Nissan's Smyrna manufacturing complex has cranked out its 10 millionth vehicle, a Rogue crossover. The Rutherford County plant that opened its doors in 1983 now employs more than 7,000 and has an annual payroll of more than $275 million. The company's Altima, Frontier and Sentra models have combined for about 7.5 million of the vehicles that have rolled off its lines.
Dollar General will recognize the opening of its 11,000th store — located in Murfreesboro — on Saturday, Oct. 5.
The store is located at 2144 N. Thompson Lane.
Officials who will attend the event include Rick Dreiling (Dollar General chairman and CEO), Greg Sparks (Dollar General executive vice president, store operations) and Ron Washington (Murfreesboro vice mayor).
The Goodlettsville-based company (Ticker: DG) has more U.S. locations than any other retailer.
Tourism spending in Rutherford County clocked in at $273 million last year, an increase of almost 8 percent from 2011. Officials with the county's chamber of commerce say that money saved each local resident $226 in state and local taxes.
A Houston-based property investor said one of its real estate investment trusts has bought the The Avenue Murfreesboro shopping center — along with a center in Jacksonville, Fla. — for a whopping $163 million. Hines Global REIT takes over ownership of the six-year-old, 747,497-square-foot project from Faison & Associates and Cousin Properties. Avenue is 89 percent leased to 93 retailers and counts Belk, Dick’s Sporting Goods, Haverty’s and Barnes & Noble as anchors. David Hocker & Associates of Owensboro will manage the center on behalf of Hines Global REIT.
Minneapolis-based ABRA Auto Body & Glass announced today the opening of a repair center in La Vergne.
The Tennessee facility, located at 280 Tech Park Drive, is ABRA’s 17th repair center in the state. The facility will also serve Smyrna and surrounding communities. The La Vergne facility brings the number of ABRA corporate and franchise repair centers nationwide to 175 in 17 states.
“We are creating a powerful market presence in Tennessee,” Tim Adelmann, ABRA executive vice president of business development, said in a release. “Not only is ABRA becoming a household name, but we’re a premier multi-shop operator with the expertise, talent, and industry-leading processes that allows us to be a best-in-class collision repairer.”
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Elmington Capital Group announced today the acquisition of Stones Creek Apartments in Murfreesboro for an undisclosed sum.
The Kirkland Company, a Nashville-based real estate brokerage company specializing in the sale of apartment communities, represented seller Carter Haston.
“With the close proximity of Stones Creek to large employers including Amazon, Middle Tennessee State University, Middle Tennessee Medical Center and Nissan, the need for quality cost-effective housing will be critical for continued job growth in the area,” Cary Rosenblum (pictured), president of Nashville-based Elmington Capital, said in a release.
Elmington Capital will provide both interior and exterior updates to the apartment complex. The company did not note what it plans to spend on the improvements.
Elmington Capital has been busy of late.
In January, the company bought four apartment communities in Louisville, Ky., for $22 million.
In June, the Nashville Business Journal reported Elmington Capital has the popular Demonbreun Street retail strip home to, among others, Tin Roof and located near the Music Row Roundabout under contract for $17.6 million. At the time, Ben Brewer, the company’s senior vice president, acknowledged to the NBJ the firm has a piece of Demonbreun property under contract but declined to disclose its location.
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