Gulch Crossing, Nashville's most expensive office space, announced three new tenants Tuesday, the day after Mayor Karl Dean helped officially cut the ribbon on the 205,000-square-foot project. Developer MarketStreet Enterprises has deals with: Nicol Investments, a privately owned firm specializing in real estate investments; Thompson Research Group, an equity research firm focused on the industrial and construction materials sectors; and Insight Global, a booming IT employment firm.
The new leasing activity, including the previously announced full-service breakfast, lunch and dinner concept, Milk & Honey, will occupy over 22,000 square feet in the building, approximately 10% of the total project area. Gulch Crossing’s premier office space is currently 70% leased and retail space is approximately 75% leased. With current negotiations, the building is projected to be 90% leased by fall.
According to The Tennessean, rents downtown are up 30 percent over the last three years. Prior, the average rate of year-to-year growth was 2 to 3 percent.
The Tennessee Chamber of Commerce & Industry will next month move into its new headquarters in the Bank of America Plaza. The organization, along with the affiliated Tennessee Manufacturers Association, will relocate from the Renaissance Tower to make its new home in suite 107 of the Union Street building. Along with the move comes a new logo (pictured here) designed by DVL Seigenthaler.
A California human resources consulting firm has signed a lease for 30,000 square feet of Bank of America Plaza office space, writes Tennessean reporter Getahn Ward, and plans to hire 200 people between now and the end of the year. DayNine, which was launched in 2009, runs seven other U.S. offices — including one in Atlanta — as well as in London and Sydney.
DayNine is working with city and state officials on an incentive package tied to its expansion here, Ramos said. The company also looks to work with area colleges and universities and is already talking to other companies about attracting and recruiting more young professionals to Nashville.
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