{"id":1004206186,"date":"2018-02-07T06:06:28","date_gmt":"2018-02-07T14:06:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004206186"},"modified":"2022-12-05T19:21:58","modified_gmt":"2022-12-06T03:21:58","slug":"highwoods-acquires-nashville-development-site","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/highwoods-acquires-nashville-development-site\/","title":{"rendered":"Highwoods Acquires Nashville Development Site"},"content":{"rendered":"

By Jeff Hamann<\/em><\/p>\n

\"The<\/a>

The Tennessean Headquarters, Nashville, Tenn.<\/p><\/div>\n

Highwoods Properties Inc. has purchased nine acres of land in Nashville, Tenn., for $50.3 million, financed by proceeds from 1031 tax-deferred transactions which occurred last year. On one 5.4-acre parcel, the REIT plans to break ground on a $252 million, 479,000-square-foot build-to-suit office development<\/a> for Asurion, a Nashville-based electronics insurer. The company will consolidate its four locations, spread across Nashville, into the new property.<\/p>\n

The project, anticipated to commence construction in the first quarter of 2019, will sit on the site of The Tennessean\u2019s current headquarters. Highwoods expects to complete the development by the third quarter of 2021. The newspaper is currently seeking new office space in the area, according to The Tennessean<\/em>.<\/p>\n

A central and accessible location<\/h2>\n

Located in central Nashville\u2019s Gulch district at the corner of 11th Avenue North and Broadway, the development site is situated two blocks from Interstate 40 and is a five-minute walk from the city\u2019s downtown. The project will consist of two seven- and eight-story buildings above a parking structure podium containing three above-ground and three subterranean levels. The property plans also include street-level retail.<\/p>\n

\u201cThis signature project, being designed by the very talented team at Hastings Architecture Associates, is intended to reflect Asurion\u2019s vision and forward-thinking culture, fostering collaboration and bringing many of its team members under one roof,\u201d<\/em> said Ed Fritsch, president & CEO of Highwoods Properties, in a prepared statement.<\/p>\n

Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The REIT is planning a build-to-suit project of nearly 500,000 square feet on the land and expects to break ground early next year.<\/p>\n","protected":false},"author":861,"featured_media":1004206187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,13,36077,21742,21747],"tags":[39055,37644,34210],"class_list":["post-1004206186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-midwest","category-nashville-knoxville","category-latest","category-office","tag-ed-fritsch","tag-hastings-architecture-associates","tag-highwoods-properties-inc"],"acf":[],"yoast_head":"\nHighwoods Acquires Nashville Development Site - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/highwoods-acquires-nashville-development-site\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Highwoods Acquires Nashville Development Site\" \/>\n<meta property=\"og:description\" content=\"The REIT is planning a build-to-suit project of nearly 500,000 square feet on the land and expects to break ground early next year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/highwoods-acquires-nashville-development-site\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-07T14:06:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T03:21:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/The-Tennessean-Headquarters.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-acquires-nashville-development-site\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-acquires-nashville-development-site\\\/\"},\"author\":{\"name\":\"Jeff Hamann\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9dada606742ec2aa010683bdabf468f4\"},\"headline\":\"Highwoods Acquires Nashville Development Site\",\"datePublished\":\"2018-02-07T14:06:28+00:00\",\"dateModified\":\"2022-12-06T03:21:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-acquires-nashville-development-site\\\/\"},\"wordCount\":252,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-acquires-nashville-development-site\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/02\\\/The-Tennessean-Headquarters.jpg\",\"keywords\":[\"Ed Fritsch\",\"Hastings Architecture Associates\",\"Highwoods Properties Inc.\"],\"articleSection\":[\"Deals\",\"Development\",\"Midwest\",\"Nashville - 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