NASHVILLE — LifeWay Christian Resources has entered into a contract for the sale of its campus in downtown Nashville. Contract terms, including the sale price, have not been disclosed pending the closing of the sale in a few months, according to a LifeWay news release. The contract is with Uptown Nashville, LLC, a consortium of local and national developers formed specifically to develop this property.
LifeWay president and CEO Thom S. Rainer said in the release he is excited about the prospects for the property as well as LifeWay’s future.
“The sale — when completed this summer — will provide the resources for LifeWay to build a new facility, hopefully in downtown Nashville, that will support the technologies, collaboration and culture needed for today’s and tomorrow’s successful national and international ministry,” Rainer said.
The sale involves LifeWay’s 14.5-acre downtown Nashville complex, including more than 1 million square feet of office, warehouse and parking space. About 1,100 of LifeWay’s employees work in the downtown offices, utilizing about one-third of the facility. The organization also oversees 186 stores and 4,300 employees in 29 states.
(BP)
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