Rise Partners, a company focused development, redevelopment, acquisitions and joint ventures, has announced that construction has begun on the former Sears in Jackson Plaza with DBS Corporation as the contractor and First Bank as the lender. Chattanooga-based Artech is the architect for the project.
“We are thrilled to announce we have started construction on the redevelopment of the former Sears,” said Matt Phillips, partner, Rise Partners. “The addition of a 55,000 square foot Hobby Lobby and the future 20,000 square foot national retailer will build upon Jackson Plaza’s history of success.”
Rise Partners closed on Jackson Plaza, a 350,000 square foot shopping center located in Cookeville, on June 27. The redevelopment, which began this week, will subdivide the 80,000 square foot former Sears building to create two new tenant spaces, one of which will be a 55,000 square foot Hobby Lobby. In addition, Rise Partners has a signed lease with a 20,000 square foot national retailer new to the Cookeville market. The name of that retailer will be announced at a later date.
The project will complement the existing tenants, which include Belk, TJ Maxx, Old Navy, Dunham’s Sports, Food Lion, Books a Million and Petco.
Construction on the former Sears building is scheduled to be completed Summer 2019. Grand opening dates will be set by tenants and will be announced at a later date.
To learn more about the company, visit: www.RisePartners.net or find them on LinkedIn, Rise Partners.