LP Building Solutions Relocates Nashville Headquarters to Downtown Broadwest
Broadwest, the newest downtown luxury office-condo-retail development, has secured a premier tenant in its smaller, three-story creative office building.
LP Building Solutions will move its 350-person headquarters in Nashville to the top two floors of the building. The remainder of the campus includes a 34-story residential tower and a 21-story office building at 1600 West End Avenue.
The global manufacturer of wood-based residential building products is downsizing as it pledges to abide by the rules of part-time homework.
LP, or Louisiana-Pacific Building Solutions, will move from the Philips Plaza tower to downtown where it occupies more than five floors in a building with SmileDirectClub, Philips Healthcare Technology and Bank of America.
“They’ve adapted to remote working a bit,” said Christopher Brown, director of Propst Development. “Their space plan has a lot of new and unique collaborative ideas for places to think, then go out and work individually.”
Broadwest’s two office towers are complete and some tenants have already moved in, but the campus won’t fully open until next year, Brown said.
Baker Donelson and ServisFirst Bank are among the tenants of the taller building.
A 34-story residential tower with a 4-star Conrad hotel with 237 rooms and approximately 200 condominiums is nearing completion. The entire development is estimated at $ 540 million.
Hall’s Chophouse has signed to take over a food court, and the developers are in talks with the owners of a sports bar, a breakfast restaurant, and a white tablecloth restaurant.
Retail stores will also open next year and there is an underground car park with 2,500 spaces.
The entire campus is connected to a landscaped pedestrian square.
“It’s no surprise that a company like LP chose the Creative Office Building on Broadwest as an efficient home for their new headquarters,” Brown said. “It’s great to have one of the real leaders in the US real estate market at Broadwest.”
The 4-acre site was once nicknamed “Lake Palmer” because it sat vacant for years as a giant excavated hole that collected rainwater.
Former owner Alex Palmer was planning to build a mixed-use project but was unable to secure funding.
Alabama-based Propst paid $ 36.9 million for it in 2018.
You can reach Sandy Mazza by emailing [email protected], calling 615-726-5962 or on Twitter @SandyMazza.