A building developed in Nashville, Tennessee, by Hall Emery, the Nashville real estate arm of Oklahoma City-based Hall Capital, has been sold for $78.5 million.

The building, known as “18th & Chet” on Nashville’s Music Row, commanded a price equivalent to $577 per square foot, one of the highest in an office building transaction in Nashville’s history and above replacement cost for a Class A office building in the city, Hall Capital said in a release.

The purchaser was AEW Capital Management.

“This was an exciting project for us; we’re very proud of how 18th & Chet raised the bar in Nashville,” Hall Capital Chairman and Chief Executive Officer Fred J. Hall said.

Hall said the company is anticipating the sale of yet another building it has currently in development in Nashville known as “17th & Grand.”

Hall Capital is a family-owned private investment company with offices in Oklahoma City, Tulsa, Nashville, Chicago and Dallas.

The “18th & Chet” development opened in 2019 featuring 136,000 square feet of office space, the company said.

Hall Capital is known in Oklahoma City for its development of East Wharf and the West Village, 21c Museum Hotel and other initiatives. The firm’s real estate portfolio includes holdings in Oklahoma, Tennessee, Georgia, Florida, Texas, Alabama and South Carolina. In 2019, it launched a $75 million acquisition fund.

In complement to the 18th & Chet project in Nashville, the company and Hall Emery are constructing “17th & Grand” as a similar building also on Music Row.

Led by Fred Hall, Kirkland Hall, and Brooks “Boots” Hall Jr., Hall Capital identifies as a company of diversified interests focused on automotive, real estate and private investment. According to the release, the company also maintains a legacy of service to the Oklahoma City community through the Fred Jones Family Foundation.