LifePoint Hospitals Inc., a US-based hospital company, has selected Highwoods Properties Inc., to construct a $48.4 million new corporate headquarters in the Brentwood submarket of Nashville in the US state of Tennessee. The scope work includes construction of a seven-storey, 203,000 square feet Class A office building, as well as a structured parking in the Brentwood submarket which consists of approximately 4.8 million square feet of office space that is currently 94.9% leased. The building will be 100% pre-leased by LifePoint Hospitals.
The project will also include construction of approximately 25,000 square feet of immediately adjacent free-standing amenity retail fronting Old Hickory Blvd. that will be available for lease. The project will be developed on company-owned land in Seven Springs Park.
Construction work on the project is anticipated to commence in May 2012 and the buildings are expected to be completed by the end of 2013.