LifeWay Christian Resources has entered into a contract for the sale of its building in downtown Nashville. Contract terms, including the sale price, have not been disclosed.
LifeWay President and CEO Ben Mandrell said he is excited about LifeWay’s future workplace and the prospects of settling into a new work environment.
“LifeWay is moving forward, building fresh vision, and getting prepared for a new season of ministry to churches,” Mandrell said. “This has led us to think strategically about selling our large building downtown, fully embracing remote work as the norm, and moving into a new era of creative and collaborative work.”
Mandrell said he and other LifeWay leaders have been looking at options for its headquarters since the summer of 2019, well before anyone knew COVID-19 was on the horizon.
LifeWay dedicated its current corporate headquarters in November 2017, moving to Capitol View from its former location about a half mile away.
“One of the first questions I asked when I took this role was, ‘What should we do with this building?’ A study completed last year showed we were using the building at only 60 percent occupancy on a daily basis,” Mandrell said.
“We want to be wise stewards, so it makes sense for us to do all we can to make the best use of our resources, including our corporate office building. The decision to sell our building is a strategic one.”
LifeWay will continue to occupy a portion of the building over the near term until it determines a location for its new headquarters.
“We’re definitely moving to a new work environment,” Mandrell said. “Our new space will be designed specifically around a healthy blend of strategic meetings and team collaboration, as well as the flexibility of working from home. Like other companies are doing as a result of COVID, we’re re-imagining the corporate office for the future of work.
“We are moving away from the idea of a ‘headquarters’ to a fully mobile and agile workforce that intentionally gathers to build strong relationships, celebrate what God is doing, and share ideas.”
In March, LifeWay’s Nashville-based employees moved to fully remote work as the city implemented a number of restrictions due to COVID-19.
Mandrell said employees will continue to work remotely the majority of the time and will come to the building for strategic meetings. The new work environment will offer a mix of conference rooms, casual meeting spaces and drop-in workstations.
LifeWay began a feasibility study of its corporate office building in downtown Nashville in April 2020. The study explored multiple options, including leasing several floors to external occupants, selling the building and leasing back office space, or moving to another location.
Based on the positive results of that feasibility study, LifeWay’s board of trustees authorized a resolution for the organization’s executive team to pursue viable options for the sale of its corporate headquarters.
LifeWay has not announced a timeline for closing on the current building or for moving to a new facility.
— Carol Pipes is director of corporate communications for LifeWay Christian Resources.