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RUTHERFORD COUNTY

ECONOMIC GUIDE All Dressed Up

Click the top corners of the magazine to turn pages

Shopping center refashions its look

Seat at the Table Food producers help feed local economy

What’s s e Online Learn about music in the ’Boro

Air and Ground Force Smyrna Airport attracts strong regiment of tenants SPONSORED BY THE RUTHERFORD COUNTY CHAMBER OF COMMERCE | 2009-10


contents

RUTHERFORD COUNTY

ECONOMIC GUIDE

10

OVERVIEW

7

BUSINESS ALMANAC

8

BUSINESS CLIMATE

Taking Care of Business

10

Rutherford County doesn’t stand still in attracting new jobs and investment. EDUCATION

14

The Secret’s Out

12

A new campaign spreads the word about Rutherford County’s top-ranked schools.

16

MANUFACTURING

Seat at the Table

14

Dough, dairy feed the manufacturing sector. LIVABILITY

In Rutherford He Trusts

16

A health-care executive finds Murfreesboro is an inviting relocation destination.

Conference Call

18

TR ANSPORTATION

Air and Ground Force

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Smyrna Airport attracts a strong tenant mix. HEALTH

Booster Shot

22

New facility gives Murfreesboro Medical Clinic expanded services. RETAIL

All Dressed Up

24

A Murfreesboro retail center fashions a makeover.

ECONOMIC PROFILE

25

SITE GUIDE

26

On the Cover PHOTO BY ANTONY BOSHIER Smyrna Airport attracts the corporate crowd.

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PLEASE RECYCLE THIS MAGAZINE

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RUTHERFORD COUNTY

ECONOMIC GUIDE 2009-10 EDITION, VOLUME 15

MANAGING EDITOR BILL McMEEKIN COPY EDITOR JOYCE CARUTHERS ASSOCIATE EDITORS LISA BATTLES, SUSAN CHAPPELL, JESSY YANCEY STAFF WRITERS CAROL COWAN, KEVIN LITWIN CONTRIBUTING WRITERS PAMELA COYLE, SAM SCOTT DATA MANAGER CHANDRA BRADSHAW SENIOR INTEGRATED MEDIA MANAGER JOE THOMAS SALES SUPPORT MANAGER SARA SARTIN SENIOR PHOTOGRAPHER BRIAN MCCORD STAFF PHOTOGRAPHERS JEFF ADKINS, TODD BENNETT, ANTONY BOSHIER, IAN CURCIO, J. KYLE KEENER PHOTOGRAPHY ASSISTANT ANNE WHITLOW CREATIVE DIRECTOR KEITH HARRIS WEB DEVELOPMENT DIRECTOR BRIAN SMITH ASSOCIATE PRODUCTION DIRECTOR CHRISTINA CARDEN PRODUCTION PROJECT MANAGERS MELISSA BRACEWELL, KATIE MIDDENDORF, JILL WYATT SENIOR GRAPHIC DESIGNERS LAURA GALLAGHER, KRIS SEXTON, CANDICE SWEET, VIKKI WILLIAMS LEAD DESIGNER ALISON HUNTER GRAPHIC DESIGN ERICA HINES, JESSICA MANNER, JANINE MARYLAND, AMY NELSON, MARCUS SNYDER WEB DESIGN DIRECTOR FRANCO SCARAMUZZA WEB PROJECT MANAGERS ANDY HARTLEY, YAMEL RUIZ WEB DESIGN CARL SCHULZ WEB PRODUCTION JENNIFER GRAVES COLOR IMAGING TECHNICIAN TWILA ALLEN AD TRAFFIC MARCIA MILLAR, PATRICIA MOISAN, RAVEN PETTY CHAIRMAN GREG THURMAN PRESIDENT/PUBLISHER BOB SCHWARTZMAN EXECUTIVE VICE PRESIDENT RAY LANGEN SR. V.P./CLIENT DEVELOPMENT JEFF HEEFNER SR. V.P./SALES CARLA H. THURMAN SR. V.P./OPERATIONS CASEY E. HESTER V.P./SALES HERB HARPER V.P./SALES TODD POTTER V.P./VISUAL CONTENT MARK FORESTER V.P./EDITORIAL DIRECTOR TEREE CARUTHERS MANAGING EDITOR/COMMUNITY KIM MADLOM MANAGING EDITOR/CUSTOM KIM NEWSOM PRODUCTION DIRECTOR NATASHA LORENS PHOTOGRAPHY DIRECTOR JEFFREY S. OTTO CONTROLLER CHRIS DUDLEY ACCOUNTING MORIAH DOMBY, DIANA GUZMAN, MARIA MCFARLAND, LISA OWENS RECRUITING/TRAINING DIRECTOR SUZY WALDRIP DISTRIBUTION DIRECTOR GARY SMITH INFORMATION TECHNOLOGY DIRECTOR YANCEY TURTURICE NETWORK ADMINISTRATOR JAMES SCOLLARD IT SERVICE TECHNICIAN RYAN SWEENEY HUMAN RESOURCES MANAGER PEGGY BLAKE SALES SUPPORT RACHAEL GOLDSBERRY SALES/MARKETING COORDINATOR RACHEL MATHEIS EXECUTIVE SECRETARY/SALES SUPPORT KRISTY DUNCAN OFFICE MANAGER SHELLY GRISSOM RECEPTIONIST LINDA BISHOP

Rutherford County Economic Guide is published annually by Journal Communications Inc. and is distributed through the Rutherford County Chamber of Commerce. For advertising information or to direct questions or comments about the magazine, contact Journal Communications Inc. at (615) 771-0080 or by e-mail at info@jnlcom.com.

FOR MORE INFORMATION, CONTACT: Rutherford County Chamber of Commerce 501 Memorial Blvd. • Murfreesboro, TN 37129 Phone: (615) 869-0345 • Fax: (615) 869-0369 E-mail: hsweber@rutherfordchamber.org www.rutherfordchamber.org/ed VISIT RUTHERFORD COUNTY ECONOMIC GUIDE ONLINE AT RCECONOMICGUIDE.COM ©Copyright 2009 Journal Communications Inc., 725 Cool Springs Blvd., Suite 400, Franklin, TN 37067, (615) 771-0080. All rights reserved. No portion of this magazine may be reproduced in whole or in part without written consent. Member Member

Magazine Publishers of America Custom Publishing Council

Member Rutherford County Chamber of Commerce

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ECONOMIC GUIDE

CONNECTIONS

An online resource at RCECONOMICGUIDE.com

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A showcase for what drives Rutherford Countyâ&#x20AC;&#x2122;s high quality of life

Read Rutherford County Economic Guide on your computer, zoom in on the articles and link to advertiser Web sites NEWS AND NOTES >>

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Workstyle A spotlight on innovative companies that call Rutherford County home

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overview

RUTHERFORD COUNTY IS IN THE MIDDLE OF THE ACTION

Rutherford County

The Rutherford County Chamber of Commerce welcomes you to the 15th edition of the Rutherford County Economic Guide, a resource for working and living in Tennessee’s fastest-growing community.

Rutherford County continues to set the pace for growth in Tennessee. The county’s 2009 population stands at 255,239 — a more than 40 percent increase from 2000 — and is ranked No. 1 among Tennessee counties for its rate of growth. Rutherford County is a clear destination of choice for investment, expansion and corporate headquarters location. Household names with deep roots in the county include Nissan North America, Ingram Book Company, Bridgestone/Firestone and State Farm Insurance.

national economic indicators, a testament to the county’s pro-business climate. “Evidenced by continuing and steady economic growth for more than a decade, the climate for business in Rutherford County, Tenn., is one of the best in the nation,” says Holly Sears Weber, vice president of economic development for the Rutherford County Chamber of Commerce. Weber invites inquiries from prospective relocating companies. Contact her at: Rutherford County Chamber of Commerce 501 Memorial Blvd. Murfreesboro, TN 37129 (615) 869-0345 hsweber@rutherfordchamber.org www.rutherfordchamber.org/ed

A major asset of Rutherford County is the high quality of its schools and availability of a range of higher-education options. Rutherford County has six middle schools ranked in the state’s top 50 schools and is in a three-way tie with two other Tennessee counties for top-performing middle schools. Murfreesboro’s elementary school system is ranked No. 6 statewide. With more than 23,000 students and 800 faculty members, Middle Tennessee State University in 40 40 Murfresboro provides a major education and research asset for the region.

SEE VIDEO ONLINE | Take a virtual tour of Rutherford County at rceconomicguide.com, courtesy of our award-winning photographers.

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Rutherford County is the geographic and population center of Tennessee. Threequarters of the nation’s population is within a day’s drive and access to markets is a snap with easy access to three major interstates. La Vergne is home to the county’s largest industrial park, including one of the largest distribution centers in the Southeast. The county’s workforce numbers nearly 131,000, up 26 percent since 2000. Rutherford County consistently outperforms

RUTHERFORD COUNTY ECONOMIC GUIDE

Smyrna

RUTHERFORD 96 31

Murfreesboro

65 840

Eagleville

231

41A 1 24 4

Shelbyville

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ROAD READY Getting around Rutherford County is getting a bit easier thanks to two road improvement projects. The Tennessee Department of Transportation has begun improvements to State Route 99 (New Salem Highway) that will widen the two-lane road from Eagleville to State Route 269 (Concord Road/ Hoover’s Gap Road.)

EXPANSION IS ON THE MENU The Demos family has made the restaurant business a family tradition since 1943. The four-generation family company opened its flagship Murfreesboro eatery in 1989, expanded into downtown Nashville in 1992 and added two other locations in Middle Tennessee in recent years. Now, the family has opened a Demos’ Restaurant in Florence, Ala., its first location outside Tennessee.

Murfreesboro also plans improvements to Highway 99 from Old Fort Parkway to Southwest Loop Road, with bids scheduled for 2009. Meanwhile, a new State Route 840 interchange has opened at Beesley Road. Motorists living in western Murfreesboro will be able to get on the major thoroughfare and gain access to I-24 without having to drive onto Old Fort Parkway.

The restaurant offers a diverse menu of value-oriented entrees. For more, go to www.demosrestaurants.com.

SIGN OF THE TIMES Motorists will have an easier time finding attractions and points of interest thanks to the Rutherford County Convention and Visitors Bureau and Rutherford County Wayfinding Program Board. Some 135 directional and nine welcome signs have been put in place in what is the only countywide wayfinding signage project in Tennessee.

YEA FOR YEAH Youth Empowerment through Arts and Humanities is a nonprofit in Murfreesboro that gets young people involved in arts in a hands-on way. YEAH’s offerings include an after-school program that teaches kids the art of sound recording and a screen-printing club that provides hands-on experience in the design of T-shirts and fliers. The Southern Girls Rock and Roll camp lets girls from 10 to 17 learn about music performance, music appreciation and music-related arts. Ninety campers and 60 volunteers meet for one week at Middle Tennessee State University’s Wright Music Hall to develop their skills in preparation for a final showcase with professional production in front of nearly 1,000 people. For more, go to www.artsempoweryouth.org.

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business almanac

SEE MORE ONLINE See and hear a sample of Music in the Boro at rceconomicguide.com

LOTS OF FIDDLING AROUND They’ll be kicking up some dust in Cannonsburgh Village in Murfreesboro from July 10-12 at the annual Uncle Dave Macon Days.

LISTEN TO THE MUSIC The music scene and night scene are lively in downtown Murfreesboro, where venues such as the Maple Street Grill offer live entertainment, including a “music in the round” series on Wednesday nights. Professional singer/songwriter Diane Untz and her husband, Jack, host the Music in the Boro series and invite two seasoned professional singer/songwriters or independent music artists to perform with them each week. The “in-the-round” format puts the performers in the middle of the audience, creating an intimate and up-close listening experience. For more, go to www.musicintheboro.com.

The old-time music and dance festival annually gathers more than 45,000 people to honor the memory of Uncle Dave Macon, a longtime Rutherford County resident and one of the first Grand Ole Opry stars. The event has been selected by the Southeast Tourism Society as one of the Top 20 events in the Southeast. Additionally, the American Bus Association designated Uncle Dave Macon Days as one of the Top 100 Events in North America for 2008. For more, go to www.uncledave macondays.com.

SOME POSITIVE PUBLICITY You don’t have to take Murfreesboro’s word for it that it’s a great place to raise a family. Business Week in 2008 placed the city on its list of Best Places to Raise Your Kids. The magazine cited housing affordability, the presence of Middle Tennessee State University and abundant recreation and cultural options. The city, the magazine noted, “hosts a jazz and a folk music festival in the summer and most major high school sports championships. It has expansive sports fields, including a new $13 million soccer complex.”

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A N TO N Y B O S H I E R

business climate

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Taking Care of

Business

Rutherford County doesn’t sit still in attracting investment, creating jobs

T

he smart money doesn’t sit still and neither are Rutherford County business and government leaders. They continue to meet with site consultants and court potential companies to grow and diversify the region’s economy and land new business. The ongoing efforts paid off even in 2008, a difficult year that still saw creation of 1,000 jobs in the county. ClaimTrust, a medical data processing center, moved its corporate headquarters from Florida to Murfreesboro. Meiko, which makes commercial dishwashers, relocated to La Vergne. Ideal Tridon, an auto industry supplier, expanded its Smyrna plant, which created 75 to 100 jobs. Chromalox, a Michigan-based maker of industrial heating elements, added more local jobs after consolidating elsewhere in the United States. “We are still out there marketing. We are not sitting in our offices waiting for things to get better,” says Holly Sears Weber, vice president of economic development at the Rutherford County Chamber of Commerce. In September 2008, The Milken Institute/Greenstreet Real Estate partners ranked the Nashville-DavidsonMurfreesboro MSA the 15th best market for business and careers. George P. Johnson, a multimedia marketing firm that represents IBM, General Motors, Cisco Systems Inc. and other major clients at trade shows and customer events, set up its third U.S.

Scorecard RUTHERFORD COUNTY BY THE NUMBERS

255,239 County’s 2009 population

40.2 Percentage growth of population since 2000

$61,011 Average household income

95,392 Households in county

manufacturing center in La Vergne. Dan Patterson, senior vice president and general manager, says the company employs up to 40 people now and expects that to at least triple. “Our plan is to be a full-service operation,” he says. The company picked Rutherford County after looking at 28 locations. Swaying its decision was proximity to Southeast markets, skilled workforce and overall business climate. “It’s been great,” Patterson says. Hans Ott, chief executive officer of Franke USA, also is pleased. The company

makes commercial cooking equipment and helped McDonald’s refit 7,000 restaurants with cappuccino and specialty coffee machines. The business came to Tennessee in 1995 and business has expanded sixfold, Ott says. “When we originally relocated here, it was to be in a much more central position to distribute east of the Rocky Mountains,” Ott says. “We also find the people here are very friendly. We have a very loyal and good workforce, with good schools and reasonable traffic.” Franke invested $40 million in a new, 250,000-square foot headquarters complex. The move means more space for R&D, prototype manufacturing and distribution. The building is LEEDcertified and features a 168-panel solar roof array installed by LightWave Solar Electric in Nashville and exterior charging stations for electric cars. Aiding the cause is Destination Rutherford, a chamber-led public-private partnership that promotes economic development. The Rutherford County chamber also offers or administers a number of incentive programs to help businesses relocate, grow and expand. “We aren’t going to sit around and wait on the economy to get better,” says Bill Jones, Destination Rutherford chairman and area executive for Pinnacle Financial Partners. “We are out talking to site consultants and relocation consultants. The work we are doing now will pay big dividends for us.” – Pamela Coyle

Interactive marketing company George P. Johnson picked La Vergne for a fabrication facility after looking at 28 other locations.

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education

The

Secret’s

Out More Insight RUTHERFORD COUNTY SCHOOLS Rutherford County Schools educate 32,700 students in grades K-12. All 42 of its school are 100 percent accredited by the Southern Association of Colleges and Schools, with 98.5 percent of its core courses taught by highly qualified teachers. MURFREESBORO CITY SCHOOLS The district has nearly 7,100 students in grades pre-K through six. All 12 of its schools are 100 percent accredited by SACS. On the Terra Nova test administered in the spring, the grade average at all levels exceeded the national norms.

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A

Campaign spreads the word about Rutherford’s top-ranked schools

sk any relocation expert what ranks highest among companies’ criteria for a new site, and the quality of public education inevitably nears the top of the list. Yet business and public officials found that companies considering a move to Rutherford County had no idea it was home to the No. 1 English and math elementary school in the state, one of the largest universities in the Southeast and a K-12 public school system that routinely convinces residents working outside the county to buy homes in Rutherford and commute. Destination Rutherford, a public-private economic development initiative of the Rutherford County Chamber of Commerce, has launched the We Know campaign to make sure the schools are no longer a best-kept secret. “When we were sitting down with companies interested in relocating, they spent a considerable amount of time asking us about our education system,” says Rob Lyons, Murfreesboro city manager. “We knew the schools’ quality was outstanding, but since they were out of state, they didn’t know much about that. We picked up on those signals and realized we could do a lot more to get that word out.” The chamber has been a major backer of business-education alliances. Its Business Education Partnership program promotes collaborations between businesses and schools through grants, programs and services such as the BC3 Science Academy, Summer Business Camp and job shadowing. The We Know marketing campaign touts the educational and extracurricular strengths of the

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county’s public schools and Middle Tennessee State University – the largest undergraduate university in Tennessee – to corporate relocation experts and companies exploring relocation. Through an e-newsletter, DVD, Facebook page, printed materials and Web site (www. rutherfordeducation.com), We Know details local educational achievements. Among them: six middle schools in Rutherford County rank in the state’s Top 50; the Discovery School at Reeves Rogers is ranked No. 1 statewide in math and English proficiency; and Middle Tennessee State University’s College of Education draws the best and the brightest, who often stay in the community to teach. Community-based programs such as Murfreesboro Youth Orchestra, the Discovery Center at Murfree Spring and CSI: Middle Tennessee State University’s Forensic Science Camp are highlighted, as is MTSU’s partnership with local schools. The goal of the campaign is to add education to the long list of known community strengths – quality of life, a business friendly environment and proximity to urban amenities among them – that are important to businesses considering relocation, says Holly Sears Weber, vice president economic development for the Rutherford County Chamber of Commerce “They’re looking at relocating employees, and those employees’ top concern is education for their children,” Weber says. “They also want to make sure they have an educated and sustainable workforce 10 and 20 years down the road.” – Anita Wadhwani

RUTHERFORD COUNTY ECONOMIC GUIDE


A N TO N Y B O S H I E R

Destination Rutherford, a public-private economic development initiative of the Rutherford County Chamber of Commerce, has launched the We Know campaign to highlight the achievements of the countyâ&#x20AC;&#x2122;s schools and higher education institutions.

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manufacturing

Seat at the

Table

Dough, dairy help diversify Rutherford’s manufacturing base

A

healthy portion of Rutherford County’s bread and butter involves making bread and butter. Or at least bread and milk products. The county is home to a full menu of food-production operations, including baking giants General Mills and Rich Products, vegetable processor Taylor Farms, Heritage Farms Dairy, Murfreesboro Pure Milk Products and Lewis Brothers, the producer of Bunny Bread, an American classic. Such consumer staples are part of a good economic mix; even in slow economies, people buy bread and milk. Company executives praise the region for good distribution access and loyal employees. At Heritage Farms Dairy, for example, turnover among a workforce of 200 is less than 5 percent, and attendance is 99.7 percent, says Jeff Phillips, the company’s manager of human resources. Each month, Heritage Farms produces 4 million gallons of milk and culture products, such as yogurt, cottage cheese and dip, plus fresh juices. The company is owned by Kroger and supplies 205 of the grocery giant’s stores in the Southeast, though it also Rich Products makes dough for 350 types of cookies, rolls, French bread, pizza and muffins in Murfreesboro.

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“It is a great labor force. It shows in the abundance of willing workers. People here

has contracts with other food stores. “We have that capacity and flexibility,” Phillips says. “All of it is perishable. Nothing is frozen. Most of it is processed and shipped the same day.” For Rich Products, frozen is a big part of what it does. The plant, which once was considered the largest frozen-dough facility in the world, makes dough for 350 types of cookies, sweet rolls, dinner rolls, French bread, pizza and muffins. “We pride ourselves on being the brand behind the brand. We prefer that our customers get the recognition,” says Bill Calder, manufacturing director for the Rutherford County plant and several others, including two other Rich’s operations in Tennessee. The plant employs 350 people, and Calder raves about them. “It is a great labor force,” he says. “It shows in the abundance of willing workers. People here traditionally want to work.” The General Mills operation is big, too, employing more than 800 people and making it one of the county’s largest privatesector employers. The plant runs 24/7, making Pillsbury refrigerated dough products and Yoplait yogurt. The yogurt facility was built in 2001 and expanded significantly in 2007, says Pat Murphy, plant manager. “We expect to continue to grow, maybe not as much in jobs but in volume,” he says. “All our products have a relatively short shelf life, so we manufacture to demand.” Demand remains strong, and General Mills, Murphy says, “has invested significant capital in this site.” All three executives tout the location as ideal for serving the Southeast and much of the rest of the country. A solid school system translates into a good flow of qualified workers, and the overall business climate is attractive, they say. “It is a friendly, really cooperative community,” Calder says. “It is an easy place to do business.” – Pamela Coyle

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A N TO N Y B O S H I E R

traditionally want to work.”

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livability

In Rutherford County

S TA F F P H OTO

He Trusts

Rutherford Countyâ&#x20AC;&#x2122;s superior quality of life is making it a destination of choice for businesses to locate their operations.

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Health-care exec finds Murfreesboro an inviting place to relocate than 1,600 health-care-centered companies are located here,” he says. “This region is the for-profit health care capital of the country right now. More hospitals are managed out of Middle Tennessee than anywhere else in the United States.” Ferro says he specifically chose to construct his business in Rutherford County because, basically, his entire workforce resides in the county.

“I heard a statistic where 75 percent of working people who live in Rutherford County actually travel to Davidson County or Williamson County for their jobs every weekday,” he says. “I’m glad that my employees don’t need to travel far to work. As a result, they don’t have to sit in traffic for two hours a day. That’s another bonus of living and working in Rutherford County.” – Kevin Litwin

A N TO N Y B O S H I E R

J

oe Ferro decided in 2007 to relocate his ClaimTrust Inc. health-care data company from Florida to … somewhere. “My choices came down to Boston and Middle Tennessee, and Middle Tennessee won out – thankfully,” says Ferro, ClaimTrust president and CEO. “We constructed a new building in Murfreesboro and moved into it in March 2009. It was built to comfortably house about 30 employees, and we were fully staffed the day we moved in.” He adds that six of his top employees from Florida joined him on the move to Rutherford County, but those employees would not have moved if the company had relocated to Boston. Ferro says that the relocation effort to Rutherford County was made that much easier because he and his wife, Kathy, both graduated from Middle Tennessee State University in 1991. “We also both know what a great school system is in place here for our kids,” he says. “Plus we enjoy the quality of life, parks and recreation options, and the cost of living is much less expensive than Boston or South Florida. Rutherford County is very family oriented – it’s just a nice place to raise children.” Ferro founded ClaimTrust in 1998 in Fort Lauderdale, and the company’s main mission is to help hospitals make sure they are sending out insurance claims that are fully coded and documented. In other words, ClaimTrust helps hospitals get paid for the medical services they provide. Middle Tennessee and New England each offer good workforces that are highly trained in the health-care sector, so either destination would have provided top-level talent. “A key reason why we chose Rutherford County is that Middle Tennessee is not only known for country music, but more

Joe Ferro, CEO of software company ClaimTrust, relocated his headquarters from Florida to Murfreesboro, in part because of the quality of life offered.

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J. KYLE KEENER

livability

The Embassy Suites Hotel & Conference Center includes 283 guest suites and more than 43,000 square feet of meeting space.

Conference Call More Insight THE EMBASSY SUITES HOTEL & CONFERENCE CENTER in Murfreesboro is a 10-story, 283-suite hotel and 80,000-square-foot conference center. Located adjacent to The Avenue Murfreesboro retail center, the complex includes 43,000 square feet of flexible meeting space, a 28,000-squarefoot grand ballroom and state-of-the-art audiovisual technology.

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New meeting complex makes Murfreesboro a choice destination

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ecky Vealey hears the word “convenience” a lot. As director of sales for the new Embassy Suites Hotel & Conference Center, she hears from event planners who like the Murfreesboro spot because it is just off Interstate 24, adjacent to The Avenue Murfreesboro, a bustling retail development, and free of traffic and parking hassles found in large cities. The $70 million development opened in September 2008 and in March 2009 hosted a conference of Global Fire Ministries. April 2009 brought 300 military historians from across the United States. The Sons of Confederate Veterans is eying the conference center for its 2012 gathering. “It is an ideal location. It is dead center in the middle of the state,” says Mona Herring, vice president of the Rutherford County Convention & Visitors Bureau. The complex has a 28,000 square-foot ballroom and 43,000 square feet of meeting space. Younger Associates estimates the hotel and its

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meeting space will draw more than 107,000 visitors and generate nearly $18 million in spending each year. A conference for school guidance counselors sponsored by the Tennessee Department of Education used all the meeting space for breakout and general sessions. Before the venue opened, the largest available meeting space in Rutherford County could accommodate only 400 people, Herring says. The Embassy can hold several thousand. The Tennessee Society of Association Executives hosted its annual trade show at the Embassy Suites in December, and members were impressed, says Becky Shilt, executive director. Free parking and easy access to The Avenue Murfreesboro shops make the conference site even more attractive, she says. “It is absolutely beautiful, with gorgeous artwork and furnishings,” Shilt says. “They really did a fabulous job getting it together.” – Pamela Coyle

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transportation

Air & Scorecard FLIGHT PATH

$22 million Value of improvements at Smyrna Airport since 1991

100,000 Number of flight operations at the airport each year

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Ground Force Smyrna Airport attracts strong regiment of tenants

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See video of what’s taking wing at Smyrna Airport at rceconomicguide.com

A N TO N Y B O S H I E R

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usiness is brisk at the Smyrna Airport, and not only in the number of private and charter planes using its runways. The 400-acre Smyrna Airport Business Park has 33 tenants that range from aviation-related businesses to corporate headquarters operations to manufacturing enterprises. The airport itself has 5,500- and 8,000-foot runways, more than 60 acres of ramp space, and commercial and corporate hangars. Among Tennessee’s 78 general aviation airports, Smyrna, with 1,700 acres overall, is the third largest. But it also is the state’s busiest general aviation facility, with more than 100,000 flight operations a year, says John Black, executive director of the Smyrna/Rutherford County Airport Authority. The authority’s goal, says Black, is to lease the property in long-term deals, including for corporate headquarters and spec buildings. “In the last 12 months, we have entertained 10 different clients, two of them major investments with high employment numbers and high wages, which is exactly what we are after. We want to be ready when the economy moves,” Black says. “We think we are.” Video Gaming Technologies, which has operations in California, Virginia, Oklahoma and South Carolina, set up its corporate headquarters at the park, as did Dominion Financial Management, a Christian nonprofit that helps people with money management and reaching their goals. Gary Bradshaw, owner of Pilot Journey, a small, family-owned company, moved into a two-room office early in 2009. The

company helps market and promote flight schools. Bradshaw could have rented office space elsewhere, but likes planes and wanted to support the airport. “The general population has this concept that it is a bunch of rich people with their toys,” he says. “But this airport enables Nissan to quickly get its technical teams between Mississippi and Smyrna. It is also a matter of needing an air ambulance. You can pick up someone in Smyrna and take them to the Mayo Clinic. You don’t think of that until you need it,” Bradshaw says. Among manufacturers, Wearwell moved into leased space in 2007 after operating for 57 years in Nashville. The relocation allowed the maker of floor mats for the auto, medical and foodproduction industries to consolidate from three buildings into one space built to its specifications. “The closeness of employees has created, culturally, a lot stronger company,” says Elliot Greenberg, chief executive officer. “Heating and cooling is much more efficient. It is just so much more convenient, cleaner and nicer.” The Rutherford County location has made commuting easier and opened up a recruiting base that includes recent graduates of Middle Tennessee State University in Murfreesboro. Wearwell occupies 150,000 square feet now, but has room to expand. The location gives employees easy access to shopping, restaurants and banks. Even the local YMCA is only a mile away. “We see things picking up in 2010,” Greenberg says. “We want to grow.” – Pamela Coyle

Smyrna Airport is the busiest general aviation facility in Tennessee.

RUTHERFORD COUNTY ECONOMIC GUIDE

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A N TO N Y B O S H I E R

health

Joey Peay, Murfreesboro Medical Clinic CEO, stands in the lobby of the 78,000-square-foot, state-of-the-art facility the clinic has opened in the Gateway development. A planned second phase will bring the facility to 200,000 square feet.

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RUTHERFORD COUNTY ECONOMIC GUIDE


Booster Shot New facility gives Murfreesboro Medical Clinic expanded services

B

efore the new Murfreesboro Medical Clinic opened in July, space was at such a premium that surgeons performing outpatient procedures simply couldn’t handle any more cases. That all changed in July 2008, when the first phase of a new, state-of-the-art facility opened in Murfreesboro’s Gateway development. In February 2009, in just 20 working days, the new, larger suites saw 630 procedures. “Typically, we see a little of a lull at the beginning of the year, but this year we really haven’t slowed down,” says Dr. Dan Brown, the center’s anesthesiologist. The new facility has four operating rooms, three endoscopy rooms and larger pre-op and post-op areas. Outpatient surgery, plastic surgery, and physical, occupational and speech therapies are all in the new $15 million, 78,000-square-foot building. Murfreesboro Medical Clinic’s new facilities also house MRI services, as well as surgery, ophthalmology, gastroenterology and ear-nose-throat services. Other specialties, such as internal medicine/family practice, pediatrics, obstetrics/gynecology, neurology, endocrinology, dermatology, podiatry, rheumatology, urology and some radiology, remain at the clinic’s original campus in downtown Murfreesboro. The split does cause some confusion, says Joey Peay, the clinic’s chief executive officer. “Having 30 years of history

in one location and then to transition, it can be difficult to adjust,” he says. “But once patients get there, they’ve been very pleased.” The clinic and its board are now laying out the timeline for Phase 2, which will bring the new space to 200,000 square feet. The target to finish is early 2013, Peay says. Doctors and other staff are already involved in the planning, helping to decide how many exam rooms and other interior spaces they need to create good patient flow. The goal is to break ground by the end of 2011, with 16 to 18 months of building. Because Phase 1 included high-ticket items like radiology and the SurgiCenter, Phase 2, though bigger, won’t cost as much per square foot to build, Peay says. “Our expectation is not quite twice the cost of Phase I,” he says. The new Murfreesboro Medical Clinic, once complete, also will offer comprehensive breast treatment. It joins a robust lineup of health-care providers that economic development officials say help attract new businesses to the region and retain existing ones. Middle Tennessee Medical Center is in the midst of constructing a new, $287 million hospital campus in the Gateway development that is scheduled to open in 2010. And Stonecrest Medical Center in Smyrna has capped off a $6.5 million expansion that added 26 beds and

RUTHERFORD COUNTY ECONOMIC GUIDE

15,000 square feet to the 210,000-squarefoot hospital. “Quality of life, schools, recreation, retail, high quality of medical care, that’s what folks are looking for,” says Bill Jones, area executive for Pinnacle Financial Partners and chairman of Destination Rutherford, a public-private economic development initiative. – Pamela Coyle

Scorecard MURFREESBORO MEDICAL CLINIC

200,000 Size in square feet of new facility for Murfreesboro Medical Clinic

400 Total staff at clinic

60 Number of physicians on clinic staff

21,000 Average number of patients seen each month

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retail

Dressed for Success A Murfreesboro retail center fashions a major makeover

BRIAN MCCORD

S

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tones River Mall in Murfreesboro has undergone a multimillion dollar upgrade that gives the retail center the best of both worlds – a sheltered modern interior combined with an outdoor shopping promenade styled with classic lampposts, shade trees and a fountain. “We’ve made it a better place to be and a better place to shop,” says Heather Rose, the mall’s marketing manager. About 320,000 people live in the mall’s trade area, with an average household income of $57,000. The mall, built in 1992, underwent its last major upgrade in 1997. The latest upgrade added 200,000 square feet and transformed the center’s feel with Tuscan-inspired features that include Italian tile floors, arched ceilings and entrances trimmed with stack stone. As part of construction, J.C. Penney demolished its anchor store and built a new location from the ground up that is nearly twice the size of its former store. A 400-seat food court with wireless Internet opened on Penney’s old site. Dillard’s, the mall’s other anchor along with Sears, razed its old location, building a 146,000-square-foot replacement that is nearly 50 percent larger than its previous quarters. Dillard’s old home was then turned into the Shops at Stones River, a chic outdoor shopping promenade that features national retailers, including C.J. Banks, Shoe Carnival, Gap, Forever 21 and clothing retailer A’GACI. The additions increase the number of shopfronts in the mall to nearly 50, Rose says. One of the biggest newcomers to the mall is Books-A-Million, which arrived in fall 2008. Kids can enjoy the mall’s “old-time Tennessee” themed play area, which gives a nod to local history. The site includes state facts and replicas of a log cabin, a rowboat and native animals. “We have spoken to our consumers and, hopefully, we have given them what they want,” Rose says. – Sam Scott A $52 million renovation has given Stones River Mall in Murfreesboro more stores and restaurants.

RUTHERFORD COUNTY ECONOMIC GUIDE


ECONOMIC PROFILE BUSINESS CLIMATE

RUTHERFORD COUNTY POPULATION 2009 Population Estimate 255,239

Evidenced by continuing and steady economic growth for more than a decade, the climate for business in Rutherford County is one of the best in the nation. Excellent location along Interstate 24, low tax structure and competitive wages make Rutherford County a top location for corporate headquarters, manufacturing and distribution. Located in Murfreesboro, Middle Tennessee State University is the stateâ&#x20AC;&#x2122;s largest undergraduate university, with over 23,000 students.

2000 Population, 182,023 Percent change, 40%

MAJOR POPULATION CENTERS (2009) Murfreesboro, 100,798 Smyrna, 38,073 La Vergne, 31,029

MAJOR EMPLOYERS

Finance, Insurance & Real Estate, 4.2% Health Services, 8.8% Manufacturing, 22.0% Other Professional Services, 21.7% Retail Trade, 11.9% Transportation, 4.5%

(As of April 2009) Rutherford County Government 5,100 Nissan North America, Inc. 4,400 Middle Tennessee State University, 2,208 State Farm Insurance, 1,665 Alvin C. York V.A. Medical Center, 1,563

Wholesale Trade, 5.5%

AVERAGE FAMILY HOUSEHOLD INCOME

COST OF LIVING COMPARISON Murfreesboro and Smyrna Composite, 88.7 Grocery Items, 95.7

Utilities, 86.8

Murfreesboro, $69,493

Transportation, 91.6

Smyrna, $66,129

Health Care, 96.4

La Vergne, $71,721

Misc. Goods & Services, 98.1 Source: ACCRA Cost of Living Index, May 2009 (Composite Index=100)

RETAIL SALES

Verizon Wireless, 1,122

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Ingram Book Company, 815

Civilian Labor Force, 130,930 (2008)

Total Housing Units 95,392

Rutherford County, $70,681

Middle Tennessee Medical Center, 1,300

LABOR FORCE

Median Home Value $157,000

Housing, 73.5

Bridgestone/Firestone, Inc. 1,466

Asurion, 1,098

HOUSING MARKET

Total retail sales in region 2008, $5.24 billion

More facts, stats and community information, including links to business resources.

2000-2008 Growth, 26% Unemployment Rate (2008) Annual Average 5.7%

2000, $1.89 billion

FOR MORE INFORMATION Rutherford County Chamber of Commerce 501 Memorial Blvd. Murfreesboro, TN 37129

MAJOR INDUSTRY SECTORS

Phone: (615) 869-0345

(Percentage of total workforce)

www.rutherfordchamber.org/ed

Accommodation & Food Services, 9.2%

SOURCES:

Construction, 4.5% Educational Services, 7.7%

RUTHERFORD COUNTY ECONOMIC GUIDE

Email: hsweber@rutherford chamber.org

www.rutherfordchamber.org/ economic-development

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site guide LA VERGNE

LA VERGNE

The following properties are available for lease and/or sale in Rutherford County. The listings are organized first by city (La Vergne, Murfreesboro or Smyrna) and then by type of listing (Industrial, Land or Office/Retail). The sites are presented in descending order of acres/square footage of available space; columns should be read down first, rather than left to right. Note: These listings were provided by the Rutherford County Chamber of Commerce and were considered correct at the time of publication (July 2009). However, due to the nature of real estate, the information and availability may change during the lifetime of this publication, and accuracy cannot be guaranteed. We suggest you contact the agent listed to verify or provide further information. Also, up-to-date information may be obtained by calling the Rutherford County Chamber of Commerce at (615) 869-0345.

CentrePointe 1 Distribution Park

315 Techpark Drive

(INDUSTRIAL) Square Footage: 268,800 Divisible Lease: Call Comments: Tilt up construction, 42 loading docks, 2 drive-in doors, 26’5” ceiling height, 2,500 amp 480 volt three phase electrical, 40’ x 50’ column spacing, office +/-4,100 sq. ft. Contact: Wes Thomas Nashville Commercial Real Estate (615) 727-7429 wthomas@ncres.com

(INDUSTRIAL) Square Footage: 25,000 to 237,500 Lease: $4.02 Gross (Operating expenses estimated at $0.77/sq. ft) Comments: Front facade and entrances will be remodeled in Spring 2009, 22.5’ to 26.5’ clear height, 50’ x 50’ column spacing, ventilation, gas heat, tilt wall construction, ESFR sprinker. Contact: Ben H. Goodwin Knestrick Properties, LLC (615) 346-0290 bgoodwin@knestrick.com

LA VERGNE LA VERGNE

LA VERGNE

Mid South Logistics Center Building 1 I-24 Distribution Center #2 (INDUSTRIAL) Square Footage: +/-307,200 Lease: Negotiable Comments: 15,000 sq. ft. office, 32’ clear height, 480’ cross dock, 48 dock positions, 1 drive-in ramp, 11 pit-style dock levelers, 480/277V, 3 phase, 1,200 amp service, electric louvers installed. Contact: Christian Weber ProLogis (615) 831-5911 cweber@prologis.com

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(INDUSTRIAL) Square Footage: 243,512 divisible to 100,000

Three Oaks Industrial Park, Phase II (INDUSTRIAL) Square Footage: 207,500

Lease: Call

Lease: $3.25/N

Comments: Distribution space located in the Mid South Logistics Center. Concrete tilt wall construction, 50’ x 50’ column spacing, 30’ clear height, ample trailer parking.

Comments: Building is divisible to 40,000 sq. ft., excellent central location between two interstate interchanges, convenient access to I-24, easy ingress/egress to park, front load building.

Contact: John Ward Colliers Turley Martin Tucker (615) 301-2834 jward@ctmt.com

Contact: David McGahren Colliers Turley Martin Tucker (615) 301-2800 dmcgahren@ctmt.com

RUTHERFORD COUNTY ECONOMIC GUIDE


LA VERGNE

LA VERGNE

LA VERGNE

CentrePointe 7 Distribution Park

129 International Boulevard

(INDUSTRIAL) Square Footage: 197,400 Divisible

(INDUSTRIAL) Square Footage: 64,800

Lease: Call

Lease: Call

(INDUSTRIAL) Square Footage: 50,404

Comments: New tilt up construction, 37 loading docks, one 14’x16’ drive-in door, 30’ ceiling height, 2,000 amp three phase electrical, 52 1/2’ x 50’ column spacing, excellent access to I-24.

Price: Call

Lease: $3.65 per sq. ft. N

Comments: 5,850 sq. ft. office, 30’x60’ column width, electrical outlets in columns, 400 amp metal halide lighting set for racking, sky lights, 2-2,000 amp 480/277 volt services.

Comments: Excellent central location between two interstate interchanges, convenient access to I-24, high quality corporate image, excellent visibility, rear load building. Could be combined for total space of 109,386 sq. ft.

Contact: Wes Thomas Nashville Commercial Real Estate (615) 727-7429 wthomas@ncres.com

Contact: Randy Wolcott ProVenture Commercial Real Estate (615) 376-3248 rwolcott@pvcre.com

LA VERGNE

Three Oaks Industrial Park, Phase I

Contact: David McGahren Colliers Turley Martin Tucker (615) 301-2800 dmcgahren@ctmt.com

LA VERGNE LA VERGNE

Mason Road Distribution Center (INDUSTRIAL) Square Footage: 186,493 Lease: $3.25 per sq. ft. N Comments: Warehouse/distribution space, concrete tilt-up construction, 50’ x 50’ column spacing. Contact: John Ward Colliers Turley Martin Tucker (615) 301-2834 jward@ctmt.com

Three Oaks Industrial Park, Phase I

290 Techpark Drive

(INDUSTRIAL) Square Footage: 58,982

(INDUSTRIAL) Square Footage: 16,000 to 50,000

Lease: $3.60 per sq. ft. N

Lease: Call

Comments: Excellent central location between two interstate interchanges, convenient access to I-24, high quality corporate image, excellent visibility, rear load building. Could be combined for total space of 109,386 sq. ft.

Comments: Build to suit, dock, high rear loading, drive in door, 28’ clear height, parking for 80 cars, drive-in possible.

Contact: David McGahren Colliers Turley Martin Tucker (615) 301-2800 dmcgahren@ctmt.com

RUTHERFORD COUNTY ECONOMIC GUIDE

Contact: Ben H. Goodwin Knestrick Properties, LLC (615) 346-0290 bgoodwin@knestrick.com

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site guide LA VERGNE

LA VERGNE

295 Industrial Boulevard

1270 Heil Quaker Boulevard

La Vergne Business Park

(INDUSTRIAL) Square Footage: 49,920

(INDUSTRIAL) Square Footage: 44,900 w/ 4,625 Office Space

(INDUSTRIAL) Square Footage: +/-37,345

Lease: $5 per sq. ft. Comments: Fully air-conditioned, business park environment, 3.38 acres, 2,000 amp 480 volts, 2,000 sq. ft. office, 18’ to 22’ clear height, 7 dock high doors with seals, edge of dock levelers. Contact: Ben H. Goodwin Knestrick Properties, LLC (615) 346-0290 bgoodwin@knestrick.com

LA VERGNE

Lease: $3.25 per sq. ft. NNN

Comments: On +/-2.36 acres. Crane served building in La Vergne Business Park just off Murfreesboro Road near Sam Ridley Parkway; Heavy manufacturing amenities. 5 docks and 3 drive-in doors.

Contact: Ronald E. Wenzler Colliers Turley Martin Tucker (615) 301-2803 rwenzler@ctmt.com

Contact: Terry C. Smith Charter Development Company (615) 329-8000 info@charterdevelopment.com

LA VERGNE

LA VERGNE

Interchange City Distribution Center #1

(INDUSTRIAL) Square Footage: 47,347

(INDUSTRIAL) Square Footage: 42,035

Lease: Call

Lease: Negotiable

Comments: 5,600 sq. ft. office, 4 dock doors, 2 doors with levelers and seals, 1 drive-in door, 220 acre controlled industrial campus, excellent access to I-24.

Comments: 1,044 sq. ft. office, 24’ clearance height, 50’ x 45’ column spacing, 4 dock doors with mechanical levelers, 1 drive-in door, 130’ truck court, fire sprinklered, easy access to I-24.

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Lease: $5.25 NNN

Comments: 22 ft. clear height, 40’ x 40’ pole to pole bay spacing, four 8’ x 10’ roll up dock doors, 1 drive-in door, 400 amp 208 volt 3-phase electrical, available immediately.

CentrePointe 2 Distribution Park

Contact: Wes Thomas Nashville Commercial Real Estate (615) 727-7429 wthomas@ncres.com

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LA VERGNE

Contact: Christian Weber ProLogis (615) 831-5911 cweber@prologis.com

325 Industrial Boulevard (INDUSTRIAL) Square Footage: 15,750 to 31,500 Lease: Call Comments: Will build to suit, one or two tenant building, 150’ x 225’, 8 docks, one drive-in possible, 24’ clear height, oustanding exposure to I-24. Contact: Ben H. Goodwin Knestrick Properties, LLC (615) 346-0290 bgoodwin@knestrick.com

RUTHERFORD COUNTY ECONOMIC GUIDE


LA VERGNE

LA VERGNE

LA VERGNE

1382 Heil Quaker Boulevard

104 Armstrong Court

Jefferson Pike Business Center

(INDUSTRIAL) Square Footage: 27,477

(INDUSTRIAL) Square Footage: 24,000

(INDUSTRIAL) Square Footage: 14,400

Lease: $5.50 per sq. ft. Net

Lease: $4.95 per sq. ft. Net

Lease: $7.50 G

Price: $1,495,000

Comments: 1 dock door with 3 more available; 4 drive-in doors with 2 drive-thru bays available; +/-3,248 SF office; +/-4.74 fully-fenced and gated acre site.

Comments: Building # 3: Twotenant, 14,400 sq. ft. facility with 7,200 sq. ft. available per side. Building #1: 19,200 sq. ft. with 4 office/warehouse spaces; second building is fully leased.

Comments: Extra land available – sold separately – +/-4.14 acres; +/-4,000 sq. ft. office with 14’ clear height and 100% HVAC production facility; expandable, ample parking and 3 dock doors. Contact: Robert Stout Charles Hawkins Co. (615) 345-7210 rstout@chco.com

Contact: Robert Stout Charles Hawkins Co. (615) 345-7210 rstout@chco.com

Contact: Terry C. Smith Charter Development Company (615) 329-8000 info@charterdevelopment.com

LA VERGNE LA VERGNE

LA VERGNE

1234 Bridgestone Parkway 1121 Firestone Parkway (INDUSTRIAL) Square Footage: 24,704 Price: $2,600,000 Comments: 13,520 sq. ft. service garage with truck wash, 6,348 sq. ft. office and driver lounge, 4,836 sq. ft. warehouse. Contact: Bo Fulk ProVenture Commercial Real Estate (615) 221-6650 bfulk@pvcre.com

(INDUSTRIAL) Square Footage: 17,200 Lease: $20,000 per month Price: $3,000,000 Comments: 6,220 sq. ft. office, above-ground fuel tanks, in-ground service pit, truck wash, paved and lighted, fenced. Contact: Bo Fulk ProVenture Commercial Real Estate (615) 221-6650 bfulk@pvcre.com

RUTHERFORD COUNTY ECONOMIC GUIDE

Stones River Industrial Park (INDUSTRIAL) Square Footage: +/-13,500 Lease: $5.25 NNN Comments: Free standing single tenant warehouse. Located in the Stones River Industrial Park off Murfreesboro Road; 600 amps, 480 volts, 3 phase power, 1,050 sq. ft. mezzanine storage area above office. Contact: Terry C. Smith Charter Development Company (615) 329-8000 info@charterdevelopment.com

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site guide LA VERGNE

LA VERGNE

LA VERGNE

381 Waldron Road

Stones River Industrial Park

144 Bain Drive, Suite 200

(INDUSTRIAL) Square Footage: 10,470

(INDUSTRIAL) Square Footage: +/-8,676

(INDUSTRIAL) Square Footage: +/-4,675

Lease: $10,500 per month net

Lease: $5.25 NNN

Price: $1,695,000

Comments: Free standing single tenant warehouse. Located in the Stones River Industrial Park off Murfreesboro Road; 400 amps, 240 volts, 3 phase power, 1,050 sf mezzanine storage area above office.

Lease: $12 Office, $5 Warehouse Gross

Comments: Located on the corner of Waldron Road and Jones Boulevard, 1 drive-in bay and 1 wash bay including a +/-1,420 sq. ft. 2nd floor office and +/-4.76 acre fenced site. Contact: Matt Sherrill Charles Hawkins Co. (615) 345-7218 msherrill@chco.com

LA VERGNE

Contact: Terry C. Smith Charter Development Company (615) 329-8000 info@charterdevelopment.com

Comments: Nice small tenant space in a larger owner occupied building; just off Waldron Road with easy access to I-24. Contact: Terry C. Smith Charter Development Company (615) 329-8000 info@charterdevelopment.com

LA VERGNE

LA VERGNE

I-24 & Waldron Road Stones River Industrial Park (INDUSTRIAL) Square Footage: 9,511 Lease: $5.25 NNN Comments: Free standing single tenant warehouse. Located in the Stones River Industrial Park off Murfreesboro Road; 400 amps, 480 volts, 3 phase power, 1,050 sq. ft. mezzanine storage area above office.

1500 Heil Quaker Boulevard (INDUSTRIAL) Square Footage: 7,200

(LAND) Acreage: 90 Lease: TBD Price: TBD

Lease: $10 NNN Price: $500,000 Comments: Trailer parking possible, divisible by 3,600 sq. ft. Contact: Randy Wolcott ProVenture Commercial Real Estate (615) 376-3248 rwolcott@pvcre.com

Comments: Property is being graded. I-24 frontage, will grade to suit. Contact: Randy Wolcott ProVenture Commercial Real Estate (615) 376-3248 rwolcott@pvcre.com

Contact: Terry C. Smith Charter Development Company (615) 329-8000 info@charterdevelopment.com

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RUTHERFORD COUNTY ECONOMIC GUIDE


LA VERGNE

Three Oaks Industrial Park, Phase III (LAND) Acreage: 17 Price: $150,000 per acre Comments: Mason Road and Ingram Boulevard. Contact: David McGahren Colliers Turley Martin Tucker (615) 301-2800 dmcgahren@ctmt.com

LA VERGNE

LA VERGNE

CentrePointe Land

Southway Industrial Park Lots

(LAND) Acreage: 10.68

(LAND) Acreage: +/-2.05 to 4.51

Price: $6.00 per sq. ft.

Price: $125,000 per acre

Comments: Interstate 24 visibility, easy access off of Waldron Road.

Comments: New industrial lots for sale. Zoned I-2, Heavy Industrial; great location just off Waldron Road with easy access to I-24. More than 8 acres can be assembled together.

Contact: David McGahren Colliers Turley Martin Tucker (615) 301-2800 dmcgahren@ctmt.com

LA VERGNE LA VERGNE

Contact: Terry C. Smith Charter Development Company (615) 329-8000 info@charterdevelopment.com

LA VERGNE

480 Mason Road Highway 41 & Murfreesboro Road

(LAND) Acreage: +/-5

(LAND) Acreage: 10.96

Price: $695,000

Price: Call Comments: Six lots available, +/-0.8 acre to +/-10.96 acre lots available, call for acreage and pricing. Contact: Steven Dotson Red Realty (615) 896-1400 sdotson@redsavesgreen.com

Comments: Zoned I-2 heavy industrial with 480 feet of frontage on Mason Road. Can be subdivided into two 2.5-acre pieces. Contact: Matt Sherrill Charles Hawkins Co. (615) 345-7218 msherrill@chco.com

RUTHERFORD COUNTY ECONOMIC GUIDE

1535 Heil Quaker Boulevard (LAND) Acreage: 3.27 Lease: Build to Suit Price: Build to Suit Comments: Available for Build to Suit 10,000-25,000 sq. ft. Contact: Randy Wolcott ProVenture Commercial Real Estate (615) 376-3248 rwolcott@pvcre.com

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CONSOLIDATED UTILITY DISTRICT

LA VERGNE

Parthenon Parkway (LAND) Acreage: +/-2.54

Providing Service for Today • Building for the Future

Mission Statement To provide safe drinking water for all residential, industrial and governmental agencies.

Price: $1,525,000 Comments: Great commercial location with two curb cuts.

Consolidated Utility District is the largest water utility in Tennessee with over 1,280 miles of water line and over 46,000 accounts.

709 New Salem Highway • Murfreesboro, TN 37129 (615) 893-7225 • www.cudrc.com

Contact: Robert Stout Charles Hawkins Co. (615) 345-7210 rstout@chco.com

LA VERGNE

Waldron Road Business Center (LAND) Acreage: 2.38 Price: $200,000 per acre Comments: Divisible. Gas, sewer & high pressure water line. Immediate access to I-24. Contact: Randy Wolcott ProVenture Commercial Real Estate (615) 376-3248 rwolcott@pvcre.com

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site guide LA VERGNE

MURFREESBORO

MURFREESBORO

6001 Jackson Square

Elam Farms Distribution Park

1154 Park Avenue

(OFFICE/RETAIL) Square Footage: 4,562

(INDUSTRIAL) Square Footage: 219,000

(INDUSTRIAL) Square Footage: 96,168

Lease: $15.50 per sq. ft. N

Lease: $3.45-$3.55 per sq. ft. Net

Lease: $12 per sq. ft. per year

Comments: 2 office suites available (1,762 and 2,800 sq. ft.) for lease at Jackson Square Business Center. Center is located next door to the new Kroger Center.

Comments: Divisible to 50,000. Class A Industrial Park located off Joe B Jackson Parkway. Park capable of a total of 2,250,000 sq. ft., 50’x50’ Column Spacing, 800 Amps 3 phase Power.

Price: $6,760,800

Contact: Stephen Prather Charles Hawkins Co. (615) 345-7254 sprather@chco.com

Contact: David McGahren Colliers Turley Martin Tucker (615) 301-2800 dmcgahren@ctmt.com

MURFREESBORO MURFREESBORO

Comments: Attractive brick front with glass entries. This location is in an industrial park near downtown Murfreesboro and Interstate 24. Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

MURFREESBORO

1209 Park Avenue (INDUSTRIAL) Square Footage: 223,000 Lease: $4.25 per sq. ft. per year Price: $9,315,000 Comments: Approximately 41,000, 80,000, or 102,000 sq. ft. available separately or 223,000 total sq. ft. Railroad access and near Highway 231, Interstate 24, and downtown Murfreesboro. Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

6776 Old Nashville Highway (INDUSTRIAL) Square Footage: 157,042 (in 7 buildings) Price: $1.1 million Comments: Re-development opportunity. Contact: Sonya Rucker CB Richard Ellis (615) 248-1160 sonya.rucker@cbre.com

RUTHERFORD COUNTY ECONOMIC GUIDE

809-811 Commercial Court (INDUSTRIAL) Square Footage: 33,742 Lease: Call Comments: 2 drive-in doors, 4 dock doors, 2.5-acre lot size. Contact: Jim Smythe Jim Smythe Leasing (615) 400-7772 jimsmythe@bellsouth.net

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site guide MURFREESBORO

MURFREESBORO

MURFREESBORO

971 Esther Lane

Haley Road

(INDUSTRIAL) Square Footage: 30,000

(INDUSTRIAL) Square Footage: 19,600

Esther Lane & Sarah Court Warehouse

Lease: $6.00 per sq. ft. per year

Lease: Call

(INDUSTRIAL) Square Footage: +/-9,000

Price: $3,450,000

Price: Call

Lease: $7.33 IG

Comments: Attractive building divided into two separate 30,000 sq. ft. spaces. This new attractive warehouse is located on I-24 with excellent traffic and exposure.

Comments: +/-1,600 sq. ft. office, 24’ clear height, 1 dock door, four 12’ X 16’ drive-in doors, 3 Phase 200 amp power, 6” 3,000 PSI concrete slab foundation.

Comments: Multi-tenant building totaling 20,625 sq. ft. with 9,000 sq. ft. for lease. Located off Middle Tennessee Boulevard with access to I-24. 400 amps, 480 volts, 3-phase power.

Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

Contact: Robby Davis Colliers Turley Martin Tucker (615) 301-2920 rdavis@ctmt.com

Contact: Terry C. Smith Charter Development Company (615) 329-8000 info@charterdevelopment.com

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1222 Park Avenue 920 Esther Lane (INDUSTRIAL) Square Footage: 22,500 Price: $1,700,000 Comments: Attractive brick front with fenced-in side and rear. This building is conveniently located in an Industrial Park fronting on I-24. Contact: Leasing and Sales Department Swanson Developments, LP (615) 896-0000 leasing2@swansondev.com

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Victory Station

(INDUSTRIAL) Square Footage: 19,300

(LAND) Acreage: 169

Lease: $8.50 per sq. ft. per year

Price: Call

Price: $3,132,000 Comments: Currently available are 2 sections – a 16,000 sq. ft. section and a 3,300 sq. ft. section. This building is located in the industrial park on Park Avenue. Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

Comments: This acreage is part of Victory Station’s 250 acre PUD and consist of live/work, townhomes, commercial, health services, retail, restaurants and multi-family. Located near the Blackman School Campus. Contact: Leasing and Sales Department Swanson Development (615) 896-0000 leasing2@swansondev.com

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Molloy Lane & I-24

Lasseter Land

Manson Pike Crossing

(LAND) Acreage: 163

(LAND) Acreage: 139.72

(LAND) Acreage: 65 acres

Price: $135,000

Price: $40,000 per acre

Price: Negotiable

Comments: The new I-24 exit at Highway 99 (Salem Hwy) gives excellent access to the site, which is between two interchanges.

Comments: Ideal for industrial development, flat topography, over 1 mile of frontage on I-24, currently zoned agricultural, 8 billboard locations on site.

Comments: Located along the I-24 interchange at Manson Pike/Medical Center Parkway. The Avenue, MTMC, Embassy Suites Hotel, Manson Pike Crossing and significant residential growth all draw traffic to/from this new interchange.

Contact: Leasing and Sales Department Swanson Development (615) 896-0000 leasing2@swansondev.com

Contact: John Ward Colliers Turley Martin Tucker (615) 301-2834 jward@ctmt.com

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Contact: Charles A. Waite Puckett Creek Station, LLP (904) 607-5351 cwaite@summitcontractors.com

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Joe B. Jackson/Jackson Park (LAND) Acreage: 150 Price: Call Comments: Zoned Industrial. Adjacent to the new Joe B. Jackson interchange with easy access to I-24. All utilities to site. Up to 150 acres available. Contact: John Harney The Parks Group (615) 896-4045 jharney@ theparksgroupcommercial.com

I-840, Beasley Road & Burnt Knob Road (LAND) Acreage: +/-123 Price: $13,038,000 Comments: Lot 1: +/-120 Acres, high visibility from I-840, road frontage on Beasley Road, Vaughan Road and Burnt Knob Road. Lot 2: +/-3 acres, triangle parcel on opposite side of I-840. Contact: Steven Dotson Red Realty (615) 896-1400 sdotson@redsavesgreen.com

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Murfreesboro Gateway (LAND) Acreage: 60 Price: Call Comments: 400-acre mixed-use complex owned by the city, located adjacent to I-24 via Medical Center Parkway interchange. A unique development ideal for corporate headquarters, R&D centers and Class A office space. Contact: Holly S. Weber Rutherford County Chamber of Commerce (615) 869-0345 hweber@rutherfordchamber.org

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U U U U

Commercial/Industrial Wiring Design/Build Ball Park Lighting Traffic Signalization

Ser ving Ruther ford County Since 1963 Contact: Richie Bolin, President 952 New Salem Road Murfreesboro, TN 37129 (615) 893-2511

WWW.SANDWCONTRACTING.COM

Manson Pike/Fortress Boulevard Corridor (LAND) Acreage: 45 Price: Call Comments: Divisible from 1-10 acres. Located at I-24 and Exit 76 in Murfreesboro with interstate visibility. Easy access to Medical Center Parkway and The Avenue Development. Contact: John Harney The Parks Group (615) 896-4045 jharney@ theparksgroupcommercial.com

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CREATING A BETTER QUALITY OF LIFE. Water Sanitary Sewer Repurified Water Stormwater

RiverWatch (LAND) Acreage: 41.74 Price: $7,900,000 Comments: Great location at the new I-24 interchange at New Salem Highway and Warrior Drive. Murfreesboro Water and Sewer Department 300 N.W. Broad St. (615) 848-3209 www.murfreesborotn.gov/government/ water_sewer/water_sewer_index.htm

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Contact: John Harney The Parks Group (615) 896-4045 jharney@ theparksgroupcommercial.com

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Beesley Road Land

Cason Square

Gateway Boulevard

(LAND) Acreage: +/-41

(LAND) Acreage: 12.065

(LAND) Acreage: 7.75

Price: $120,000/Acre

Price: Call

Price: Call

Comments: Great access and visibility from SR 840. Flat topography. Blackman area near Medical Center Parkway.

Comments: Land may be split into smaller tracts. Located off I-24 and Cason Lane. Property in expanding business area. Currently surrounded by retail shops, a movie theater and medical offices.

Comments: 2 parcels available (Lots 4 & 5) for development. Perfect location for medical office building or hotel.

Contact: J. P. Lowe Charles Hawkins Co. (615) 345-7212 jplowe@chco.com

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Contact: Rachel Millar Smith Design/ Build (615) 896-4750 rachel@smithbuildinggroup.com

Contact: Bob Biscan Robert S. Biscan & Co. (615) 371-8432 bbiscan@biscanconstruction.com

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Memorial Boulevard Sites (LAND) Acreage: +/-29.37 Price: $7,175,000 Comments: Currently zoned OGR and RS-15. Great location on Memorial Boulevard near Thompson Lane. Contact: John Harney The Parks Group (615) 896-4045 jharney@ theparksgroupcommercial.com

Church Street Out lots Gateway Outparcels (LAND) Acreage: 11 Price: Call Comments: 1.5-11 acres available. Located in the Gateway. Several sites available for Class A medical office buildings. There is also a 1.92acre site designated for a fine dining restaurant. Contact: John Harney The Parks Group (615) 896-4045 jharney@ theparksgroupcommercial.com

RUTHERFORD COUNTY ECONOMIC GUIDE

(LAND) Acreage: 1.1 and 7.5 parcels Price: $ 850,000 (1.1 acre) and $1.2 million (7.5 acre) Comments: 1.1-acres with Church Street frontage. Perfect for restaurant or automotive use. Back lot great site for self storage. Owner would consider a build to suit for office or doctor. Contact: Elizabeth Davidson Holrob (615) 564-2274 edavidson@holrob.com

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840 and Broad

Old Fort Parkway/Highway 96

River Rock Boulevard

(LAND) Acreage: 5.11 acres

(LAND) Acreage: +/-3.8 and +/-5 Lots

(LAND) Acreage: +/-2.75

Lease: $0.45/sq. ft/year

Price: +/-3.8 Acre Price: $1,800,000; +/-5 Acre Price: $2,395,000

Price: $958,000

Price: $9.50/sq. ft. Comments: Largest road front lot (1,260 ft) on NW Broad between Murfreesboro and Nashville. Property has city sewer. Full railroad access. Minimum 3-year lease. For more information, visit www.840andbroad.com. Contact: Phil Watts (615) 971-0777 watts4light@yahoo.com

Comments: +/-3.8-acre Lot: 242’ frontage x 650’ left line, will sell corner for $20 per sq. ft.. +/-5-acre Lot: 370’ frontage x 600’ sideline.

Comments: Zoned CH, great site for office, retail, hotel or commercial. Approximate dimensions: 360’ of frontage, 225’ left-side line, 396’ right-side line.

Contact: Steven Dotson Red Realty (615) 896-1400 sdotson@redsavesgreen.com

Contact: Steven Dotson Red Realty (615) 896-1400 sdotson@redsavesgreen.com

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Westgate 950 North Thompson Lane (LAND) Acreage: +/-5.01 Price: Call Comments: Adjacent to the New Middle Tennessee Medical Center, ideal for medical office, general office or retail. Level topography, potential partial lease back from seller, All Utilities Available, +/-418 ft. road frontage. Contact: Ben Burns Colliers Turley Martin Tucker (615) 301-2801 bburns@ctmt.com

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Memorial Boulevard & Regal Drive

(LAND) Acreage: 4

(LAND) Acreage: +/-1.5

Price: Call Comments: Very convenient to I-24! Directly off Interstate. Great spot for any commercial venture. Easy signaled access to South Church St. at Exit 81. Contact: Rachel Millar Smith Design/ Build (615) 896-4750 rachel@smithbuildinggroup.com

Price: Call Comments: +/-1.0 acre and +/-1.5 acre lots available, 15 office lots (+/-20,000 sq. ft.). Will sell lots or build to suit. All brick exteriors, sidewalks. Print or download a proposed siteplan at: www.dotsonandcompany.com/ 4sale.html. Contact: Steven Dotson Red Realty (615) 896-1400 sdotson@redsavesgreen.com

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The Avenue Murfreesboro

Westlawn

The Gateway Village

(OFFICE/RETAIL) Square Footage: 807,414

(OFFICE/RETAIL) Square Footage: 400,000

(OFFICE/RETAIL) Square Footage: Proposed 135,600

Lease: Call

Lease: Call

Lease: TBD

Comments: Min. divisible 1,200 sq. ft. Major tenants: Belk, Barnes & Noble, Old Navy, Best Buy, Dick’s Sporting Goods, Ann Taylor Loft, White House Black Market, Express & Jared Galleria of Jewelry.

Price: Call

Comments: Gateway Village, Murfreesboro’s newest mixed-use lifestyle center. LEED certified, office, retail, restaurants and residential.

Contact: Vince O’Toole Cousins Properties Inc. (972) 432-3611 vinceotoole@cousinsproperties.com

Comments: On the new Beesley Road Interchange off SR 840. Outparcels available and up to 400,000 sq. ft of retail space. Can also accommodate office users within certain sections of our development. Contact: Micah Lacher Holrob (615) 564-2270 mlacher@holrob.com

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Existing Middle TN Medical Center (OFFICE/RETAIL) Square Footage: Approximately 475,000

The Offices at Gateway (OFFICE/RETAIL) Square Footage: 250,000

Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

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DePaul Building (OFFICE/RETAIL) Square Footage: 55,000

Lease: $22-26 per sq. ft.

Lease: $19.05 NNN

Comments: Existing hospital and medical facility of approximately 18 acres, 4 blocks from downtown Murfreesboro and 4 blocks from MTSU. All buildings updated to current usage needs. Excellent opportunity for redevelopment.

Comments: +/-200 acres in two phases. Buildings from 6,000250,000 sq. ft. Concept also includes space for support services: food, office supply and personal care services. Location provides flexibility and visibility with easy access from the interstate system and local residential communities. www.gatewaytn.com.

Comments: New construction for medical use and adjacent to the new Middle Tennessee Medical Center. Shell space with generous tenant improvement options. Convenient to The Avenue, downtown Murfreesboro and I-24.

Contact: JT Martin Southeast Venture (615) 250-8669 jtmartin@southeastventure.com

Contact: Richard A. Fleming Nashville Commercial Real Estate (615) 727-7416 dfleming@ncres.com

Lease: N/A Price: Call

RUTHERFORD COUNTY ECONOMIC GUIDE

Contact: JT Martin Southeast Venture (615) 250-8669 jtmartin@southeastventure.com

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Stone Gate Corporate Center IV (OFFICE/RETAIL) Square Footage: Up to 53,000 Lease: $21.50 per sq. ft. Comments: New Class A office address located in the Gateway Office Park. Excellent corporate headquarters location. Minutes from the new Exit 76 at I-24. Contact: John Harney The Parks Group (615) 896-4045 jharney@theparksgroup commercial.com

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For almost 30 years, our success has been built upon our employees’ commitment to producing brands that consumers trust and value.

We’re proud to be in Rutherford County.

www.generalmills.com

Shoppes at Middle Tennessee (OFFICE/RETAIL) Square Footage: 48,000 Lease: $20 per sq. ft. per year Price: $5,765,000 Comments: This building has a total of 72,429 sq. ft. of space plus two development parcels. This building is located on a five-lane street between MTSU and Interstate 24. Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

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The Avenue

Waterstone Business Center

Rutherford Crossing

(OFFICE/RETAIL) Square Footage: 30,549

(OFFICE/RETAIL) Square Footage: Up to 22,000

(OFFICE/RETAIL) Square Footage: 10,502

Lease: Call

Lease: Call

Lease: $20 per sq. ft.

Comments: 1,500-30,549 sq. ft. of available space. 2nd story Class A office above retail. Visibility from/ easy access to Medical Center Parkway and I-24. Adjacent to Embassy Suites Hotel & Conference Center.

Comments: Class A Office Condominiums strategically located in the Gateway district adjacent to the City’s new Gateway Park, Middle Tennessee Medical Center and within walking distance to the Greenway.

Comments: 1,400-10,502 sq. ft. of available space. New Kroger anchored retail center 2 miles from MTSU. Available now!

Contact: Greg Coleman Colliers Turley Martin Tucker (615) 301-2918 gcoleman@ctmt.com

Contact: John Harney The Parks Group (615) 896-4045 jharney@ theparksgroupcommercial.com

Contact: Kay O. Berry Vision Real Estate, LLC (615) 467-3788, Ext. 12

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Providence Pointe Center (OFFICE/RETAIL) Square Footage: 8,500 Lease: $12.50 per sq. ft. per year

The Oaks Shopping Center (OFFICE/RETAIL) Square Footage: 30,000 Lease: Call Comments: 1,000-30,000 sq. ft of available space. The Oaks is a 300,000-sq. ft. retail center located at Medical Center Parkway and Thompson Lane. Anchored by BBB, Marshalls, Stein Mart, Ashley Furniture, etc. Contact: Rhonda Thomas Resource Realty, LLC (615) 595-2450 rthomas@parkescompanies.com

855 West College Street

Price: $2,875,000

(OFFICE/RETAIL) Square Footage: 14,800

Comments: This property is located less than one mile from MTSU’s campus and consists of 8,500 sq. ft. retail, 84 mini storage units and a 6 bay carwash.

Lease: $4 to $9 per sq. ft. gross Comments: 2,160-14,800 sq. ft. of available space. Warehouse, office or retail – near the intersections of Medical Center Parkway, Broad Street and College Street. Dock and drive-in doors with ample parking. Contact: Michael Groos Charles Hawkins Co. (615) 345-7209 mgroos@chco.com

RUTHERFORD COUNTY ECONOMIC GUIDE

Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

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The Memorial Shops

The Shoppes at Gateway Corner

412 Golden Bear Court

(OFFICE/RETAIL) Square Footage: 7,600

(OFFICE/RETAIL) Square Footage: 6,000

Lease: $21 per sq. ft.

Lease: Call

(OFFICE/RETAIL) Square Footage: 5,155; additional 900 also available

Comments: Class A neighborhood retail center with excellent traffic counts, demographics and unbeatable visibility.

Comments: 1,000-6,000 sq. ft available. Newest retail center in The Gateway; next to new Middle Tennessee Medical Center. 98,000 persons within 5-mi radius; 32,000 ADT on Medical Center Parkway.

Contact: Elizabeth Davidson Holrob (615) 564-2274 edavidson@holrob.com

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Contact: Rhonda Thomas Resource Realty, LLC (615) 595-2450 rthomas@parkescompanies.com

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Lease: Call Comments: New, attractive brick building with covered dock and grade door. 655 sq. ft. office space. Separate office entrance with restrooms, kitchenette, and storage. 200 amp 3 phase. Easy access to I-24 at Exit 81! Contact: Rachel Millar Smith Design/ Build (615) 896-4750 rachel@smithbuildinggroup.com

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The Shops of Murfreesboro (OFFICE/RETAIL) Square Footage: 6,750 Lease: $23.50 per sq. ft. Comments: Class A retail center located in the heart of Murfreesboro’s burgeoning retail district that offers convenience and a variety of floor plans to fit any retail or office need. Contact: Elizabeth Davidson Holrob (615) 564-2274 edavidson@holrob.com

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Southgate Office Park (OFFICE/RETAIL) Square Footage: Suite A: 5,250; Suite B: 3,250 Lease: Call Comments: Suite A: +/-1500 sq. ft. Class A office space, 4 officesconference-restrooms-kitchenette, and storage, 10’ x 16’ grade door. Suite B: 700 sq. ft. office area, 12’ x 12’ grade door. Contact: Rachel Millar Smith Design/ Build (615) 896-4750 rachel@smithbuildinggroup.com

Innsbrooke Towne Square (OFFICE/RETAIL) Square Footage: 4,200 Lease: Negotiable Comments: 1,400-4,200 sq. ft. of available space. Kroger anchored center. Landlord contributions available. Contact: David McDowell Vision Real Estate, LLC (615) 467-3788, Ext. 44

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Shoppes of Memorial

Villages at Three Rivers

SunTrust Bank Building

(OFFICE/RETAIL) Square Footage: 3,000

(OFFICE/RETAIL) Square Footage: 2,712

Lease: $12 per sq. ft.

Lease: $19.50 per sq. ft.

(OFFICE/RETAIL) Square Footage: Various-3rd Floor & 4th Floor

Comments: 2,600 and 3,000 sq ft. of available space. Tenants include Head’s Up, Street Tuxedo, and American General Finance.

Comments: 1,124-2,712 sq. ft. of available space. New development. Corner visibility, high growth area.

Contact: Charlie Warfield Brookside Properties, Inc. (615) 330-9689 cwarfield@brooksideproperties.com

Contact: Rob Foss Vision Real Estate, LLC (615) 467-3788, Ext. 15

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Lease: $16.50 per sq. ft. Comments: Prominent downtown office building just off the square. Ideally located near government and city offices as well as judicial buildings. Shopping and dining within walking distance. Contact: Cindy Nix The Parks Group (615) 896-4045 cnix@theparksgroupcommercial.com

SMYRNA

The Gateway Shops St. Charles Square (OFFICE/RETAIL) Square Footage: 3,000 Lease: $11-13 per sq. ft. Comments: 1,500 sq. ft., 1,609 sq. ft. and 3,000 sq. ft. of available space. Located near Highway 96 with easy access to I-24. Tenants include Maggie Moo’s and Kirkenburt’s Smokehouse Grill. Contact: Charlie Warfield Brookside Properties, Inc. (615) 330-9689 cwarfield@brooksideproperties.com

(OFFICE/RETAIL) Square Footage: 2,549 Lease: $22.50 per sq. ft. Comments: Two small spaces remain in this Class A retail center. Perfect for a chiropractor, doctor, dentist, insurance or other office. No more food users can be accommodated.

SouthPark Distribution Center, Building C

Contact: Elizabeth Davidson Holrob (615) 564-2274 edavidson@holrob.com

Comments: Cross dock facility, 50’ x 53’ column spacing, concrete tilt wall construction.

RUTHERFORD COUNTY ECONOMIC GUIDE

(INDUSTRIAL) Square Footage: 112,000 Lease: $3.40/N

Contact: David McGahren Colliers Turley Martin Tucker (615) 301-2800 dmcgahren@ctmt.com

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605 Enon Springs Road (INDUSTRIAL) Square Footage: 88,750 Lease: $4 per sq. ft. per year Price: $5,490,500 Comments: Building is wellinsulated and ideal for warehousing or manufacturing. This is located across the street from Gate 6 at the Nissan plant. Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

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100 G Street (INDUSTRIAL) Square Footage: 4.11 acres, 3,000 sq. ft. office Price: Call Comments: 8 dock positions, 14’ - 22’ clear height, high visibility corner lot, 360-degree truck access, easy access to I-24 & SR 840, close proximity to Nissan assembly plant. Contact: John Ward Colliers Turley Martin Tucker (615) 301-2834 jward@ctmt.com

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Enon Springs Road

Seven Oaks Commercial

Smyrna Industrial Park

(LAND) Acreage: +/-20

(LAND) Acreage: 15

(LAND) Acreage: 8.41

Price: $1,800,000

Price: Call

Price: $217,000 per acre

Comments: Across from Nissan plant on Enon Springs Road. Utilities available, level topography, potential industrial zoning (I-2), excellent for light manufacturing, mini warehouse/self storage, or multi-family.

Comments: 1.1 to 15 acre sites available. Zoned C-2. Great location for retail center near the I-24/ Almaville Road interchange.

Comments: Aviation Parkway at Murfreesboro Road. Adjacent to Smyrna Airport.

Contact: Buck Haltiwanger Nashville Commercial Real Estate (615) 727-7410 bhaltiwanger@ncres.com

Contact: John Harney The Parks Group (615) 896-4045 jharney@ theparksgroupcommercial.com

Contact: John Ward Colliers Turley Martin Tucker (615) 301-2834 jward@ctmt.com

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U.S. 41 & Aviation Parkway 900 Expo Drive Sam Ridley Parkway (LAND) Acreage: 17 Price: Call Comments: Great commercial hotel/retail sites adjacent to new luxury apartment complex. Located near the I-24 interchnge at Sam Ridley Parkway just past Expo Center Drive. Contact: John Harney The Parks Group (615) 896-4045 jharney@ theparksgroupcommercial.com

(LAND) Acreage: 8.82 Price: Call Comments: Divisible to two separate parcels; 2.36 acre paved lot at $15/sq. ft. and 6.46 acres at $8/sq. ft. Approx 1,200 feet of Interstate 24 frontage. I-24 South Exit 66A/Sam Ridley Parkway. Contact: Jeffrey Thomas Centennial (615) 234-4916 jthomas@centenn.com

RUTHERFORD COUNTY ECONOMIC GUIDE

(LAND) Acreage: 8.41 Price: Call Comments: At the Entrance of Smyrna Airport, perfect for gas stations, banks and restaurants. All utilities on site. Traffic count: 35,000+ cars per day on U.S. 41. Contact: Peggy Sells Colliers Turley Martin Tucker (615) 301-2939 psells@ctmt.com

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Cedar Forrest Business Center

8000 Safari Drive

Lee Village

(OFFICE/RETAIL) Square Footage: 316,000

(OFFICE/RETAIL) Square Footage: 20,400

(OFFICE/RETAIL) Square Footage: 11,850

Price: The entire project is for sale, including the remaining shell space in Building 1 for $2,100,000.

Lease: $8-9.50

Lease: $18-20 NNN

Price: $4,194,750

Comments: Anchored by Publix. Inline shops and restaurant ready endcaps with patios available. Signalized intersection of Lee Victory Parkway at Almaville Road with I-24 visibility. Aggressive rates and tenant allowance available.

Comments: New Class A construction, just miles to Sam Ridley Parkway, conveniently located near StoneCrest Medical Center, proposed 6 office buildings (56,660 total sq. ft.). proposed retail building (18,000 sq. ft.). Contact: James Yates Red Realty (615) 625-7101 jyates@redsavesgreen.com

Comments: This building has suites available with offices and some that are ready for custom build out. Located at interstate 24 interchange. Contact: Leasing and Sales Department Swanson Developments (615) 896-0000 leasing2@swansondev.com

Contact: David H. Johnson Southern Accents Realty (615) 776-8184 dj@assistleader.com

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Smyrna Physicians Pavilion 291 Sam Ridley Parkway (OFFICE/RETAIL) Square Footage: 40,000 Lease: $13.95 per sq. ft. for the first 100,000 leased Comments: 40,000 sq. ft. with 1,500-6,000 sq. ft. suites. New retail center on the corner of Sam Ridley and Weakley Lane near Nissan on +/-3.64 acres. Contact: Michael Groos Charles Hawkins Co. (615) 345-7209 mgroos@chco.com

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(OFFICE/RETAIL) Square Footage: 1st Floor -5,103; 2nd Floor -18,935

The Gallery at Smyrna Commons (OFFICE/RETAIL) Square Footage: 8,421

Lease: $18.50 per sq. ft.

Lease: $20 per sq. ft.

Comments: Prime medical/Class A office location. Easy access to I-24. Directly across the street from StoneCrest Medical Center.

Comments: This Class A retail center is currently under construction and expected to deliver in June 2009. Excellent location across from the Nissan plant and next to Wal-mart.

Contact: Cindy Nix The Parks Group (615) 896-4045 cnix@theparksgroupcommercial.com

Contact: Elizabeth Davidson Holrob (615) 564-2274 edavidson@holrob.com

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Weakley Plaza

Physicians Plaza of Smyrna

Old Nashville Crossing

(OFFICE/RETAIL) Square Footage: 6,000

(OFFICE/RETAIL) Square Footage: 3,195

(OFFICE/RETAIL) Square Footage: 2,100

Lease: $14 per sq. ft.

Lease: Call

Lease: $19 NNN

Comments: 6,000 sq. ft. office/ warehouse available; 1,500-3,000 sq. ft. retail. No CAM charge, water, taxes and insurance included, 20 drive-in doors, close to Smyrna Airport and tenant-controlled heating and air conditioning.

Comments: Modern two-story 44,000 sq. ft. medical office building, premier location and visibility, close to Stonecrest Medical Center, easy access to I-24, convenient to restaurants and retail.

Comments: 1,400-2,100 sq. ft of available space. Class A retail center, Excellent location and visibility, anchored by Kroger, located only minutes from I-24. Excellent traffic count.

Contact: Jerry Vaughan Colliers Turley Martin Tucker (615) 301-2915 jvaughan@ctmt.com

Contact: Jody Elder Nashville Commercial Real Estate (615) 727-7422 jelder@ncres.com

Contact: Robby Davis Colliers Turley Martin Tucker (615) 301-2920 rdavis@ctmt.com

Murfree & Murfree, PLLC Attorneys-At-Law -ATT"-URFREE )))s-"-URFREE )6

Real Estate Development & Zoning Real Estate Closings & Real Estate Contract Negotiations Corporations, LLCs & Business Law Estate Planning, Wills & Trusts Probate & Estate Administration

805 S. Church St., Ste. 21 Murfreesboro, TN 37130

(615) 867-0835 Fax (615) 867-8729

www.murfreeatty.com

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site guide SMYRNA

Space Available A Class A Industrial Park consisting of over 1.1 million sq. ft.

Join These Existing Tenants: Pratt Industries Schneider Electric Yazaki North America Franke Cardinal Health

Bella Place (OFFICE/RETAIL) Square Footage: 1,600 Lease: $28 per sq. ft. quoting, but negotiable

From 25,000 to 237,500 sq. ft., Tech Park is currently undergoing extensive landscape and facade upgrades.

Comments: Class A retail center with one small availability left in the heart of Smyrnaâ&#x20AC;&#x2122;s retail district. This space would be perfect for a nail salon, boutique or small office user.

Managed and Leased by:

Contact: Elizabeth Davidson Holrob (615) 564-2274 edavidson@holrob.com

Ben Goodwin, Broker Knestrick Properties LLC 615-346-0290

SMYRNA

visit our

advertisers Ascend Federal Credit Union www.ascendfcu.org

ProVenture Commercial Real Estate www.pvcre.com

City of La Vergne www.lavergne.org

Ragan Smith www.ragansmith.com

City of Murfreesboro www.murfreesborotn.gov

Robert S. Biscan & Co. www.biscanconstruction.com

Consolidated Utility District www.cudrc.com

Rutherford County Chamber of Commerce www.rutherfordchamber.org/ed

Embassy Suites www.murfreesboro.embassysuites.com Five Star Investments LP www.knestrick.com General Mills Inc. www.generalmills.com Middle Tennessee Electric Corporation www.mtemc.com Murfree & Murfree PLLC www.murfreeatty.com Murfreesboro Electric Department www.murfreesboroelectric.com Murfreesboro Water & Sewer Department www.murfreesborotn.gov/government/ water_sewer/water_sewer_index.htm Neel-Schaffer www.neel-schaffer.com

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RCECONOMICGUIDE.COM

S&W Electrical Contracting www.sandwcontracting.com SEC Inc. www.sec-civil.com Smyrna/Rutherford County Airport Authority www.smyrnaairport.com Swanson Developments www.swansondev.com Tennessee Technology Center www.ttcmurfreesboro.edu The Avenue Murfreesboro www.theavenuealist.com Town of Smyrna www.townofsmyrna.org

Ross Creek Shops (OFFICE/RETAIL) Square Footage: Approximately 1,300 Lease: $28 per sq. ft. Comments: Class A retail center with Buffalo Wild Wings and Krispy Kreme. Only one small space remains. In a great location with high traffic counts and good demographics. Contact: Elizabeth Davidson Holrob (615) 564-2274 edavidson@holrob.com

RUTHERFORD COUNTY ECONOMIC GUIDE


Ad Index 1 A S C E N D FE D E R A L C R E D IT U N I O N C 3 C IT Y O F L A V E RG N E 2 C IT Y O F M U R FR E E S B O RO 32 CO N S O LI DAT E D U TI LIT Y D I S T R I C T 6 EM BA S SY S U ITE S

4 0 P ROV E N T U R E CO M M E RC I A L R E A L E S TAT E 1 9 R AGA N S M IT H 5 RO B E RT S . B I S C A N & CO. C 2 R U T H E R FO R D CO U N T Y C H A M B E R O F CO M M E RC E

4 8 FI V E S TA R I N V E S T M E N TS L P

3 6 S &W EL EC T R I C A L CO N T R AC T I N G

40 GENER AL MILLS INC .

1 9 S EC I N C .

C3 MIDDLE TENNESSEE E L EC T R I C CO R P O R ATI O N 47 M U R FR E E & M U R FR E E P L LC 6 M U R FR E E S B O RO E L EC T R I C D E PA RT M E N T 3 6 M U R FR E E S B O RO WAT E R & S E W E R D E PA RT M E N T 4 4 N EEL-S C H A FFER

44 SMYRNA/ R U T H E R FO R D CO U N T Y A I R P O RT AU T H O R IT Y C 4 SWA N SO N D E V E LO P M ENTS 19 TENNESSEE T EC H N O LO GY C E N T E R 32 TH E AVEN U E M U R FR EE S BO RO 4 TOW N O F S M Y R N A


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Rutherford County Economic Guide, TN: 2009-10