Northwood Investors acquires Fifth + Broadway in Nashville

Acquisition marks the company’s fifth asset in the Nashville market

NASHVILLE, Tenn., November 22, 2022 /PRNewswire/ — Global Real Estate Investment Company Northwood Investors LLC today announced its acquisition of Fifth + Broadway, a new 6.2-acre mixed-use outdoor center. The property was developed and operated by Brookfield Properties, which was completed in 2021. Northwood purchased the entire property, including its commercial district, 501 Trade office tower and The place residences, a subsidiary of Brookfield.

Fifth + Broadway epitomizes Nashville – a world-class generational asset that draws locals and tourists alike.

As Northwood expands its presence in Nashville with this popular entertainment complex, he looks forward to continuing Brookfield’s vision for the center. Northwood is well positioned to take the reins of project management with its vertically integrated platforms and experience in commercial and mixed-use assets. Most of the Fifth + Broadway management team have transitioned to Northwood and will continue in their current roles, bringing their strong experience and local knowledge to the property.

Northwood is already deeply involved in the Nashville market; this latest acquisition marks the fifth asset the company has invested in in the city. Other properties include The Conrad Hotel, View of the capital apartments, the McEwen Northside mixed center and Franklin Park office towers.

“We believe the energy and integration of Fifth + Broadway into the heart of downtown is unparalleled,” said the managing director of Northwood Investors. Erin Cannata. “As a mixed-use asset, all of its elements work together cohesively, and Brookfield has done a phenomenal job with its development. Our Northwood management team is thrilled to carry on the torch, to engage with the city and to partner with tenants like The National Museum of African American Music, AllianceBernstein, The Twelve Thirty Club, Assembly Food Hall and more.”

Located in the center of from Nashville A vibrant urban core, Fifth + Broadway is one of the largest single-phase mixed-use developments in the history of the city and state of Tennessee. The groundbreaking downtown project, which replaced the 6.2 acres Nashville Site of the Convention Center, offers 250,000 square feet of strategically selected retail and entertainment, the 56,000 square foot National Museum of African American Music, 367,000 square feet of Class A office space at 501 Commerce, 381 residential units at The Place at Fifth + Broadway and over 2,000 parking spaces. The project, which welcomes nearly five million annual visitors, was designed for a post-COVID-19 world with outdoor space, accessibility, safety and parking in mind.

“We feel Nashville is a high-growth market, which we have been monitoring since 2011,” said the President of Northwood Retail Kampf district. “It’s an ‘it’ city for business and entertainment and Fifth + Broadway epitomizes Nashville – a world-class generational asset that attracts locals and tourists alike. We believe the attention to detail, aesthetics and connectivity is unmatched, making it a transformational catalyst for the fabric of Lower Broadway.”

Northwood is committed to the city of Nashville, which it values ​​for its diverse economy, unique cultural authenticity, attractive cost of living and top-notch talent base, which have transformed the city into a 24/7 destination. The company looks forward to working with the city, its retail and office tenants, and the National Museum of African American Music as it evolves this asset, which blends seamlessly into the urban landscape and the cultural heart of Downtown Nashville.

“Fifth + Broadway is a growing mixed-use complex, and we are very proud of its development and success as a major destination and economic engine for Nashville,” said Burgin Dossett, vice president of development for Brookfield Properties. “While Brookfield has been successful in recapitalizing the asset in line with its overall investment strategy, we remain very interested in Nashville and excited about its future.”

Financing for this acquisition was provided by Pacific life.

For more information on Fifth + Broadway, visit

About Fifth + Broadway

Owned and operated by Northwood Investors, Fifth + Broadway is one of the largest single-phase mixed-use developments in the history of Nashville and the state of Tennessee. The downtown transformation project, which replaced the 6.2 acres Nashville The Convention Center site, offers 250,000 square feet of strategically important retail and entertainment, the 56,000 square foot National Museum of African American Music, 367,000 square feet of Class A office space at 501 Commerce (AllianceBernstein headquarters), 381 residential units at The Place at Fifth + Broadway, and over 2,000 parking spaces.

About Northwood Investors

Northwood Investors LLC is a privately held real estate private equity firm that owns and operates real estate in the United States and Europe. The company currently manages a portfolio of approximately $20 billion in the total gross value of the asset. Northwood’s flagship fund seeks to opportunistically acquire well-located real estate with a plan to create value through hands-on asset management. Northwood is vertically integrated with in-house operating teams in the office, multi-family, retail, hospitality and city logistics sectors. Please visit for more information.

About Northwood Retail

Northwood Retail LLC was formed by Northwood Investors, a privately held global real estate investment and management company. The platform currently leases, manages and markets a portfolio of community and mixed-use properties across United States with a concentration in Texas, Colorado, North Carolina, Tennesseeand California. Built on strong and fundamental real estate principles, Northwood Retail is focused on creating value in every project through a disciplined approach to leasing, development, property management and marketing. To learn more about the company and its unique properties, visit

About Pacific Life

For more than 150 years, Pacific Life has helped millions of individuals and families meet their financial needs through a wide range of life insurance, annuity and mutual fund products, and offers a variety of investment products and services for individuals, businesses and pension plans. plans. Whether your goal is to protect your loved ones or grow your assets for retirement, Pacific Life offers innovative products and services that deliver value and financial security to current and future generations. Pacific Life counts more than half of America’s 100 largest companies among its customers and was named one of the World’s Most Ethical Companies® in 2022 by the Ethisphere Institute. For more information about the company, including current financial strength ratings, visit

Pacific Life has a proven track record of providing debt and equity capital for the acquisition and development of select real estate properties. For more information about Pacific Life Real Estate Investments, please visit estateinvestment.

Pacific Life means Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Number of customers from June 2022 is compiled by Pacific Life using the 2022 FORTUNE 500® list.

Contact: Kwyn Johnson
Call: 406.314.5120



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SOURCE Northwood Retail