Nashville Medical Trade Center Lands First Anchor Tenant
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HIMSS, Nation’s Largest Healthcare Technology Group Joins $250 Development
The proposed Nashville Medical Trade Center got a major shot in the arm this week by landing its first anchor tenant – the Healthcare Information and Management Systems Society (HIMSS), the nation’s largest healthcare technology group.
With 28,000 individual and nearly 500 corporate members, the association includes major tech companies such as Microsoft, Dell, IBM, Hewlett Packard and more.
The association will lease 25,000 square feet or more in the new medical trade center, a 1.5 million- square-foot, 15-story medical mart slated to be built in downtown Nashville on the existing convention center site. The medical trade center will cost an estimated $250 million.
Nashville has long been known as a major healthcare capitol in the U.S. – with more than 300 healthcare companies in the area – and this blockbuster development will cement Music City as the Silicon Valley of healthcare.
The highly anticipated project would employ 2,760 people, generate $390 million in economic activity a year and produce $21 million a year in state and local taxes by 2019, according to a study conducted by the University of Tennessee.
Gov. Phil Bredesen, Nashville Mayor Karl Dean, Bill Winsor, president and CEO of Market Center Management, the trade center developer, and HIMSS CEO Stephen Lieber made the announcement from the Tennessee State Capitol on Wednesday. For a news release on the announcement, click here.
A central element of the HIMSS anchor space will be a permanent home for the association’s Interoperability Showcase, a “groundbreaking marketplace” that will showcase how patient data can be shared across platforms and in different medical settings.
The top two floors of the trade center will be dedicated specifically to technology, and HIMSS members — there are 28,000 individuals and more than 490 corporate members — will be able to lease space at a reduced cost.
The medical trade center, opening in early 2013, is an innovative healthcare marketplace that unifies for the first time permanent showrooms, temporary exhibition space, and education and training facilities. The result is a comprehensive global marketplace for healthcare products, solutions and services.
The trade center will feature three components: more than 600 permanent manufacturer showrooms for healthcare product manufacturers, distributors, and information technology companies; more than 150,000 square feet of temporary trade show space; and state-of-the-art conference facilities to accommodate a full annual calendar of trade events, education and training.
Many movers and shakers in the know on this project expect a “domino effect” in coming months – as the HIMSS alliance paves the way for future tenant news. Stay tuned!
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