Southeast Venture Developing Phase II of HealthSpring MetroCenter Complex
FOR IMMEDIATE RELEASE
NASHVILLE, Tenn. (June 21, 2011) – HealthSpring, a leading Medicare Advantage plan, today announced that the company has executed a lease for Phase II of its MetroCenter office campus being developed by Southeast Venture, LLC.
The 75,000-square-feet, one-story building at 530 Great Circle Road will be built under the terms of the existing long-term commitment HealthSpring signed in 2010, and is where the company plans to consolidate employees from two of the three buildings the company currently occupies in MetroCenter. Southeast Venture broke ground on Phase I of development in September 2010.
“Consolidating our operations into one campus will help our employees interact more efficiently and improve our ability to serve our existing and future Medicare members,” said Mark Tulloch, chief operating officer for HealthSpring. “We are excited to move forward on Phase II this project.”
Phases I and II of the project total 175,000-square-feet of office space and 997 parking spaces. The development sits on 21.10 acres overlooking Amulet Lake.
“We’re pleased that the expanded space will enable us to maintain the hundreds of jobs we have in middle Tennessee,” HealthSpring President Mike Mirt said. “This new space is well-suited to accommodate our staff as they work to serve the needs of our growing membership while allowing room for future company growth. It is a step in the right direction for HealthSpring, our employees and our members.”
Phase II construction will be designed for general office use. The building will be a mirror image of Phase I. A connecting courtyard between the two buildings will serve as an inviting public space where employees can gather for lunch and meetings
“Phase I of development is slated to be complete in July, with Phase II construction completing May 2012,” said Cam Sorenson, Southeast Venture principal in charge of the HealthSpring project. “Once finished, less than 50 acres of MetroCenter’s 650 total usable acreage will remain undeveloped.”
The project will be developed and owned by Southeast Venture and its co-investment partners. Southeast Venture’s in-house architecture and interior design group provided the design 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.
“With the completion of this project, Southeast Venture will have developed approximately 450,000-square-feet of office space in MetroCenter within the last six years,” said Sorenson.
CONTACT:
Jeff Bradford/Erin Gagnon, 615-515-4880, jcb@bradfordgrp.com or eringagnon@bradfordgrp.com
Desiree Dankowski, Public Relations Manager, 443-573-1927, desiree.dankowski@healthspring.com
About HealthSpring:
HealthSpring is based in Nashville, Tenn., and is one of the country’s largest Medicare Advantage coordinated care plans. HealthSpring currently owns and operates Medicare Advantage plans in Alabama, Delaware, Florida, Georgia, Illinois, Maryland, Mississippi, New Jersey, Pennsylvania, Tennessee, Texas, and Washington, D.C. HealthSpring also offers a national stand-alone Medicare prescription drug plan. For more information, visit www.healthspring.com. Media information is available at HealthSpring’s press site: http://press.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.
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