STARWOOD

STARWOOD
NASHVILLE, TN
• A 65.10 Acre Development Opportunity
• Active Economic Development Pipeline in
Nashville
• Zoned for a Multitude of Uses
OFFERING MEMORANDUM
OFFERING SUMMARY | 1
Starwood
NASHVILLE, TENNESSEE
THE OPPORTUNITY
2
LOC ATION ADVANTAGES
4
VITAL SIGNS
5
AERIAL
6
OFFERING SUMMARY | 3
PROPERTY SPECIFICATIONS
Address
3839 Murfreesboro Pike
Acres
65.10 Acres
Zoning
SP - Specific Plan
The Opportunity
Cushman & Wakefield | Cornerstone is pleased to offer to qualified
investors the opportunity to purchase a 65.10 acre development site, “the
Property”, located in the southeastern portion of Nashville. The Property
offers a rare opportunity for the immediate accommodation of data
center operations with many attributes exceeding the typical minimum
requirements for data center projects, such as: distance from rail line,
absence of chemical and nuclear power plants, absence of gas lines, flat
topography, dual feed power and fiber optic infrastructure.
Investment Highlights include:
2 | STARWOOD
•
Strategic location in southeast Nashville that has seen explosive
population growth over the past decade
•
Redevelopment opportunity for higher density use
•
Site is ideal for corporate use, data center, commercial / mixed-use
development
•
High density of rooftops nearby to drive additional traffic volume
•
Located in dense residential area less than a mile from shopping,
restaurants, and future medical
Nashville Market
As the state capital of Tennessee, Nashville is the fourth largest city in the Southeast and home to a well-diversified economy
centered on the high-growth healthcare, education, government, music, and automotive industries. Nashville’s vibrant and growing
economy sets it apart from many other metropolitan areas and has exhibited a nearly decade-long trend of significant economic gains,
making it the envy of other southern cities and attracting new national investment in the region. Anchored by a remarkable higher
education infrastructure, a skilled labor force, its renowned quality-of life, and low cost of living, Nashville is well-positioned to sustain
this trend long into the future.
Nashville is consistently recognized for its pro-business environment, highly educated workforce, and compelling demographics. Its
vibrant and growing economy and inviting environment for doing business attracts corporate relocations and promotes expansions.
HCA, Bridgestone / Firestone, Dollar General, CVS / Caremark, Jackson National Life, Healthways, Clarcor, Louisiana Pacific,
Caterpillar Financial, Tractor Supply, and Nissan are just a few of the national and international headquarters that have chosen
Nashville as a location
•
With a growing population of 1.6 million people, Nashville is one of the
fastest rising metropolitan areas in the country
•
Nashville ranks 12th in the U.S. for traffic volume
•
5th fastest growing job market in the U.S. (BLS, 2012)
•
8th Best Real Estate in the U.S. (February 2012)
•
Ranked the #3 Next Big Boom Town by Forbes (July 2012)
•
2nd most cost attractive business location (KPMG, 2012)
•
Ranked as one of the Best Places for Business and Careers by Forbes
(April 2010)
•
Named one of the 15 Best U.S. Cities for Work and Family by Fortune
Magazine (2010)
NASHVILLE 2013 ACCOLADES
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49
Nashville Economic Market
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Top Data Centers
ROBERTSON
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24
386
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431
Ashland City
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oNashville International
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Job Creation Index, Gallup
Economic Strenght, Policom.com
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840
Top 10 Culture Cities, Homes.com
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Best Real Estate Market in US, Forbes
41
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Best Big City for Jobs, Forbes
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WILLIAMSON
*Map courtesy of Nashville Chamber of Commerce
Fastest Growing Job Market, Bureau of Labor Statistics
12
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WILSON
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Murfreesboro
Pike
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Murfreesboro
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America’s Best Cities, Travel & Leisure
70
155
Nashville
DAVIDSON
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Next Big Boom Town, Forbes
109
41
CHEATHAM
1. AIG
2. Asurion
3. AT&T
4. AT&T Mobility
DICKSON
5. Bank of New York Mellon
6. Comdata
7.
Technologies, Inc.
1. Consonus
AIG
8.
2. CSC
Asurion
3. Dell
AT&TComputer Corporation
9.
4. Deloitte
AT&T Mobility
10.
Bank of New York Mellon
11.5.Emdeon
6. HCA
Comdata
12.
7. Consonus Technologies, Inc.
13.
ICG Link, Inc.
8. CSC
14.
Ingram
DigitalCorporation
9. Dell Computer
15.
10. Ingram
Deloitte Entertainment Inc.
16.
Networks
11. Iris
Emdeon
17.
12. Level
HCA 3 Communications
13. MediaServe
ICG Link, Inc.
18.
14. Metro
IngramGov't
Digitalof Nashville/Davidson Cty.
19.
840
15. Mt.
Ingram
Entertainment Inc.
20.
Knox
16. MTSU
Iris Networks
21.
17. Level 3 Communications
22. Nexus Group
18. MediaServe
23.
19. NuVox
Metro Gov't of Nashville/Davidson Cty.
840
24.
10
20. Peak
Mt. Knox
25.
Ox
21. Site
MTSU
Most Cost-Attractive Business Location, KPMG
SUMNER
65
!
U.S. Metros Poised for Job Growth, Kiplinger
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RUTHERFORD Murfreesboro
!
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Hottest American Cities of the Future, Business Insider
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Best Place for Business & Careers, Forbes
OFFERING SUMMARY | 3
Location Advantages
HCA Data Center - $200M Investment
Antioch is a community in southeastern Davidson County, Tennessee. The
Property is located at the highly-trafficked intersection of Murfreesboro Pike
and Hobson Pike (which becomes Old Hickory Boulevard) and is situated
with superior access to Nashville’s transportation network, including three
major interstate systems (I-40, I-24, and I-65) and within close proximity
to the Nashville International Airport. With Nissan North America
headquartered in Nashville, the Property is situated just two exits down
on I-24 from Nissan’s multi-billion-dollar manufacturing plant. 1-24 and Bell
Road feature a daily traffic count of 146,019 vehicles and the intersection
at Hobson Pike and Murfreesboro Road host 15,969 vehicles daily. Hobson
Pike also features the only bridge that crosses Percy Priest Lake. Situated
approximately three miles northeast of the Property, Percy Priest Lake
continues to draw roughly six million visitors and roughly $61 million dollars
annually to the Middle Tennessee region. The Property is well-known
throughout the Nashville metropolitan area because it was home to the
Starwood Amphitheatre for over 20 years hosting numerous artists from The
Dave Matthews Band to Jimmy Buffett.
Antioch is one of the fastest growing communities in Davidson County and
has experienced a 30% increase in total population since 2000 and over
60% in a one-mile radius of the Property within the last eight years. The
community hosts a large pool of highly trainable and competitive workforce
with regards to educational levels and occupation type with the community
exceeding Davidson County’s educational levels.
Within a one-mile radius of the Property are four key public schools. Mt.
View Elementary is located directly across Murfreesboro Pike from the
Property. J.F. Kennedy Middle School and Antioch High School – containing
the highest enrollment of any public school in Nashville – are located just
east of the site on Hobson Pike. Cane Ridge High School is located close to
Interstate 24, southwest of the Property on Hobson Pike.
Predator’s New Practice Facility - Antioch
Nashville State Community College
4 | STARWOOD
In 2011, TVA announced the Property as a top location for building and
operating a data center facility. Being the only site to qualify in Davidson
County, the Property is a primary, ready-for-development data center site
with the ability to immediately accommodate data center operations. The
Property’s location offers investors many local and regional assets and
opportunities, including the community’s diversity, educational and economic
attainment, the community’s developable land, its growing transportation
options and its proximity to the airport.
Recent economic capital investments surrounding the Property include:
•
HCA Data Center – an approximate $200M investment creating 155 jobs
•
Nashville Predators Practice Facility – a two-story $14M development
covering 86,000 SF to include two ice hockey rinks (one for the
Predators to practice and the other open to the community), team
rooms, meeting rooms, and an observation mezzanine set to open in late
summer 2014
•
Mixed-Use Community Center - attached to the new hockey center
will be a 40,000 SF state-of-the-art community center, a 30,000 SF
library and a four-acre park set to open in fall 2014
•
Asurion – a 122,000 SF expansion creating 800 jobs
•
Nashville State Community College – NSCC expansion with new
satellite campus
Vital Signs
Population Growth
1-Mile
Employed Population by Occupation
1-Mile Radius
Agriculture/Mining
Construction
Manufacturing
Transportation
Communication
Utility
Wholesale Trade
Retail Trade
Finance/Insurance/Real Estate
Services
Government
2018
2013
2010
0
2,000
4,000
6,000
# of Households
8,000
10,000
Population
3-Mile
3-Mile Radius
Agriculture/Mining
2018
Construction
Manufacturing
Transportation
2013
Communication
Utility
2010
Wholesale Trade
Retail Trade
0
20,000
40,000
# of Households
60,000
Finance/Insurance/Real Estate
80,000
Services
Population
Government
5 - Mile
5-Mile Radius
Agriculture/Mining
Construction
Manufacturing
Transportation
Communication
Utility
Wholesale Trade
Retail Trade
Finance/Insurance/Real Estate
Services
Government
2018
2013
2010
0
50,000
100,000
150,000
# of Households Population
2013 Households
80,000
1-Mile Radius
3-Mile Radius
5-Mile Radius
60,000
40,000
20,000
0
1-Mile Radius
3-Mile Radius
Total HH
5-Mile Radius
Average HH
60,000
3.00
2.50
2.00
1.50
1.00
0.50
0.00
2013 Income
40,000
20,000
0
1-Mile Radius
Median HH Income
3-Mile Radius
Per Capita Income
5-Mile Radius
Average HH Income
OFFERING SUMMARY | 5
Nashville
International
Airport
Downtown
Nashville
Walmart
Supercenter
Shell
Subject
Property
6 | STARWOOD
Percy Priest Lake
J.F. Kennedy
Middle School
Mt. View
Marketplace
TVA Electrical
Station
Mt. View
Elementary
School
Antioch High
School
Previously Approved Site Plan
8 | STARWOOD
Notes
OFFERING SUMMARY | 9
STARWOOD
Nashville, Tennessee
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
CUSHMAN & WAKEFIELD | CORNERSTONE
Donald Albright
Director
615.727.7407
dalbright@cornerstonecres.com
Mike Jacobs
Associate Director
615.727.7415
mjacobs@cornerstonecres.com
ADDITIONAL TEAM MEMBERS:
Todd Prevost
Associate Director
Lisa Maki
Associate Director
Brennan Pitts
Senior Financial Analyst
Ashley Albright
Capital Markets Associate
Courtney Ellis
Marketing Associate
CUSHMAN & WAKEFIELD | CORNERSTONE
5106 Maryland Way
Brentwood, Tennessee 37027