Central Business District Location Near ARTE Center Now Available for Lease.

NASHVILLE, TN. – Low cost warehouse and office space for firms desiring a Nashville Central Business District location near the recently announced ARTE Center is now available. Construction plans are underway at The ARTE Center, a nonprofit incubation center for start-up technology business organizations. Other companies with similar missions now have a unique opportunity to lease warehouse and/or office space adjacent to the project and become part of this exciting new technology community.


Once home to the Clement Paper Company, this warehouse and office space located at 1111 Foster Avenue, Nashville, Tennessee is conveniently positioned in Nashville’s Central Business District between downtown Nashville and the Nashville International Airport. Access to I-40, I-24 and I-65 is only minutes away.


WAREHOUSE:  The warehouse is 60,000 square feet with 18″ ceilings; five overhead dock doors, upgraded utilities, a concrete floor suitable for heavy equipment, and multiple pre-wired existing workstations. The warehouse is expected to lease at $3.00 per square foot.


OFFICE SPACE:  With 5,000 square feet of the 15,000 square foot two-story office space finished, this location is ready for immediate occupancy.  Elevator service is available in the central atrium, and 10,000 square feet are ready for build-out.  The office-only lease is $8.00 per square foot.


“This is an ideal opportunity for companies with a technology related business plan,” said Larry Frankenbach, listing agent with Crye-Leike Commercial.  “This is a wonderful location for companies with a need to be close to the CBD resources and in a great position for regional distribution at very affordable rates.  Moreover, if they have a compatible mission with high-tech entrepreneurs, there is no better location in Middle Tennessee.”


Frankenbach added, “What makes this particular location so inviting is that it is positioned in a special zone that affords businesses the opportunity to get special consideration in government bids and low-cost start-up loans from TVA.”


Home to 20 accredited college and universities with 90,000-plus students and more than 1.5 million residents, the 10-county Nashville region is a vibrant, progressive metropolitan area that continues to attract national attention as a top destination for both business and residential relocation. With a diverse economic base powered by the music, tourism, health care management, automotive and skilled manufacturing, distribution, and publishing industries, the region supports the corporate headquarters for a growing number of nationally companies including Bridgestone Americas, Caterpillar Financial Services Corp., Dollar General, Tractor Supply Company and HCA. Recent corporate headquarter relocations by major companies such as Nissan North America, Caremark Rx and Great American Country, as well as expansions by Dell, Embraer Aircraft Maintenance and others prompted Expansion Management Magazine to rank Metro Nashville the No. 1 City in America for business relocations and expansions for two years running. In June 2006, Kiplinger’s Personal Finance Magazine named Nashville No. 1 on its annual ranking of the Top 50 Smart Places to Live.


According to a release distributed by Ken Renner, executive director of the ARTE Center, the completed ARTE (for Advancement of Research, Technology and Entrepreneurship) will be a state-of-the-art facility that helps promising new companies develop their technologies for the marketplace and develop sound business strategies.


Crye-Leike Commercial (http://www.crye-leike.com/commercial/) is a full service commercial real estate company and division of Crye-Leike, Realtors the nation’s 6th largest real estate company. The commercial brokers of Crye-Leike Commercial have a 20-year history of providing comprehensive brokerage, leasing, site selection and investment real estate services to its clients.  In 2006, Crye-Leike Commercial – Nashville ranked 6th, by sales volume, among the largest Nashville-area commercial real estate brokerage firms.