Healthways is rumored to be on the lookout for more space in Franklin to complement its new headquarters built by Highwoods Properties.
The talk in the broker community is that the disease manager (Ticker: HWAY) might look to house some of its employee facilities off site in one of the other Highwoods properties sprouting in Cool Springs. Officially, Healthways’ 255,000-square-foot headquarters at Cool Springs Boulevard and Carothers Parkway is called Cool Springs V; Highwoods (Ticker: HIW) will finish work on the next-door Cool Springs IV this summer.
Before moving to Franklin, Healthways worked with Regus Corp., a large player in flexible office options, to absorb its short-term space needs. But other sources have speculated that Healthways might be looking longer-term this time and think the company may be hedging its bets by securing space now rather than chasing the market later.
Illinois firm snaps up SunTrust branches
Eleven SunTrust Bank branches have changed hands as part of a $736 million sale-leaseback deal between the bank and Inland Real Estate Acquisitions Inc.
Illinois-based Inland, which has been an active buyer in the Nashville area, has bought 433 SunTrust sites with a combined footprint of more than 2.2 million square feet. The segment of the deal that includes the local offices is worth $230 million and calls for SunTrust to lease the buildings for 10 years with options to renew after that.
A spokeswoman for Inland (Ticker: IRC) said the company isn’t divulging details of the deal, including which branches are involved. Based on the total sale value, the local sites are worth an estimated $18 million.
Stepping up at SSR
Engineering firm Smith Seckman Reid Inc. has named Chris Goodman, Andrew Johnson, Paul McCown, Fred Polacek and Ken Urick shareholders at its Nashville headquarters.
Goodman has been with SSR since 1996. Polacek joined the firm in 2000, while Johnson, McCown and Urick came on board in 2001. SSR, which has offices in 11 cities, employs more than 500 people.