HCA to invest $200M in new corporate headquarters - WKRN News 2

HCA to invest $200M in new corporate headquarters

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NASHVILLE, Tenn. -

Hospital Corporation of America, one of Nashville's largest employers, will develop two new corporate headquarters on West End Avenue in Nashville, Mayor Karl Dean, Governor Bill Haslam and HCA Chairman and CEO Richard Bracken announced Thursday morning.

The massive 900,000 square foot office buildings will house 2,000 employees and be located in Midtown at the West End Summit property.

HCA plans to add another 1,000 high paying jobs to the 7,000 already based in Middle Tennessee.

The development, one of the largest commercial office developments in city history, represents a private investment in excess of $200 million in Davidson County.

It will consist of two towers of approximately 20 stories each with one tower anchored by the corporate headquarters of Parallon Business Solutions and the other anchored by Sarah Cannon Research Institute.

"HCA could have gone out of state for these headquarters but instead chose to grow jobs here in Nashville," Dean said.  "This project speaks volumes about the vitality of our West End corridor, the talent of our workforce and the vibrancy of our city."

Parallon Business Solutions will relocate 750 jobs to Nashville from Williamson County with plans to add approximately 800 to its workforce by 2017.

SCRI will consolidate 200 Nashville-area employees into one office with plans to double in size by 2017.

This is believed to be the largest number of new permanent jobs created by one economic development project in Davidson County since the relocation of Dell's facilities to Nashville in the 1990s and one of the largest in the region's history.

"HCA is a Tennessee success story, and the company's continued growth here is great news," Haslam said. "As we continue our work to make Tennessee the No. 1 state in the Southeast for high-quality jobs, this announcement is a significant step toward that goal."

The two-tower office complex is being developed by Alex S. Palmer & Co. Palmer's company has been marketing the West End Summit property for many years.

HCA's commitment brings large enough initial tenants to make the development a reality.

A 15-year lease will begin in March of 2015.

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