Country music industry veteran Dale Morris owns the Midtown property that once housed his legendary recording studio The Tracking Room, which sold for $ 3 million.
The new owner is an LLC affiliated with local real estate investor Lance Bloom and other investors, apparently Charlie Jigarjian and Jonathan Krasner, co-owners of New York-based 7G Realty. Located at 2 Music circle E., the two-story property (pictured) was re-listed last November for $ 3.8 million, about a year after being taken off the market.
The follow-up room – which has hosted Chet Atkins, U2 and Donna Summer, among others – was initially listed in March 2019 for $ 4.1 million. Nate Green, executive vice president of Colliers International Nashville, represented the seller. Bloom, vice president of Colliers, was abroad and could not be reached for comment.
Of note, Bloom, Jigarjian and Krasner paid $ 2.4 million in March for a small Modernist commercial building next to the Tennessee-Avon Williams State University campus. The building is located at 901 Dr Martin L. King Jr. Blvd. (Charlotte Avenue) and is home to the local Farmington, Connecticut office, Otis Elevator Co. (Read more here.)
The current zoning of the newly acquired property allows for hotel, office and multi-family uses. The new owner, for example, could continue to operate the studio, renovate the 9,300 square foot building to create a “more suitable office / mixed-use space” or demolish and redevelop the site.
Morris acquired both the 0.4 acre property and business from renowned sound engineer Glenn Meadows for $ 300,000 in 1993.
Before going out of business, The Tracking Room billed itself as Nashville’s largest recording studio. Built in the mid-1990s by recording studio architect Tom Hidley, the space offers five isolation booths, including a reverb chamber called the âStone Roomâ which was frequently used for percussion. Each room has doors designed by NASA to eliminate sound leaks.
In addition to the aforementioned artists, Carole King, Steve Earle, Kris Kristofferson, Olivia Newton John and Taylor Swift are among the musicians who have recorded at the facility.