The Avenue Murfreesboro Explained

The Avenue Murfreesboro
Address:2615 Medical Center Pkwy
Murfreesboro, Tennessee
United States
Opening Date:[1] [2]
Developer:Cousins Properties & Faison Enterprises
Owner:Hines Global REIT Inc.
Number Of Stores:110
Number Of Anchors:14
Floor Area:811000square feet GLA[3]
Publictransit:West Side Loop, Murfreesboro Rover

The Avenue Murfreesboro is an open-air regional lifestyle shopping center in Murfreesboro, Tennessee, located southeast of downtown Nashville. More than one hundred stores reside within the complex. The anchor stores are Michaels, David's Bridal, Petco, Off Broadway Shoes, Ulta Beauty, Best Buy, Dick's Sporting Goods, Bed Bath & Beyond, Belk, Havertys Furniture, Kirkland's, Cost Plus World Market, Barnes & Noble, and Old Navy.

Construction of The Avenue began in July 2006,[4] and the first phase of development opened on October 17, 2007, with 660000square feet of retail space available. A second phase completed the center with a total of 811000square feet at .

The Avenue was jointly developed and operated by Cousins Properties and Faison Enterprises; however, in August 2013 The Avenue was sold to Houston-based Hines Global REIT Inc. for .[5] This was a record price for an open-air, non-mall in Tennessee.[5]

As of June 30, 2013, eighty-five percent of the space had been leased.[6]

See also

External links

35.8584°N -86.4452°W

Notes and References

  1. News: Cousins and Faison Celebrated Grand Opening of The Avenue Murfreesboro Last Week . CoStar . Sasha M. . Pardy . October 24, 2007 . August 5, 2016.
  2. News: 40 retailers open at The Avenue Murfreesboro . Murfreesboro Post . Erin . Edgemon . October 14, 2007 . August 5, 2016.
  3. Web site: Medical Center Parkway & I-24 . LoopNet . February 1, 2012 . August 5, 2016.
  4. News: New retailers line up at The Avenue Murfreesboro . Nashville Business Journal . May 18, 2007 . August 5, 2016.
  5. News: Texas-based Hines Global buys The Avenue Murfreesboro for $163 million . The Tennessean . Lance . Williams . August 13, 2013 . https://web.archive.org/web/20130815235938/http://blogs.tennessean.com/business/2013/08/13/texas-based-hines-global-buys-the-avenue-murfreesboro-shopping-center/ . August 15, 2013.
  6. News: The Avenue Murfreesboro up for sale . The Tennessean . Getahn . Ward . August 7, 2013 . https://archive.today/20130817074248/http://www.tennessean.com/article/20130807/BUSINESS02/308070074/The-Avenue-Murfreesboro-up-sale . August 17, 2013. Alt URL