The Avenue Murfreesboro

The Avenue Murfreesboro

Main entrance to the shopping complex
Address 2615 Medical Center Pkwy
Murfreesboro, Tennessee
 United States
Opening date October 17, 2007 (2007-10-17)[1][2]
Developer Cousins Properties & Faison Enterprises[1]
Owner Hines Global REIT Inc.[3]
No. of stores and services 110
No. of anchor tenants 4
Total retail floor area 811,000 sq ft (75,300 m2) GLA[4]
Public transit access West Side Loop, Murfreesboro Rover
Website Official website

The Avenue Murfreesboro is an open-air regional lifestyle shopping center in Murfreesboro, Tennessee, located 27 miles (43 km) southeast of downtown Nashville. More than one hundred stores reside within the complex.

Construction of The Avenue began in July 2006,[5] and the first phase of development opened on October 17, 2007, with 660,000 square feet (61,000 m2) of retail space available.[1] A second phase completed the center with a total of 811,000 square feet (75,300 m2) at US$140 million.[2][4]

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 US$163 million.[3] This was a record price for an open-air, non-mall in Tennessee.[3]

As of June 30, 2013, eighty-five percent of the space had been leased.[6] As of 2016, its anchor tenants were Barnes & Noble, Belk, Old Navy, and World Market.[7]

See also

References

  1. 1 2 3 Pardy, Sasha M. (October 24, 2007). "Cousins and Faison Celebrated Grand Opening of The Avenue Murfreesboro Last Week". CoStar. Retrieved August 5, 2016.
  2. 1 2 Edgemon, Erin (October 14, 2007). "40 retailers open at The Avenue Murfreesboro". Murfreesboro Post. Retrieved August 5, 2016.
  3. 1 2 3 Williams, Lance (August 13, 2013). "Texas-based Hines Global buys The Avenue Murfreesboro for $163 million". The Tennessean. Archived from the original on August 15, 2013.
  4. 1 2 "Medical Center Parkway & I-24". LoopNet. February 1, 2012. Retrieved August 5, 2016.
  5. ↑ "New retailers line up at The Avenue Murfreesboro". Nashville Business Journal. May 18, 2007. Retrieved August 5, 2016.
  6. ↑ Ward, Getahn (August 7, 2013). "The Avenue Murfreesboro up for sale". The Tennessean. Archived from the original on August 7, 2013.
  7. ↑ "Search Stores at The Avenue". The Avenue Murfreesboro. Retrieved August 5, 2016.

Coordinates: 35°51′30″N 86°26′43″W / 35.8584°N 86.4452°W / 35.8584; -86.4452

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