September 11, 2024
CoStar Group signs downtown lease in Capitol View, ditches suburban office
A real estate giant is ditching its suburban office and getting a new downtown address.
CoStar Group‘s STR has signed a 34,000-square-foot lease in a Capitol View office building, according to real estate sources.
CoStar Group Inc. (Nasdaq: CSGP) entered the local market when it acquired Hendersonville-based STR for $450 million in 2019. STR has operated out of its Hendersonville headquarters, located at 735 East Main St., since 2002.
STR, now CoStar’s analytics group, is moving into one of Boyle Investment Co.’s Capitol View buildings, located at 500 11th Ave. N., sources said. Other tenants in the building include the Nashville Chamber of Commerce, HealthStream and the Nashville Convention & Visitors Corp.
Jenna Muller, Kelly Sullivan and John Benziger of Cushman & Wakefield represented CoStar in the transaction.
STR, founded in 1985 as Smith Travel Research, aggregates data from more than 85,000 hotels worldwide, offering hotel brands and owners performance benchmark data. The company, led by Amanda Hite, has regional offices in Nashville, London and Singapore, according to its website.