Offices and studios of RCA Records in 1965.

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A Nashville music landmark will remain standing. The Nashville Scene says Middle Tennessee philanthropist and preservationist Aubrey Preston has been successful in purchasing 30 Music Square West, which is the home to the famed RCA Studio A. 

Preston agreed to pay $5.6 million for the property in September in a last-ditch effort to save the piece of Music City history. The sale was finalized Tuesday. Preston purchased the building from local developer Tim Reynolds, who planned to demolish the existing structure and rebuild. 

But Preston isn't the building's sole owner.  As soon as the sale was official, he announced that he had struck a deal to share ownership with record executive Mike Curb and another local businessman. 

Reynolds purchased the property just six months ago for just under $4.1 million. At the time he said he planned to "incorporate that studio and preserve it."  But Reynolds soon changed his tune, saying it was "not structurally or financially feasible" to renovate the building.  Preston then made his offer to buy 30 Music Square West, saying Studio A is "an absolutely essential part of the Music City brand that cannot be destroyed." 

And he's not alone in his feelings about the facility. Earlier this year Keith Urban wrote an editorial for the Nashville Tennessean about the need to preserve Music Row history.  Other stars, including Jamey Johnson, Paul McCartney, and Justin Timberlake, have also voiced their opposition to tearing down RCA Studio A. 

Photo: Getty Images