Tennessean to sell home property, relocate

The Tennessean is putting its longtime offices up for sale, as the media company considers a new downtown Nashville home better suited for its expanding digital operation.

So reports The Tennessean. Further:

Though no sales price has been named, the 10-acre property at 1100 Broadway covers a full city block adjacent to the booming Gulch neighborhood and is expected to fetch a sizable price for The Tennessean’s parent company, Gannett Co. Inc.

Laura Hollingsworth, president of The Tennessean and USA TODAY Network –Tennessee, said plans call for moving the news, business and sales operations to a yet-to-be-identified space in Nashville.

With more technology, open and collaborative spaces and specialized work areas, that new location would align more closely with the multimedia company’s digital focus, she said.

“We believe this to be critical to our continued success and growth,” Hollingsworth said, adding that the newspaper’s current location was built for the manufacturing era.

Commercial real estate firm CBRE is handling listing of the property’s three adjacent parcels, totaling roughly 435,600 square feet of land area. The site could draw strong interest considering that there are only a few large developable tracts in the downtown area, but real estate observers also see a limited number of potential suitors that could afford it.