Southeast Venture Leads On-time Project of 175,000 Square Foot Facility
NASHVILLE (May 14, 2012) – HealthSpring today announced the on-time completion of the second phase of its new MetroCenter campus located at 500 and 530 Great Circle Road in Nashville.
The two office buildings, totaling 175,000 square-feet, serve as the primary location for more than 1,050 of HealthSpring’s 3,600 employees, with future capacity for 1,260 employees. Prior to the completion of the new campus, which conveniently accommodates operations in one location, year-over-year growth had spread HealthSpring’s MetroCenter operations across three different buildings.
“The new building provides a light-filled, welcoming space that enhances productivity, allowing our valued employees to work comfortably as they serve the needs of our customers,” said Herb Fritch, president of HealthSpring. “The increased space has already contributed to job creation and we hope it continues to allow HealthSpring to support the growth of the local economy and the healthcare industry.”
HealthSpring has made more than 260 local hires since the first phase of the campus opened in August 2011. Additionally, building the site contributed to several construction-related jobs.
“Building each of the two offices employed approximately 125 people in the field in construction and other building-related jobs,” said Dean Taylor, Jr., owner of T.W. Frierson Contractor, Inc. “Additionally, every job in the field supported two jobs in the offices and shops of the contracted firms working on the project.”
The facility was developed and is owned by Southeast Venture, LLC and its co-investment partners. Southeast Venture’s in-house design services group served as architect and interior design firm for the project, and the firm’s property management arm will handle all day-to-day aspects of the property’s long-term operation and maintenance.
Cam Sorenson, principal of Southeast Venture, said, “MetroCenter is the most centrally located office park in Nashville and remains one of the most desirable locations for businesses. We’re happy to have worked with HealthSpring to create an accessible, inviting office space in a beautiful setting with plentiful free parking and a competitive rental rate.”
Integral partners in the HealthSpring development included T.W. Frierson Contractor, Inc. and Harvest Construction Company.
The project was constructed on 21.10 acres on Great Circle Road overlooking Amulet Lake. The one-story facility is located on a campus with ample green space and parking area. The two U-shaped buildings mirror each other, with a connecting courtyard in between that serves as an inviting public space where employees can gather for events, lunch or meetings.
Highlights of the HealthSpring campus include:
- Expansive wrap-around windows to provide ample natural light for all employees, not just those in offices, as in most office buildings
- Landscaped outdoor courtyard with sunken seating
- Multiple dining areas with café-like atmosphere
- Shared business amenities, such as training rooms and conference rooms, grouped in the center of each building, creating a ‘town center’ for the office ‘neighborhood’
With the HealthSpring building complete, just 53 acres of undeveloped land remain in MetroCenter, which is less than 10 percent of the business park’s total usable land of approximately 650 acres.
HealthSpring, a Cigna company, is one of the country’s leading health plans focused on delivering care to the senior population, predominately through Medicare Advantage and other Medicare and Medicaid products. Along with its companies Bravo Health and Leon Medical Centers Health Plans, HealthSpring serves more than one million customers in locations across the country. Based in Nashville, Tennessee, HealthSpring owns and operates health plans in Alabama, Delaware, Florida, Georgia, Illinois, Maryland, Mississippi, New Jersey, Pennsylvania, Tennessee, Texas, West Virginia and Washington, D.C. HealthSpring also offers a stand-alone prescription drug plan. For more information, visit www.healthspring.com.
About Southeast Venture:
Founded in 1981, Southeast Venture is a diversified commercial real estate and design services company guided by a mission of “Building Value by Valuing Relationships.” The firm provides and coordinates the delivery of brokerage, development, architectural and interior design, property management and landscaping services. This unique, comprehensive approach to commercial real estate offers a cost effective and efficient way of meeting its clients’ commercial real estate needs. For more information, visit www.southeastventure.com.
Jeff Bradford/Erin Gagnon