ATLANTA, GA--Cousins Properties Incorporated (NYSE:CUZ) and Faison Enterprises announced seven new leases at The Avenue Murfreesboro, (photo top right) an 810,000-square-foot open-air retail center outside Nashville, Tenn.The announced retailers include American Eagle Outfitters, Old Navy, Haverty's, Hollister, Massage Envy, Newk'sCafe Express and Jared Jewelers.
The Avenue Murfreesboro's 660,000-square-foot first phase is now 80 percent committed. Old Navyand Haverty's are the first retailers to commit to two under-construction expansions, totaling 19,000 square feet and 30,400 square feet respectively. The center will eventually become home tomore than 110 retailers and restaurants.
Cousins and Faison also announced that Linens 'N Things,Cost Plus World Market, Hollister and American Eagle Outfitters will open at The Avenue Murfreesboro in the second quarter of 2008. A full list of retailer commitments at the center can be found at www.theavenuealist.com.
"Adding great retailers like these to our already impressive merchant roster speaks volumes about this center and community," saidDarryl Bonner, senior vice president of leasing for Cousins' Retail Division. "We look forward to more exciting commitments and openings as the year progresses."
"Both retailer and consumer interest in The Avenue Murfreesboro continues to impress our team. We've said from the beginning that this project fits well with the growth in Middle Tennessee and I think the current results bear that out," said Mike Cohn, senior managing director with Faison.
The Avenue Murfreesboro is the centerpiece of 400 acres of new commercial development envisioned by landowner C.M. "Bill" Gatton along Medical Center Parkway. Projects in the area are slated to include retail, office, hotel, convention center and public spaces. Medical Center Parkway connects the new Manson Pike interchange on I-24 with the City of Murfreesboro's Gateway project, plans for which include the new 300-bed Middle Tennessee Medical Center along with medical and professional offices.
CONTACT:
Faison Enterprises, Inc.
Mike Cohn,
Senior Managing Director,
770-352-0203
or
Cousins Properties Incorporated
Matt Gove,
Vice President,
404-407-1490
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