The TGIF Fridays that has operated beside by the Tennessee Aquarium since 1993 has closed.
Jon Kinsey, managing partner of the retail portion of the building, said it was agreed that the lease be terminated.
He said the restaurant chain announced on Friday that it was moving toward having its units operated by franchisees.
Mr. Kinsey said an announcement of a new restaurant to take its place should be made in a couple of weeks.
He said, "Fridays has been a great tenant for a long time, but we are excited about what's coming up."