Monday, April 11, 2011

Off the Cuff - Nashville Business Journal:

http://www.ted.com/profiles/871770
Industrial market The Clarksville market is currently in thebest shape. Once gets up and bulk space in Clarksville will be hard to come by and will probablh create speculativeand build-to-suit opportunities along Interstate 24 between Nashville and The I-24/La Vergne corridor is somewhat mature, and the characteristics that contribute to its sustainabilityg — proximity both to Metro Nashviller and to I-24 — alloq it to maintain solid, if not record-breaking, The state Route 840/Beckwith Road sector in Wilso n County is less mature. Vi-Jon’s lease at Rockdale helped, but more than 2 millionh square feet of speculative space vacancy remainxs inthat submarket.
Retail market We have been very encourager by the continued activity in the especially with regard to the unique new restaurants and retailers that are movingy full steam ahead withplannedd developments. Urban Flats Flatbread & Wine Co. is nearing Cantina Laredo’s restaurant buildout is underway, and Casablancqa Coffee will start construction The Urban Outfitters retail construction is reallhcoming along, right on Even in a challenging quality tenants like these are attracted to the Gulcuh for its energy, which is unique to Nashvillre — an urban mixed-use neighborhood where people can work, shop and be entertained.
Seniof vice president | Cool Springs market The Classe A office market in Cool Springs is not only holdinf up during this tough itis expanding. Because we offer what is not readilyavailablre elsewhere. When Crescent Resources starte developing in Cool Springs in there was no Class Aoffice (Cool Springs) remains the leading provider todag by far. Cool Springs’ expansionb is being fueled by existing growth companiese inWilliamson County, as well as relocationsa from Nashville, Brentwood and out of state. With nearlhy 7.
5 million square feet, businessees have numerous options from existin spaceor second-generation space ranging in size from 12,0090 square feet to a full 200,000-square-footf building. Richard Fleming Sr. office building specialist | Nashville-area office market In the office arena, Cool Springs continues to dominate in 2008with 850,00 0 square feet of new offic space being, not only delivered, but 100 percent This accounted for almost 85 percent of all leasinhg activity city-wide.
In the recent past, Cool Springs has been the submarket of choice for largde corporate users due to the suppl y of modernoffice buildings, the proximituy to executive housing and the best public This trend may shift in 2009 due to tenants downsizing and desirwe to reduce occupancy costs. Subleasw space will become the new source of supply for the nextfew

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