A Knoxville-based maker of inflator systems for air bags will this summer open a factory in Hartsville, east of Gallatin, that will employ 66 people. ARC Automotive executives say they will invest $3 million in the plant, which will be built in the PowerCom Industrial Center on land previously owned by the Tennessee Valley Authority.
Nashville-based Curb Records has paid $2.9 million for a warehouse located in the Brick Church Business Park, according to Davidson County Register of Deeds documents.
565 Brick Church Park LLC sold the property, which is located at 565 Brick Church Park Drive in North Nashville. Curb created Curb Nashville LLC for the acquisition.
Curb Nashville operates an office at 49 Music Square E. in Music Row.
The 5.35-acre property was last appraised at about $2.9 million, according to Metro records. A loopnet.com listing shows the warehouse was listed for $3.295 million.
The overall Nashville office vacancy rate ticked up to 9.4 percent in the third quarter, but that was due primarily to Regions leaving what is now the UBS Tower and the state vacating a bunch of space in the L&C Tower. If you are looking for top-shelf Class A space, you don’t have all that many choices these days, say the researchers at the local office of Cassidy Turley. Just 4.7 percent of Class A space now sits vacant, which is down from 5.9 percent at year-end 2012. Overall lease rates rose 8 cents during the quarter to $19.73 and are now up 3.3 percent from the same time last year. Check out the full report here.
On the industrial side, the story is one of steady growth that has pushed the region's vacancy rate more than a point below its historical average. Lease rates are holding steady and the important East and Southeast submarkets have each absorbed more than 1 million square feet of space year to date. All the numbers are available here.
POSTDATA: WARRANTY DEEDS