NASHVILLE, TENNESSEE, July 10, 2017 (GLOBE NEWSWIRE) -- Transwestern today announces it has expanded its operations to Nashville, Tennessee, to meet growing demand for real estate advisory services in the market. Providing agency leasing, tenant advisory, capital markets and asset services to real estate owners and users throughout the market, the company’s 35th office has been retained to manage One Century Place at 26 Century Blvd. on behalf of Griffin Capital Company LLC.
“Nashville is increasingly a target market for investors that require strategic real estate advisory services,” said Chip Clarke, Transwestern’s President │ Americas. “With the strength of the Nashville economy, driven by the healthcare, technology, music and tourism industries, the timing is right for Transwestern to leverage our best-in-class service and expand our footprint in the region.”
Nashville has one of the most stable economies in the country, with only 2.3 percent unemployment in the MSA as of May 2017, well below the national average of 4.3 percent. The market has seen a high volume of relocations and expansions, including corporate anchors such as HCA, Mars Pet Care, Asurion, Bridgestone, Nissan North America, Dollar General and Caterpillar Financial. These factors, coupled with the market’s low vacancy rate, have made Nashville an increasingly important target for real estate capital and created high demand for full-service real estate advisory.
Transwestern’s Southeast President Bruce Ford, who is based in Atlanta with a proven track record of leadership and innovation, will lead the operations in Nashville, where he will be responsible for overall strategy, business development, recruitment and financial performance.
“Transwestern utilizes an innovative approach to property management that reflects our unique culture while producing measurable results for our clients – from owners to occupants to vendors and customers visiting a property. This is the foundation upon which we will drive value for One Century Place and its tenants, and establish Transwestern’s reputation as the leading service provider in Nashville,” Ford said.
ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.
ABOUT GRIFFIN CAPITAL COMPANY, LLC
Griffin Capital Company, LLC (f/k/a Griffin Capital Corporation) ("Griffin Capital"), is a privately held, Los Angeles headquartered investment and asset management company with a 22-year track record sponsoring real estate investment vehicles and managing institutional capital. Led by senior executives each with over two decades of real estate experience collectively encompassing over $22 billion of transaction value and more than 650 transactions, Griffin Capital and its affiliates have acquired or constructed approximately 58.4 million square feet of space since 1995. Griffin Capital and its affiliates own, manage, sponsor and/or co-sponsor a portfolio consisting of approximately 42 million square feet of space, located in 30 states and the United Kingdom, representing approximately $7.8 billion* in asset value, based on purchase price, as of March 31, 2017. Additional information about Griffin Capital is available at www.griffincapital.com.
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Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2ce4e6b9-9cb1-464c-aef9-0780818fd62e