Publishing House signs contract for sale of property

Translate Page

NASHVILLE, Tenn. (UMNS)—The United Methodist Publishing House announced Aug. 30 that it has entered into a purchase and sale agreement with TVG Holdings LLC for the sale of its downtown property. The sale covers just over seven acres, encompassing the Publishing House building and former Cokesbury bookstore property as well as all of the parking lots, a spokeswoman for the church agency said.

The terms of the sale are being kept confidential until the transaction is complete. The sale is expected to close by the end of 2013.

The Publishing House has 400 employees working at its downtown location, which is next to the new Music City Convention Center. The agency said it is exploring options for a new main office location in the Nashville area, and it expects to remain in its present offices with a leaseback agreement through most of 2014. It has operated in this location since 1957.

TVG Holdings is an affiliate of Terra Verde Group, which has offices in Tennessee, Texas and California.


Like what you're reading? Support the ministry of UM News! Your support ensures the latest denominational news, dynamic stories and informative articles will continue to connect our global community. Make a tax-deductible donation at ResourceUMC.org/GiveUMCom.

Sign up for our newsletter!

UMNEWS-SUBSCRIPTION
Mission and Ministry
Dr. David W. Scott. Photo © Hector Amador.

Political context and the meaning of church

A pending separation and changing international composition find The United Methodist Church in a time of rethinking what it means to be a church, and a global church at that.
Global Health
Dr. David Boan. Photo courtesy of the author.

Staying the course with vaccine access

A United Methodist church’s campaign to create equitable access to COVID-19 vaccines among poor countries has raised nearly half a million dollars, but challenges remain, so the campaign continues.
Violence
Christina Ray Stanton. Photo courtesy of the author.

9/11 attacks sparked life change for eyewitness

Innocence was lost, but writer translated the trauma of the moment into new goals and dreams of helping others.