Hines Interests Limited Partnership

08/01/2017 | Press release | Distributed by Public on 08/01/2017 16:13

Silicon Ranch Corporation Signs Lease at 222 in Nashville

(NASHVILLE) - Hines announced today that Silicon Ranch Corporation, one of the fastest-growing developers, owners, and operators of solar energy plants in the United States, will occupy about 19,000 square feet in 222, a 25-story building under construction in downtown Nashville. With the lease newly signed, plans are underway to move into the space in the first quarter of 2018. Silicon Ranch will be leasing the 19th floor of 222, which brings its leased status of office space to 62 percent of the building's 362,000 office square feet.

Designed by Gresham Smith & Partners, 222 is located across from the city's 12-acre Riverfront Park and Ascend Amphitheatre, and will also include 28,000 square feet of street-level retail amenities, which will include four restaurants and other retail services. The property will offer office tenants best-in-class amenities which include: an outdoor terrace with seating, fire pits, outdoor televisions, bar service, and unparalleled views of the park, amphitheater and Cumberland River; a club-quality fitness center with lockers and showers; a facility for outdoor yoga and Pilates classes; collaborative meeting space and social work area; and a tenant conference room.

Silicon Ranch President and CEO Matt Kisber said, 'For the third straight year, Silicon Ranch has doubled our operating portfolio, and we project significant growth in the years to come. Carefully and deliberately, we have recruited a talented team from across the country and around the world to support Silicon Ranch's growth. Both the solar industry and the city of Nashville are in the midst of rapid, dynamic expansion, and all of us at Silicon Ranch are excited about our new home at 222.'

Hines Director Trent Acuff said, 'We are thrilled to welcome Silicon Ranch to their new home at 222. Adding one of the nation's fastest growing solar companies to our diverse tenant roster is truly an honor for the firm and continued confidence the market has placed in 222.'

Other notable tenants of 222 include Bank of America; Gresham Smith & Partners; Burr & Forman LLP; CBRE, Inc.; Paradigm Talent Agency; and Lieff Cabraser Heimann & Bernstein, in addition to several transactions in progress. 222 is being developed in a joint venture by Hines and Nashville-based CB Ragland Company.

About Silicon Ranch Corporation

Silicon Ranch, based in Nashville, Tenn., is one of the fastest-growing developers, owners, and operators of solar energy plants in the United States. Silicon Ranch develops to own all of its projects for the long-term and brings the economic, environmental, and community benefits of commercial and utility-scale solar energy together in a full-service model that requires no capital investment from its stakeholders. The company's portfolio spans coast to coast and includes more than 1 Gigawatt of PV systems that are contracted, under construction, or operating, including the first large-scale solar projects in Tennessee, Georgia, Arkansas, and Mississippi. More information is available at www.siliconranchcorp.com.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 189 cities in 20 countries. Hines has approximately $96.5 billion of assets under management, including $48.5 billion for which Hines provides fiduciary investment management services, and $48 billion for which Hines provides third-party property-level services. The firm has 114 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,206 properties, totaling over 390 million square feet. The firm's current property and asset management portfolio includes 533 properties, representing over 213 million square feet. Visit www.hines.com for more information.