Nashville has added another major real estate player to its fast-growing list of out-of-town companies looking to taste a piece of what is becoming a tasty local land pie.
The latest heavy-hitter to enter the market is Los Angeles-based real estate investment company Griffin Capital Corp., which has purchased the 21-acre HealthSpring MetroCenter campus for $36.4 million. (Read more about the deal here and the company here.) The El Segundo, Calif.-based company owns properties that accommodate offices of Boeing, Comcast, Northrup Grumman and Westinghouse Electric, among others. Its Griffin Capital Essential Asset REIT owns 16 properties with a total purchase price of $364.2 million.
Other major real estate investment companies that have entered the market the last year or so include, but are not limited to, Northwestern Mutual Real Estate Investments and LaSalle Investment Management. In addition, the city has seen various high-profile developers and architects do work here.
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