University Center is a new ground-up retail development in Johnson City, TN, commencing in Fall 2015. Starbucks is anchoring the Phase 1 building in a 2050sf restaurant end-cap. 4,158sf remain available for restaurant or retail occupancy.
Phase 2 consists of a parcel for land lease or an 8,460 sf retail building for restaurant or retail space.
~ 2.5 acres in front of East Tennessee State University
Pad site(s) or 8-15,000sf retail strip.
Intersection of 2 high traffic arterial roads
Neighboring Businesses Include Ruby Tuesday’s, Wellingtons (a white table-cloth restaurant), & the Carnegie Luxury Hotel & Spa.
Neighboring Institutions are East Tennessee State University with nearly 16,000 students and 1,990 employees; VA Hospital; Quillen College of Medicine with 1,259 employees; the public / private Millennium Center; and Mountain States Healthcare Alliance regional hospital with 3,541 employees.
Adjacent to the site are the Millennium Trail; a new ETSU baseball stadium; a 624 bedroom student housing development University Edge; and a new 526 bedroom student housing development Monarch 815.
Developer | Aaron Ligon, Ligon CRE
Marketing | Heath Knott, Ligon CRE
East Tennessee State University
The subject property is located directly across State of Franklin Road from ETSU
University enrollment increased from 2008 to 2012 to over 13,000 full time students, an increase of nearly 48% over a 4 year period
Enrollment continues to increase annually – enrollment for 2013 is 15,536 full time students
Graduate programs are anchored around a strong and established medical school, a brand new pharmacy school, and the projected addition of a new dental school planned for 2015
Quillen College of Medicine
The Quillen College of Medicine is located 600 yards from the subject property
Johnson City Medical Center
This prestigious healthcare institution is located within 1.1 miles of the subject property
Mountain state Health Alliance’s flagship facility is 501-bed regional tertiary referral center for the entire service area
JCMC is one of six Level 1 Trauma Centers in the state of Tennessee
JCMC Surgical Tower Expansion
The 156,000-square-foot surgery tower will feature 16 operating suites – each 30 percent larger to accommodate new technology and allow more space for clinicians to care for patients
The 69 million dollar expansion is expected to bring over 1,000 jobs to the area and is being constructed in accordance with the US Green Council Guidelines