With the new lease, Cigna-HealthSpring further adds to its Tennessee business operations in MetroCenter. The health care company currently operates out of an office campus at 500 and 530 Great Circle Road. The two buildings, which total 175,000 square feet and house 1,200 employees, was developed by Southeast Venture and sold to Los Angeles-based Griffin Capital last year.
By continuing to expand its presence in MetroCenter, Cigna-HealthSpring is further cementing its commitment to MetroCenter. Jimmy Pickel and Southeast Venture Principals Randy Parham and Todd Alexander represented the Corners I building owner, Levitt Properties, in the lease. Harrison Johnson of CB Richard Ellis represented Cigna-HealthSpring.
Corners I is a one-story, open plan office building that covers 51,574 square feet and sits on 7.5 acres of land. Cigna-HealthSpring plans to have close to 300 parking spaces.
In its 30-year history, MetroCenter’s Corners I office building has been leased six times, and has never been vacant more than eight months. It’s a testament to the strength of the MetroCenter submarket, with its attractive proximity to downtown Nashville. We’re excited to continue to help this area grow and flourish.
Less than 30 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.