July 12, 2016
Financial Firm’s Lease Fills Boyle Brentwood Building
By Brian Forrester
– Nashville Business Journal –
Thoroughbred Financial Services has landed in the last remaining space at Boyle Investment Co.’s Center Court office building in Maryland Farms.
Brentwood-based Thoroughbred will occupy the 12,000 square foot marquee office space on the top floor at Center Court and is expected to move in August. Its seven-year lease brings Center Court to 100 percent occupancy months ahead of Boyle’s expectations.
“We had planned for it to take between two years and two and a half years to fully lease up,” says Boyle agent Thomas McDaniel.
Memphis-based Boyle bought the 58,000 square foot building nearly 24 months ago. At the time, Center Court was about 25 percent occupied following the exit of a large tenant.
Boyle has since refurbished all common areas, improved the buildings’ access from the street, painted the exterior and added a mail room and vending area. The real estate company also took up space in the building for its Nashville area office.
“We’ve really overhauled the cosmetic aspects of the building,” says McDaniel.
For Thoroughbred, the larger space will allow the company to add staff and consolidate operations from two buildings.
“Now we can really expand our sales force,” says Dan Kelly, Thoroughbred’s vice president of operations.
Thoroughbred is a financial consulting firm with offices in Jackson, Columbia and Knoxville. The firm, which provides planning for estates, income tax matters, businesses, benefits, insurance, investment and retirement, now employs about 35 people and has increased assets under management by nearly 40 percent in the past three years.
Still, the company has operated with a smaller sales force than it would prefer. Kelly hopes to add as many as four sales professionals.
Thoroughbred still owns a 5,000 square-foot building at 5038 Thoroughbred Lane in Brentwood. The building is under contract to sell in August, which will coincide with the company’s move. Kelly declined to identify the potential buyer.