d5h7_cbi_Ic54e_bgch44ebb7hPg>aPb5be]`d`_fe`Pc5\ge]g__daa`Qma__c\a_`a (6DE t?5 pG6]k^2mk^DEC@?8m[ E96 AC@A6CE:6D C646?E=J D@=5 7@C S`_]b >:==:@?[ }qy C6A@CED[ 4:E:?8 |6EC@ C64@C5D]k^Am
kAm%96 562= 7@==@HD E96 |6EC@ r@F?4:= 92G:?8 C646?E=J 2AAC@G65 2 C6K@?:?8 E@ 2==@H 4@?DECF4E:@? @7 E96 3F:=5:?8[ E@ C:D6 ?6IE E@ 3@FE:BF6 9@E6= vC25F2E6 }2D9G:==6 WH9:49 :D F?56C 4@?DECF4E:@?X 2?5 24C@DD 7C@> E96 r2E965C2= @7 E96 x?42C?2E:@?]k^Am
kAm%96 kDEC@?8mk2 E2C86ElQ03=2?<Q 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^2CE:4=6^a`_bhe`e^>6EC@\4@F?4:=\@<D\>:5E@H?\E@H6C\6J65\7@C\H6DE\6?5Qm4@F?4:= 2AAC@G2=k^2mk^DEC@?8m 42>6 2D E96 $4@EED52=6[ pC:K@?2\32D65 r=6G6=2?5 pDD@4:2E6D {! U2>Aj }@C5>2? pDD@4:2E6D[ H9:49 @H? E96 _]c`\24C6 D:E6[ H:E95C6H 2 C6K@?:?8 C6BF6DE E92E[ H6C6 :E 2AAC@G65[ H@F=5 92G6 2==@H65 D9@CE\E6C>D C6?E2=D :? E96 be_\F?:E 3F:=5:?8]k^Am
kAmr=6G6=2?5 pDD@4:2E6D :D 277:=:2E65 H:E9 r9:428@\32D65 56G6=@A6C r=2C< $EC66E w@=5:?8D {{r] ~7 }@E6[ E96 4@>A2?J 24BF:C65 !2=>6C !=2K2 :? |:5E@H?[ =@42E65 @?=J EH@ 3=@4<D E@ E96 62DE @7 E96 D:E6[ :? |2C49 a_`d 7@C Sd_ >:==:@?] rp '6?EFC6D 92D 366? 4C62E65 E@ 92?5=6 E96 AC@;64E 2?5 4C62E65 s#x^rp }2D9G:==6 {{r 7@C E96 >@DE C646?E AFC492D6[ E96 a__c (6DE t?5 pG6] A2C46= =2DE 9@>6 E@ 2 %24@ q6== 3F:=5:?8 2?5 D@=5 3J vC25F2E6 }2D9G:==6 %#$]k^Am
kAm~? E96 a_`_ D:E6 D:ED 2? 6>AEJ 3F:=5:?8 AC6G:@FD=J @44FA:65 3J y24< :? E96 q@I] %92E DECF4EFC6 H:== ?665 C2K:?8 E@ 244@>>@52E6 E96 E@H6C] x? 255:E:@? E@ be_ C6?E2= 2A2CE>6?ED[ E96 9:89\C:D6 H:== @776C 2 82C286 H:E9 ca_ A2C<:?8 DA246D 2?5 8C@F?5\=6G6= C6E2:= DA246 DA2??:?8 e[d__ DBF2C6 766E]k^Am
kAm%@ E96 62DE @7 E96 A2C46= D=2E65 7@C E96 ad\DE@CJ E@H6C :D E96 27@C6>6?E:@?65 `a\DE@CJ[ a_b\C@@> vC25F2E6 9@E6=[ H9:49 925 366? D4965F=65 E@ @A6? :? E96 72==]k^Am
kAmkDEC@?8m~A6?5@@C >2<6D AC@8C6DD D:?46 >:5\a_`g =2F?49:?8k^DEC@?8mk^Am
kAm~A6?5@@C[ E96 $2? uC2?4:D@\32D65 C6D:56?E:2= C62= 6DE2E6 4@>A2?J E92E 3FJD 9@FD6D 7C@> D6==6CD D66<:?8 2 BF:4< 2?5 677:4:6?E EC2?D24E:@?[ 92D >256 D@>6 AC@8C6DD D:?46 =2F?49:?8 :? }2D9G:==6 =2DE |2J]k^Am
kAmp44@C5:?8 E@ 2 C6=62D6[ ~A6?5@@C 92D D42=65 E96 =@42= E62> E@ a_ 6>A=@J66Dj :?7FD65 >@C6 E92? Sa >:==:@? :?E@ E96 }2D9G:==6 D>2== 3FD:?6DD 4@>>F?:EJ E9C@F89 :ED H@C< H:E9 =@42= 4@?EC24E@CD 2?5 EC256DA6@A=6j 8C@H? >2C<6E D92C6 E@ ?62C=J a A6C46?Ej 2?5 92D A2:5 =@42= 286?ED >@C6 E92? Sc__[___ @? 4@>>:DD:@?]k^Am
kAm':2 ~A6?5@@C[ 2?5 :? D:>A=6 E6C>D[ H96? 2 A6CD@? D6==D 2 9@>6 E@ ~A6?5@@C[ E92E D6==6C A2JD 96C^9:D 286?EVD 4@>>:DD:@?] |F49 =:<6 H:E9 2 A6CD@? D6==:?8 :? 2 4@?G6?E:@?2= >2??6C[ E96 D6==6C 2?5 E96 286?E 92G6 2? 28C66>6?E] p?5 E92E DE2JD :? A=246 C682C5=6DD @7 E96 A6CD@? D6==:?8 E@ ~A6?5@@C @C D6==:?8 @? E96 @A6? >2C<6E]k^Am
kAm(96? D@>6@?6 :D H@C<:?8 H:E9 2? 286?E 2?5 3FJD 2? ~A6?5@@C 9@>6[ :? 4@?EC2DE[ ~A6?5@@C A2JD E96 286?EVD 4@>>:DD:@?]k^Am
kAmk^Am
kAm~A6?5@@C H:== D@@? 92G6 D@>6 4@>A6E:E:@? =@42==J 2D +:==@H w@>6D — H9:49 56A=@JD 2 D@>6H92E D:>:=2C >@56= — :D D6E E@ 6?E6C E96 >2C<6E]k^Am
kAmk^Am

