Marketplace: Hewlett’s not packing for anywhere else

Monday, July 7, 2008 at 3:11am

Hewlett-Packard seems to be clearly staying in Nashville.

The company recently renewed its lease of 300,000 square feet of space in the Mid-South Logistec Center in LaVergne.

In 1999, Hewlett-Packard first set up there to build desktop computers, announcing a major campus in LaVergne in 2000.

The computer assembly left a year later. But another portion of the company’s business grew and handle returns and refurbishment for a variety of HP products.

John Ward, Doug Howard and Dave McGahren, brokers with Colliers Turley Martin Tucker, represented the owner Des Moines-based Principal Real Estate Investors. Terry Smith and Jay Frazer, brokers with Nashville Commercial/Cushman & Wakefield represented HP.

Brentwood firm closes on Bellevue purchase

Brentwood-based PGM Properties closed on the purchase of the Publix-anchored Harpeth Village, paying $15.7 million for the new center in Bellevue.

PGM bought the property from Kimco Realty, the center’s developer.

The buyer already owns neighboring center The Shoppes on the Harpeth and now owns four Publix centers in the Nashville area.

With the sale, Kimco exits the Nashville market.

Charlotte Ford, a broker with NAI Nashville represented PGM in the transaction.

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Filed under: City Business