Avison Young Brokers 9.5-Acre Sale of Former Murfreesboro YMCA

  Email   Print

Avison Young has brokered the sale of the former YMCA of Murfreesboro property located at 205 North Thompson Lane in Murfreesboro to Anchor Commercial Development. The 9.5 acres of land sold for $3.5 million.

Spencer Hunt, associate with Avison Young's Retail Services group, represented Anchor Commercial Development. Greg Coleman, associate broker with Southeast Venture, represented YMCA of Middle Tennessee.

Anchor Commercial Development plans to develop a new 100,000-square-foot retail center named Stones River Place. Located in the heart of the retail shopping in Murfreesboro and accessible by two exits off I-24, the high-end center will be developed in two phases.

ADVERTISEMENT



Hunt says the first phase will be redeveloping the current 44,000 square foot YMCA building. They'll be putting a new façade on the building and breaking the interior up into retail shop spaces. That first phase will be accompanied by a 5,000 square foot outparcel. Hunt says it should be complete by January 2017. The second phase is to be determined but will consist of 50,000 square feet of new shop space, including one or two junior anchor boxes.

ADVERTISEMENT



Read more from:
News
Tags: 
commercial development, Murfreesboro news, Murfreesboro YMCA, NewsRadio WGNS, sale, YMCA
Share: 
  Email   Print
Related Articles
Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: