January 22, 2016
by William Williams
The Cool Springs-based Quest Sports Center has hit the market for lease as office space, the result of a somewhat unusual conversion project.
The Class A building, located at 1595 Mallory Lane, has served as a sports training facility and is still operating as such to an extent. Of note, however, it is now able to accommodate more conventional office space, according to Nashville-based OakPoint Real Estate, which is overseeing marketing and leasing for owner David Merrell.
Between about 29,700 and 43,700 square feet of space is available for lease, Rick Helton, OakPoint partner, told the Post. Three tenants (Merrell owns two of the businesses) remain in the building.
“The Cool Springs office market has a vacancy rate under 2 percent, and this will provide a much-needed space option for office tenants in a supply- constrained environment,” Helton said.
The building (pictured) offers flexible and open floor plans and can accommodate up to six tenants, Helton said. Due to its athletic training usage, exercise and locker room facilities are on site with 28-foot high ceilings in the existing gym area. There is opportunity to add a second-floor mezzanine level.
Helton said Merrell is open to selling but would prefer to lease.
Project partners included Smallwood Nickle Architects and Shaub Construction, both Nashville-based
Groundbreaking looms for Topgolf facility
A February groundbreaking is targeted for Dallas-based Topgolf International Inc.’s golf entertainment building eyed for the east bank of the Cumberland River across from Germantown in North Nashville, The Tennessean reports.
The company is finalizing a ground lease related to the 13-acre site, according to the morning daily.
The project will carry an approximately $20 million price tag.
An early 2017 opening is being eyed.
Read more here.
Virgin Hotel GC update
Yesterday, we reported the D.F. Chase signage is down at the Midtown site on which a Virgin Hotel project is planned.
Originally, some members of the Nashville-based general contracting company were to have served as the developers of the hotel project. In December, Virgin acquired the site from the partnership for $11 million.
After the blurb ran, the Post received an email from the Virgin public relations team noting no GC has been selected.
It will be interesting to see if Chase is the choice.