Nashville Medical Trade Center Lands First Tenant
The nation’s largest health-care technology trade¬†group has agreed to lease 25,000 square feet or¬†more in a proposed Nashville Medical Trade Center¬†downtown, giving a major boost to¬†the project’s credibility. The 28,000-member Healthcare Information¬†and Management Systems Society plans to use its¬†space, part of an eventual 15-story medical¬†trade center, as a showroom to demonstrate high-¬†tech clinical systems and other products.
“Right now, if you look at health-care information¬†technology, that’s really the sweet spot of growth in¬†the health-care industry,” said Bill Winsor, chief¬†executive officer of Market Center Management, the¬†Dallas developer of the planned $250-million¬†building.
The lease gives the Nashville Medical Trade Center‚ÄĒto be built in and atop the existing Nashville¬†Convention Center‚ÄĒ a solid starting point, Sean Jackson, an industry analyst at Avondale¬†Partners LLC in Nashville, told the Tennessean.com.
With 490 corporate members,¬†including Microsoft and Google, Healthcare¬†Information (based in Chicago) is the largest¬†association of its kind focused exclusively on¬†information technology for health care.
Signing a major new tenant may give the proposed Nashville center an edge in a three-way race with¬†two other medical trade centers in the planning¬†stages for New York and Cleveland. Such centers¬†showcase a variety of medical products from¬†hospital beds and imaging equipment to computer¬†software.
Market Center Management is¬†negotiating a master lease with Nashville officials to take¬†over the current convention center space after the¬†new Music City Center convention hall gets built.¬†The developer wants to expand the 22-year-old convention center to about 1.5 million¬†square feet by adding 12 new floors above the¬†current building. Plans call for the medical trade¬†center to open in early 2013.