I-24/Fotress Boulevard - Manson Pike Crossin - Parcel E, Murfreesboro, TN

Summit Contractors Group, Inc. obtained approvals for a 130 acre mixed use development located along the southwesterly corridor of the new I-24 interchange ("the Gateway to Murfreesboro") at Manson Pike/Medical Center Parkway, located in Murfreesboro, Tennessee, 28 miles southeast of Nashville. The name of this mixed use development is Manson Pike Crossing. 320 units of the 800 unit multi-family residential component of this mixed use development have been completed. "The Avenue" (an 833,000 sq. ft. "Lifestyle Mall" development joint venture of Faison and Cousins) recently opened across I-24 from this site. In fall of 2010, Middle Tennessee Medical Center (MTMC) will open a new hospital approximately 1.5 miles from this mixed use development. The Avenue (click www.cousinsproperties.com <http://www.cousinsproperties.com/> then retail, then portfolio, then Tennessee), MTMC, the Embassy Suites Hotel and convention center, our proposed developments, and significant residential growth in this corridor, all draw traffic to and from this new interchange. Direct I-24 visibility and signage provide excellent access to these sites. Due to the success of The Avenue and proposed road improvements, we have developed a new conceptual plan (See attached Puckett Creek Station, LLP site plan).


We do not intend to immediately establish fixed prices for property that we own within Tracts I –V, or any of the Out Parcels within these tracts, as there are presently too many variables (timing of completion of road construction, timing of the PUD amendment approval, timing of when we can convey property, commitment and/or approval by the anchor tenant, proposed Out Parcel use, use fit within the Master Plan, etc.). However, if you have a client that wishes to provide a Letter of Intent for any (or all) of our properties, we would consider one and will pay a fair commission at closing.

Sale Notes:
FORTRESS LANDING is a 130 acre mixed use development in Murfreesboro, TN located off I-24 at Medical Center Parkway and Fortress Boulevard, 27 miles southeast of Nashville. Murfreesboro is currently one of the hottest places to do business and one of the fastest growing USA cities in one of the fastest growing counties. Located in the center of the southeastern United States, Murfreesboro is only a short drive from 75% of the country’s major markets. To date, 320 units of the multi-family residential component of FORTRESS LANDING have been completed and approximately 80 acres remain available for additional commercial and multi-family uses. A new 264 unit Class A apartment community is planned for Parcel 1 with construction to commence in the 4th quarter 2011. Direct I-24 access and signage opportunities provide excellent visibility and access to the 98,285 I-24 vehicle per day traffic count. 3 new schools (K-12) adjacent to FORTRESS LANDING also draw tremendous local traffic. With the recent road improvements, this is the new conceptual site plan. We believe that the new road alignment beneficially impacts the access, development potential and location value of FORTRESS LANDING. Construction of the new roads is complete. The present site plan is conceptual and parcel sizes can vary from this plan. Parcel 3A recently sold for the development of an Exxon “On the Run” fuel and convenience store. Please call for additional details on this new regional mixed use development.