Southeast Venture's Healthspring Campus Named Office Development of the Year by NAIOP

Nashville, TN (I-Newswire) January 25, 2012 - The Nashville chapter of the National Association of Industrial and Office Properties (NAIOP) has named Southeast Venture’s HealthSpring MetroCenter office campus the 2012 Office Development of the Year. Additionally, Southeast Venture Principal Michael Finucane won the Industrial Lease of the Year for brokering Griffin Technology’s lease of a new distribution facility in Interchange City. Both awards will be presented at NAIOP’s annual gala Feb. 23 at the Franklin Cool Springs Marriott.

In June 2011, HealthSpring executed a lease with Southeast Venture for Phase II of its MetroCenter office campus at 530 Great Circle Road. When complete, the campus will house employees from two of the three buildings HealthSpring currently occupies in MetroCenter.

Southeast Venture broke ground on Phase I of development in November 2010. 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.

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.

“Our partnership with HealthSpring has been a truly valuable for us and for MetroCenter – a partnership that we hope to continue for a long time. It’s been an exciting project to spearhead and see through completion. Phase I of construction has finished and employees have moved in. Phase II is scheduled to wrap up in May,” said Southeast Venture Principal Cam Sorenson.

Integral partners in the HealthSpring development included T.W. Frierson Contractor, Inc., Harvest Construction Company, Hodgson & Douglas, LLC and Barge Cauthen & Associates.

With the Industrial Lease of the Year award, NAOIP recognized Finucane’s role in the leasing of 518,400-square-feet at 1706 Heil Quaker Blvd. by Griffin Technology. The site in Interchange City serves as a distribution facility for the firm.

Finucane joined Southeast Venture in 1997 from the Trammell Crow Company, where he managed their Nashville industrial portfolio. At Southeast Venture, he concentrates primarily in brokering office and industrial transactions.

In addition to Griffin Technology, Finucane has represented such clients as H.G Hill Realty, Duke Realty, Digital Reasoning, Espaces, Essex Technology Group, Spectra Metal, Thompson Caterpillar, Kemberton Healthcare and Cumberland Consulting Group.

“In 2011, Southeast Venture completed over 758,000-square-feet of industrial leasing, making it one of our best years on record in the industrial sector,” Finucane said. “These transactions represented new leases in the LaVergne market and helped absorb a lot of vacancy. We were fortunate to have the opportunity to work with some expanding clients at a time when the market was ready for some good deals.”

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 real estate and design services. This unique, comprehensive approach to commercial real estate offers a cost effective and efficient way of meeting its clients’ commercial real estate needs. For more information, visit www.SoutheastVenture.com.

About NAIOP: NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate. NAIOP comprises 15,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit www.naiop.org

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