FRANKLIN, TENN. — KBS has signed three new tenants at The McEwen Building, a 175,262-square-foot office and retail property in Franklin, about 21.5 miles south of Nashville. Together the three tenants occupy 66,611 square feet.
One of the new tenants, Kaiser Aluminum Corp., a global aluminum supplier, has committed to 27,356 square feet of office space. Kaiser will be relocating its corporate functions from Foothill Ranch, Calif. American Renal Associates LLC, a Massachusetts-based dialysis clinic operator, signed a 26,695-square-foot lease. Lastly, an undisclosed financial institution based locally signed a lease for 12,560 square feet, which includes 1,290 square feet for retail and 11,270 square feet of first-floor office space.
The lease transaction occurred after KBS made investments to the property, including the completion of 24,130 square feet of built-out spec suite space and upgrades to the first and second floor lobbies, restrooms, coffee bar and café.
Blake Newton of Cushman & Wakefield represented KBS in the recent leasing transactions.
Rick Sherburne, Wesley Sherburne and Taylor Hillenmeyer of CBRE represented Kaiser Aluminum Corp., Tom Hooper of JLL represented American Renal Associates and Shane Douglas of Colliers represented the local financial institution in the negotiation of the leases.
KBS also completed a series of renovations to the common areas and spec suites at the property, which is owned by KBS Real Estate Investment Trust III.
Built in 2009, the seven-story building features six floors of office space and a ground floor dedicated to retail. The property features onsite dining and fitness options, onsite parking, car-charging stations and an outdoor dining patio and adjacent courtyard. Located at 1550 W. McEwen Drive, the property is located near retailers such as Bricktop’s restaurant, Whole Foods Market, lululemon athletica and Mountain High Outfitters.