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One of three downtown Nashville buildings could be home to a new medical trade center planned by a Dallas-based company, providing a sizeable lease that could reduce office vacancy in the city’s central business district by up to 25 percent.

Market Center Management Co. is talking to owners or leasing agents for The Pinnacle at Symphony Place, a new building located south of Broadway, the AT&T Tower (nicknamed the Batman building) and Regions Center. The group is seeking up to 300,000 square feet of space for permanent showrooms for suppliers of health-care products and services, said Jeff Haynes, a real estate consultant to the project.

“The first choice is downtown,” Haynes said, adding that another possibility would be to spread the center out over several buildings around Nashville International Airport.

Market Center Management also is seeking to use space in the existing and proposed Nashville Convention Center for health-care trade shows, seminars and continuing education programs that it hopes to bring to town, said Bill Winsor, its chief executive.

“I can’t think of a better way for him to test his concept than with us in that building,” said Butch Spyridon, president of the Nashville Convention & Visitors Bureau, which handles sales and marketing of the convention center. “I think they complement each other in this case. I’m looking forward to testing the theory.”

Last month, Market Center Management revealed plans for what it said eventually would be 1.5 million square feet of year-round space to showcase medical gadgets and health-care technology. Winsor said the first phase of 250,000 to 300,000 square feet should open by next summer, adding that plans for subsequent phases are being finalized. He expects the trade center to create 1,000 jobs plus generate revenues for the city through spending by business tourists that would participate in the shows.

Market Center Management’s pursuit of a relationship with the existing Nashville Convention Center also leaves open the possibility that it could pursue that location after the replacement Music City Center is built down the road. “We’re going to keep ourselves open to all options,” Winsor said.

via: http://www.thedailynewsonline.com/articles/2009/06/22/news/5636780.txt

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