By Art Toalston
NASHVILLE (BP) — LifeWay has completed the sale of its 14.5-acre campus in downtown Nashville.
“Although this momentous event is cause for thanksgiving, it is also bittersweet,” Thom S. Rainer, president of LifeWay Christian Resources, wrote in an email to the Southern Baptist entity’s trustees and employees Nov. 24 after the sale was announced around 5 p.m.
“LifeWay has served the bride of Christ from this property for more than 100 years,” Rainer wrote. “Those of us who serve today continue an unbroken line of tens of thousands of employees who have stewarded the responsibility to produce trustworthy Christian resources for the church. And, we will continue to do so into the future, but from a new location.”
The sale was announced in a joint news release from LifeWay and Southwest Value Partners, a private real estate investment firm based in San Diego. [Read more…]