Crye-Leike, REALTORS Associate Dianne Patton represents seller of Historic Recording Studio Purchased in Nashville

As reported by Laura Pyle lpyle@costar.com, CoStar GROUP Real Estate Information, www.costar.com

 

Pegula Limited Partnership has purchased 12 Music Circle South, a historic music studio built by Roy Orbison in Nashville for $2.05 million, or approximately $213 per square foot.

 

The two-story, 9,627-square-foot building was constructed in 1970 and is located in the Green Hills/Music Row submarket. The studio was purchased years ago and renovated by country singer Ronnie Milsap.

 

Named “Ronnie’s Place” in honor of Milsap, the buyer, an entity of music industry veteran Raymond Termini, plans to use the property as recording space for new record label Black River Music Group.

 

The seller, 12 Music Circle S LLC, was represented by Dianne Patton of Crye-Leike Realtors. Donna Baumgartner of Keller Williams represented the buyer.

 

Please refer to CoStar COMPS #1495968 for more information on this transaction.