Bridgestone/Firestone consolidates in Nashville

July 8, 2002

Bridgestone/Firestone Americas Holding Inc. (BFAH) has entered into letters of intent to lease approximately 210,000 square feet of space in the building known as Highland Ridge Tower in Nashville, Tenn.

The company, which has approximately 800 employees housed in four separate locations in the "Airport Corridor" section of the city, has long expressed a desire to consolidate its headquarters buildings into one space "to increase ease of communication and facilitate a sense of teamwork among its Nashville-based associates."

Headquarted in Nashville since 1992, Bridgestone/Firestone considered sites both inside and outside of Nashville and Tennessee before deciding on Highland Ridge.

"The Highland Ridge Tower satisfies the prime objectives established by Bridgestone/Firestone at the beginning of our search for a new headquarters building," said John Lampe, chairman, CEO and president of BFAH.

"It allows us to remain in Tennessee, a state that has been very good to us and that has been a major factor in our past growth. It allows us to remain in Nashville, in one building, with a financial package that addresses our need to control costs while at the same time achieving the team building atmosphere that will be so important to our continuing growth."

BFAH intends to sublease approximately 135,000 square feet of space from the Tennessee Valley Authority, currently the major tenant in the building, and lease approximately 75,000 of vacant space from the building's landlord, Gaedeke Holdings Ltd. of Dallas, Texas.

Bridgestone/Firestone expects to complete the move to its new headquarters by January 2003.