Boyle Investment Co. paid $19.5 million for the 3000 Meridian Building in the Meridian Cool Springs development. The purchase consolidates Boyle’s ownership of the larger development, which is undergoing millions in renovations.
The Nashville Business Journal reports Boyle now owns the 100,000-square-foot building, formerly known as the PICA building, which it developed in 2009. Boyle developed the space for Podiatry Insurance Company of America (PICA) to be both owned and occupied by the insurance company.
In 2009, ProAssurance bought PICA, and the company gradually relocated its operations to Birmingham, Alabama, leading PICA to sell the building to Boyle.
Boyle is the developer of the larger Meridian Cool Springs development which contains 60 acres and features 70,000 square feet of retail and restaurant space, as well as three hotels. The purchase comes as Boyle is investing more than $20 million into enhancements across the development.
Last year, Boyle bought another Cool Springs office building, The McEwen Building near Boyle’s other Cool Springs development, for $48.57 million.
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