April 03, 2017

HealthStream Moving Headquarters to Gulch Development

Nashville Business Journal

A fast-growing and publicly traded Nashville health care company will be moving its headquarters to a $750 million mixed-use development driving much of the revitalization of Charlotte Avenue.

HealthStream Inc. (Nasdaq: HSTM) has signed a long-term lease for a corporate headquarters at the Capitol View project at 1100 Charlotte Ave., which is being created by Northwestern Mutual’s

real estate arm and Boyle Investment Co., one of the biggest developers in Middle Tennessee.  Robert “Bobby” Frist Jr., who is the company’s CEO and chairman, told HealthStream employees of the

move on Monday afternoon in a letter that was obtained by the Nashville Business Journal. In the letter, Frist said he just signed a lease for a new office that will occupy the top two floors of a 10-story

building, anchoring that forthcoming building. Frist’s description matches that of a $125 million, 300,000-square-foot office building planned at the corner of 11th Avenue North and Nelson Merry

Street.  HealthStream employs 580 people in the region. Sixty percent of that workforce, or 340 people, is located at the Cummins Station headquarters, according to company spokeswoman Mollie

Condra. In his letter to employees, Frist said the new corporate office will be the successor to its long-time home at the Cummins Station building in SoBro. According to First, HealthStream’s newly

expanded office in Brentwood and one near Nashville International Airport will remain unchanged for now. Calls to Condra on Monday afternoon were not immediately returned. Jeff Haynes, co-

managing partner of Boyle’s Nashville office, could not be immediately reached. The move, which will happen when HealthStream’s existing Cummins Station lease expires two years from

now, provides yet another boost to Capitol View — which has emerged as one of the largest and highestprofile projects happening in Nashville’s real estate boom. The project already houses roughly

2,000 employees of subsidiaries of hospital giant HCA Holdings Inc. (NYSE: HCA), which as it happens was cofounded by one of Bobby Frist Jr.’s uncles, Tommy Frist Jr.