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Brentwood, Tn SUMMIT BRENTWOOD, TN PRE-LEASING BUILD TO SUIT OPPORTUNITY Colliers International | 523 3rd Avenue South | Nashville, TN 37210 615 850 2700 | www.colliers.com Executive Summary Located on principally the last remaining prime development site in Brentwood, Tennessee, Summit Brentwood offers a Class A headquarters and mixed-use locale with unmatched views, amenities and freeway access. Branding and visibility potential on this site is significant and the site can accommodate 375,000 SF of office space and is particularly ideal for a large corporate headquarters. GBT Realty heads a development team with the expertise to complete a world-class project quickly and efficiently. FOR MORE INFORMATION, CONTACT: JANET STERCHI DOUG RYAN NIKKO SANSONE Sr. Vice President Sr. Vice President Associate DIR 615 850 2742 DIR 615 850 2747 DIR 615 850 2767 [email protected] [email protected] [email protected] Building Features » Planned development with Brentwood address in » Proposed hotel and restaurant on site Davidson County » 4/1,000 SF parking ratio / covered available » One of the last remaining development sites in Brentwood » Excellent signage position on I-65 » Extraordinary views from the highest unobstructed » Low traffic on the east side of I-65 point in Brentwood » Numerous amenities nearby » 375,000 SF Class A Office » Available 18 months from lease execution » On site walking trails For more information, visit: www.colliers.com NASHVILLE METROPOLITAN Market Overview The Nashville metropolitan area consists of a 13 county region in middle Tennessee. Nashville is consistently ranked as one of the top U.S. markets in terms of investment opportunities, diversity of the local economy, employment, and quality of life. Over the past decade Nashville has experienced tremendous increases in employment, population, and income growth. Nashville’s population exceeds 1.7 million and is expected to grow 5% in the next five years. Average household incomes are $63,983, which is 21% above the national average. The Nashville economy is one of the most diverse in the U.S. with major employers in the healthcare, manufacturing, automotive, IT and entertainment sectors. Fortune 500 Nashville area companies include: HCA Holdings, Dollar General, Community Health Systems, and Vanguard Health Systems. The city is home to 26 colleges and universities, which educate over 124,941 students each year, including the prestigious Vanderbilt University with total enrollment of more than 12,700 students. This leads to a well-trained job force, which contributes to an already favorable business environment. Nashville’s diverse economy, strong educational and cultural amenities, progressive political leadership, strategic location, and excellent transportation system combine to make Nashville a desirable business location primed for continued economic growth. TOP 10 EMPLOYERS Vanderbilt University 23,021 Nissan North America 8,500 HCA Holdings, Inc 7,000 Saint Thomas Health 6,500 Randstad 3,400 Shoney’s Inc 3,000 Electrolux Home Products North America 2,900 The Kroger Co. 2,863 Community Health Systems 2,800 Cracker Barrel Old Country Store Inc 2,750 BRENTWOOD Market Overview Brentwood, predominately located in Williamson County, is adjacent to the southern boundary of the Nashville Metropolitan Market in Davidson County. Convenient and ready interstate access is available from the site at the I-65 and Old-Hickory Boulevard interchange. Major traffic arteries surrounding the area include Hillsboro Pike, Granny White Pike, Franklin Pike and Old Hickory Boulevard, which all provide relative ease in accessing Nashville’s interstate systems such as I-65 and the I-440 loop. Approximately 10 miles south of downtown Nashville and 15 miles southwest of the Nashville International Airport, Brentwood is one of the most desirable locations in the region. Ready interstate access, convenient eateries, quality hotel and conference facilities, healthcare, superior schools and low crime rate further enhance its desirability and add to the area’s high quality of life. The alluring suburban setting has attracted large corporations, area decision makers and affluent residential home buyers to the area. Homes in the area sell between $600,000 to over $3 million. Access to the Nashville International Airport is a short 20 minute drive. Area decision makers, employers and neighboring residents find the proximity to the airport extremely appealing. Located southwest of the Central Business District, the Nashville International Airport provides approximately 400 average flights daily with over 16 airlines, which service more than 9.5 million passengers annually. In 2010, the airport received top honors for Best Concessions Management, Airport with the Best Customer Service, and Airport with the Most Unique Services in the medium airport division from Airport Revenue News. BRENTWOOD ADDRESS » Most desirable suburban submarket in Nashville » Lies along the metro’s primary path of growth and affluence » Highly educated workforce - within a one-mile radius of the property, 33% of residents earn over $100,000 » Nashville’s third largest business district - 50,000 jobs » Surrounding homes average $500,000+ asking price creating a high barrier to entry ACCOLADES » #1 Brentwood, TN Most Business Friendly City in Tennessee - Beacon Center of Tennessee 2013 » #2 Brentwood, TN Best Places in Tennessee - Movoto Real Estate 2013 » #2 Brentwood, TN Best Place for Job Seekers in Tennessee - NerdWallet 2013 » #5 Tennessee Top States For Doing Business - Site Selection Magazine 2013 » #7 Brentwood, TN Top Booming Suburbs in America - Coldwell Banker 2013 BRENTWOOD Area Highlights » Brentwood residents are within five miles of Cool Springs Galleria, 10 miles from downtown Nashville and 15 miles from the Nashville International Airport. » Brentwood’s 2013 population was estimated at 40,021 representing a growth rate of 5.3% since 2010. » Brentwood is considered one of the most desirable suburban locations in Tennessee because of the high standard of living, the recreational amenities, and the quality public school system. » Brentwood is one of the wealthiest suburbs in Tennessee and includes families with a significant amount of disposable income and essentially no poverty. » Several major national and international corporations are located in the Cool Springs/Brentwood area, which is home to more than 1,000 businesses. BRENTWOOD DEMOGRAPHICS SUMMIT SITE BRENTWOOD Excellent Amenity Base Numerous retail shopping centers are located within immediate proximity of the property, including the 235,000-square- foot Brentwood Place Shopping Center and the 166,000-square-foot Shoppes of Brentwood Hills anchored by Target. There are numerous restaurants located in the area including First Watch, Brentwood Grill, Chili’s, Mère Bulles, Moe’s Southeast Grill, Local Taco, Zoes, O’Charley’s, Pei Wei Asian Dinner, Panera, Ruby Tuesday, Wild Iris as well as prominent hotels including Hampton Inn, Hilton, Hilton Suites, Holiday Inn, Marriott Courtyard, Comfort Inn and Steeplechase Inn. The master-planned community also features many other complimentary improvements such as the Brentwood City Hall, Granny White Park, and the YMCA, an athletic club featuring indoor/outdoor tennis courts, weights, indoor/outdoor swimming pools, and conference and banquet rooms. Cool Springs Galleria, a 1.35 million-square-foot regional shopping center located approximately five miles south of Brentwood, provides five upscale department stores, over 165 specialty shops and a 500 seat food court. BRENTWOOD AMENITIES SUMMIT SITE Team Profiles JANET STERCHI Sr. Vice President - Colliers International | Nashville Janet is consistently year after year among the top brokers in the Nashville market. In her 20 years in the industry, 17+ with CBRE and 3+ with Colliers Nashville, Janet has focused on office representation for both landlords and tenants, and has received numerous awards throughout her career including the CBRE most distinguished Colbert Coldwell Circle, NAIOP Office Broker of the Year and multiple Office Leases of the Year and Top Producer awards. DOUG RYAN Sr. Vice President - Colliers International | Nashville As Senior Vice President in Office Brokerage, Douglas Ryan brings more than 20 years of broad-based commercial real estate experience. Doug practices both Landlord and Tenant Representation with the goal to serve clients as a trusted advisor to navigate the complexities of real estate transactions and bring clarity to corporate leases. Through his extensive market knowledge, negotiation skills, financial analysis capabilities and broad relationships, Doug has completed more than $600MM in transactions. Doug holds a Master’s in Urban Planning from the University of Michigan and a Bachelor’s of Science in Architecture from the University of Wisconsin-Milwaukee. With professionals Janet Sterchi, Senior Vice President, and Nikko Sansone, Associate, they are widely recognized among the top brokerage teams and advisors in Nashville real estate. Doug and Janet have both independently received NAIOP Nashville’s Broker of the Year Award. NIKKO SANSONE Associate - Colliers International | Nashville Nikko Sansone rounds out the award-winning brokerage team of industry veterans Janet Sterchi and Doug Ryan. Since joining Colliers International’s Nashville office in 2015, Nikko has worked on projects ranging from 1,000 SF to more than 1,000,000 SF. Nikko specializes in office landlord and tenant representation. One
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