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A team of Nashville’s biggest office landlord and a Gulch-area investor has been picked to negotiate a contract toward buying The Tennessean’s 10-acre downtown property.
Upon finalizing the more than $55 million transaction, Raleigh, N.C.-based Highwoods Properties and Jim Caden could separately develop the various parcels. The property includes where the newspaper’s office sits at 1100 Broadway and several parking lots.
Highwoods has a portfolio of more than 4.2 million square feet of Nashville area office space, including Bridgestone's 30-story world HQ, The Pinnacle at Symphony Place office tower, and the impending Mars Petcare HQ in at Ovation in Cool Springs. The company also developed Caterpillar Financial's headquarters on West End Avenue.
Caden developed the retail strip now known as Demonbreun Hill before moving on to buying properties in the Gulch where he co-founded restaurant group M Street and co-owns several properties including the Déjà Vu strip club site on Demonbreun Street.
Neither party has announced any specific plans for the property at this time.
The site in yellow:
The site in 1975:
Expansion of Tennessean HQ in 1985: