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David Atchison and Brian Casey of Colliers International | Nashville represented LifeWay in the deal.
At that time, and after an April feasibility study, LifeWay officials told theÂ
Post the company was exploring multiple options, including leasing several floors to other organizations, selling the building and leasing back its office space, or selling the building and moving to another location.
LifeWay President and CEO Ben Mandrell said last year that he and other LifeWay leaders have been looking at options for their headquarters since summer 2019, well before COVID-19 hit.
A study completed before the pandemic showed Lifeway was using the building at only 60 percent occupancy on a daily basis, he said.
Rubicon and Meritage Group Purchase Downtown Nashville Class A Office Building
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NASHVILLE, Tenn., May 13, 2021 /PRNewswire/ Rubicon Equities, a Nashville based real estate investment firm, and Meritage Group LP, a private investment firm, announced the acquisition of Capitol View Plaza, a Class A Office building located at 1 Lifeway Plaza in downtown Nashville s Gulch neighborhood.
Capitol View Plaza was built in 2017 with best-in-class building amenities, versatile and efficient floor plates, and an award-winning design. The former Lifeway Headquarters property is located within the 32-acre Capitol View master planned community, offering tenants a walkable live-work-play experience as well as immediate access to downtown Nashville.
The prospective buyer, a transaction date and the eventual sale price were not disclosed in a release.
Relatedly, the company continues to look for an alternative workspace to the approximately 279,770-square-foot nine-story tower, located at
In August and after an April feasibility study, LifeWay officials told the Post the company was exploring multiple options, including leasing several floors to other organizations, selling the building and leasing back its office space, or selling the building and moving to another location.
The release notes Lifeway will continue to occupy a portion of the North Gulch building over the near term until it determines a location for its new headquarters.