News
ULX: Retail Reconstructions
October 16, 2013 in Urbanland
In 2006, two Dallas-based developers—Corinth Properties and ATR and Associates—purchased the One Hundred Oaks Mall, an 880,000-square-foot (82,000 sq m) enclosed mall. Since its opening nearly 40 years earlier, the mall had suffered as suburban competitors sprang up. By the time of the purchase, only the ground floor was fully leased, with the upper levels mostly vacant. Three miles (5 km) away, Vanderbilt University Medical Center had outgrown its hospital campus in midtown Nashville and needed to move its outpatient clinics off site. The medical center leased the mall’s second and third levels as well as its office tower, while the retail tenants remained on the first.
Redevelopment of One Hundred Oaks by Tony Ruggeri and Frank Mihalopoulos wins 2010 Urban Land Institute Excellence Award
CBRE arranges sale of South Plains Crossing in Lubbock
April 19, 2013 in RE Business Online
CBRE Capital Markets in Dallas and Houston brokered the sale of the 144,241-square-foot South Plains Crossing, a neighborhood shopping center located at 6802 Slide Road in Lubbock. The property is 98 percent leased to tenants including Hobby Lobby and Spec's Liquor. Chris Cozby, Chris Gerard and Kevin Holland of CBRE represented the seller, Dallas-based ATR & Associates, in the transaction. Phoenix-based Cole Real Estate Investments purchased the center, which was renovated in 2012.
Merger of Med & Retail: Professionals say trend finally taking shape
January, 2010 in Healthcare Real Estate Insights
The passage of healthcare reform legislation notwithstanding, no one can predict exactly what the country's healthcare delivery system will look like five, 10 or 20 years from now. But one possibility for the future of such a delivery system can be glimpsed in Nashville, Tenn., where Vanderbilt Medical Center leases nearly half of the 850,000 square foot indoor shopping center called One Hundred Oaks.
Old Walls, New Uses - Mall Makeover: The Path to a Medical Mecca
December 28, 2009 in Realtor Magazine
Not everyone has the eye or the interest to sell or develop adaptive reuse, but if you’re passionate about it, "it’s a labor of love," says Sandra Jarvis, president of IndySquared Commercial Properties in Indianapolis. One challenge, she says, is that "you have to look past the pigeons and the disrepair and paint the picture for the buyer."
Vanderbilt's 100 Oaks clinics touted for convenience, comfort
September 13, 2009 in Nashville Business Journal
Rachael Jones used to spend 30 minutes to park, walk and find the clinic at Vanderbilt University Medical Center where she gets an infusion of iron twice a year after her kidney transplant. Now she breezes in to a new location in about five minutes, where she's greeted by a private room, a comfy recliner and a flat panel television to spend the two hours it takes to get her infusion. The health clinic at the 100 Oaks mall is a marked change from the 21st Avenue location, a cramped space where Jones sat with about 10 other patients in one room.
Medicine at the Mall
January 13, 2009 in HealthLeaders Magazine
When Vanderbilt University Medical Center executives first considered locating services in an aging Nashville shopping center, the price of the property is what caught their eye. "We concluded that we could get medical clinic space and office space at this location at a much less expensive rate than what we were paying to build on our main campus," says C. Wright Pinson, MD, associate vice chancellor for clinical affairs.
Commercial real estate can be good investment in bad market
October 13, 2008 in Nashville Business Journal
Commercial real estate is alive and well. I know that is not a popular position amid the dire reports of Wall Street bailouts and financial meltdowns. The fact is that good commercial real estate continues to perform well in today’s environment. I am talking about real estate that is in well-positioned, population-dense areas — real estate that is well-built with a good mix of stable tenants.
Revitalizing Dead Space
June 16, 2008 in American Medical News
Vanderbilt University has an ambitious plan to revive an old mall by mixing medical and retail. But with shopping center vacancy rates growing, even the smallest practice might be able to do the same by moving into a commercial location.
Office Lease/Deals: 100 Oaks
May 8, 2008 in Nashville Business Journal
The former 100 Oaks Mall is undergoing a major rebirth with the addition of 19 Vanderbilt University Medical Center clinics. Despite the successes of the 41-year-old mall's exterior tenants, its interior had long been home to little more than mall-walker exercisers and the occasional discount outlet. The mall's prime location off Interstate 65 and closeness to downtown, Green Hills and Cool Springs intrigued Tony Ruggeri, who along with partner Frank Mihalopoulos bought the property from Belz Enterprises in late 2006 for $52.2 million.
Radical Renewal: $64M Vandy investment spells healthy 100 Oaks future
Mar 16, 2008 in Nashville Business Journal
When 100 Oaks Mall debuted in 1962 it was the first major destination shopping mall in Nashville. Forty-five years later it was a poster child for the plight of dying malls across America. Now the mall is undergoing a radical retooling that could make it a poster child again, but for something different - rebirth.
Dallas Firm Enters TN with 850,000-SF Retail Buy
December 7, 2006 in GlobeSt.com
The sale of an 850,000-sf retail asset here involved two firsts: it was the first Tennessee buy for a Dallas investment firm and 100 Oaks Mall was the first enclosed shopping mall built in Nashville, back in 1967. 100 Oaks Plaza LLC, led by Anthony T. Ruggeri and Frank Mihalopoulos, purchased the retail asset and the adjoining 100 Oaks office tower from Belz Enterprises of Memphis. The prior relationship between the two sides facilitated the Dallas-based firm's entrance into the market, a spokeswoman for the buyer tells GlobeSt.com. Mihalopoulos declined to reveal the acquisition price, and tells GlobeSt.com that the cap rate is not really applicable because it is a redevelopment. "This was not bought as an income-producing property," he explains. JP Morgan financed the deal.
Texas Developers Finalize 100 Oaks Lease Agreement with Vanderbilt University for Medical Center Space
December 6, 2006 - Press Release
100 Oaks Plaza, LLC will lease 436,524 square feet of space at 100 Oaks Mall to Vanderbilt University Medical Center under a long-term lease agreement signed today with Vanderbilt University. 100 Oaks Plaza, LLC, owner of 100 Oaks Mall, is an investment group based in Dallas, Texas. Vanderbilt has announced its intention to establish a second location for the medical center at 100 Oaks, 719 Thompson Lane.
Under Construction: Home decor, pet stores coming to CS
Oct 23, 2005 in The Eagle
A home decor retail shop and a pet store offering equine products and veterinary services are under construction on University Drive in College Station, with mid-April set as the anticipated opening date. The new businesses - PetSmart and Linens 'n Things - will continue a trend of diversity in products and services offered alone one of the city's main business corridors, according to Mark Dotzour, chief economist for the Real Estate Center at Texas A&M University.
McKinney developing a 'crossroads'
May 23, 2004 in McKinney Courier-Gazette
The intersection of Eldorado Parkway and Central Expressway is the first of two areas in McKinney where new restaurants, retail and other development are sprouting up. Equidistant from two shopping malls and surrounded by houses, the money-making potential at the four corners of Eldorado and Central has attracted several large franchises with two more signing last week, said Bry Taylor, president of Bryson Development.
Best New Development: Cedar Hill Village
March 13, 2003 in Austin Business Journal
The Cedar Hill Village development may not have the fiscal impact that other massive projects in Metroplex cities will have, but many view it has having the potential to uplift the city and the entire southern Dallas region. "A development like this just doesn't happen that often," said David Miracle, director, Cedar Hill Economic Development.
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