Developer pays $4.4M for Fairview land, eyes 700+ homes

Walton Tennessee previously had acquired Carothers Crossings parcels
Aug 1, 2014 10:14 AM

Hill Realty gets rezoning for Brentwood project

In a unanimous vote, City of Brentwood Commissioners voted unanimously Monday night to approve H.G. Hill Realty Co.’s request to rezone land on which the development company envisions a mixed-use project.

The company now will submit a detailed site plan for review to the Brentwood Planning Commission by Sept. 2.

The approval will allow the Nashville-based company to pursue its development plans for Hill Center Brentwood, which will include a mix of restaurant and retail space in addition to Class A office space. The combined properties include the former Murray Ohio and the former Tennessee Baptist Convention headquarters sites from its current C-1 zoning to C-2.

In May, Hill Realty announced that accounting and business consulting firm Lattimore Black Morgan & Cain will serve as anchor office tenant, occupying approximately 65,000 square feet of a building that will sit at the high-profile southeast corner of the Franklin Road and Maryland Way intersection.

Hill Realty CEO Jimmy Granbery expressed thanks to commissioners and the community.

“While this has been a very long and arduous process, we feel the time was well spent in meeting with the community and learning more about what they want to see in this new gateway to Maryland Farms, and we are excited to begin the next phase working with the Planning Commission on the final details,” he said in a release.

Jul 29, 2014 2:40 PM

La Vergne Whirlpool facility sells for $4.65M

Ashley Capital has purchased Whirlpool’s former manufacturing facility in La Vergne for $4.65 million.

It is the real estate investment company’s first acquisition in the Nashville area, according to The Tennessean.

Ashley will seek manufacturing and distribution tenants for the building, located at 1714 Heil Quaker Blvd. After renovations, the building will have 775,000 square feet of space available for lease. Three short-term tenants currently occupy about 100,000 square feet in the building, which sits on almost 53 acres, the newspaper reports.

Ashley’s strategy is to create value by acquiring and developing under-performing industrial and office properties, developing and managing new business parks, helping corporations reposition their real estate holdings and advising clients on asset enhancement, according to the company’s website.

The New York-based company was founded in 1984 and has offices in Atlanta; Chicago; Detroit; Grand Rapids, Michigan; and Norfolk, Virginia. It has about 22 million square feet of space in its portfolio, the website notes.

Whirlpool announced in January 2008 that it was closing its refrigerator factory in La Vergne, cutting 500 jobs and moving the work to a plant in Fort Smith, Arkansas.
 

Jul 3, 2014 11:21 AM

Pinnacle adds Boone as senior VP

Pinnacle Financial Partners has added Kim A. Boone as a senior vice president and trust services advisor at its financial center in Murfreesboro.

Boone has 30 years of financial services experience, spending the last 12 years at First Farmers and Merchants Bank in Columbia. She served as a senior personal trust officer in her most recent role.

Boone earned both a bachelor’s and a master’s degree in business administration from Mississippi College. She is also a graduate of the Southern Trust School.

“Kim’s extensive trust experience and industry involvement will be a tremendous asset to Pinnacle,” Robert Newman, trust services manager for Nashville-based Pinnacle, said in a release.
 

Jun 25, 2014 11:43 AM

Southtec to add 200+ jobs in Wilson County

Automotive parts manufacturer plans $23.6M investment
Jun 11, 2014 11:56 AM

Nashville company set to buy Superspeedway

Nexovation promises 'completely new business model' for largely unused facility
May 29, 2014 9:34 AM

Gallatin apartments part of $182M deal

Atlanta buyer also picking up properties in Dallas, Houston, KC
Jul 29, 2014 2:31 PM

Beretta moving all manufacturing to Gallatin facility

Company leaving Maryland over 'obstructive' gun legislation
Jul 22, 2014 5:00 PM

Spring Hill could land pair that supply parts for GM

NorthPoint Development Corp. hopes to build facilities in Spring Hill for two companies that would supply parts for the General Motors plant in Spring Hill and bring more than 400 jobs to Middle Tennessee, according to The Tennessean.

The developer wants to purchase 162 acres of farmland on Beechcroft Road in Maury County. If all goes as planned, construction would begin later this year.

The two companies, which the developer did not name, currently supply parts to GM’s Spring Hill plant from their facilities in Michigan and Ohio and could substantially reduce their costs by locating their operations closer. The companies will request economic incentives from the state, the morning newspaper reported.

NorthPoint plans to build five buildings totaling more than 1 million square feet and lease them to the two auto parts suppliers.

Last August, GM announced it was making a $350 million investment in the Spring Hill facility that will create or retain 1,800 jobs.

 

Jun 24, 2014 2:02 PM

Clarcor to build Maury R&D hub

Manufacturer to add 35 jobs over five years; shares jump after big Q1 beat
Jun 19, 2014 6:53 AM

Clarksville call center to grow by 100+

Agero Inc., a Massachusetts-based company that markets roadside assistance and safety services, plans to add more than 100 people to its Clarksville call center. The company will hire its new employees throughout this year at the facility, which opened almost two years ago. Agero officials say they're also hiring for their Florida, Arizona and Ontario operations.

Jul 22, 2014 1:56 PM

MissionPoint receives $80K grant for Montgomery County disease management

MissionPoint, Saint Thomas Health's accountable care organization, announced today it has been awarded a $80,000 grant from the Clarksville-Montgomery County Community Health Foundation to launch a chronic disease management program.

The pilot program will serve 400 uninsured patients living with diabetes in Montgomery County and Fort Campbell.

"We are very excited for the work that this grant will allow us to do in the Montgomery County area," Jason Dinger, MissionPoint CEO, said in a release. "Through this grant, we will continue our mission of serving some of the most vulnerable in our community.

Dinger said the funding would pay for case management services for patients, with the goal of helping them better manage their diabetes.

"We selected MissionPoint as the recipient of this grant because of their commitment to the health and wellness of the uninsured, as well as their proven track record of improving community health, reducing costs, increasing access and enhancing the patient experience," said Joey Smith, board member of the Clarksville-Montgomery County Community Health Foundation.

Mar 5, 2014 1:50 PM