Financial services company latest tenant for The Boot Factory building.
Advance Financial has signed a lease to move its headquarters to 21,873 square feet of space at The Boot Factory, a former industrial warehouse converted into a mixed-use building.
With the lease, the building that Nashville-based real estate firm Chas. Hawkins Co. redeveloped is 70 percent occupied. WELD, a collaborative community for visual artists, creators and entrepreneurs that leased 20,000 square feet of space, is among the other tenants there.
Advance Financial’s new space at the building at 90 Oceanside Drive near Eighth Avenue South and the Tennessee State Fairgrounds will house more than 100 corporate and call center employees. Its current corporate office is spread across four buildings at 19th and Church.
“After visiting The Boot Factory, we … knew it was the ideal space for the next phase of our company’s development,” said Anderson Jarman, director of asset management for financial services company Advance Financial, which reported revenues of $73.7 million for last year.
The family-owned business has 58 stores opened 24 hours a day, year-round with 11 more to open this year. Advance Financial offers lines of credit, check cashing services, wire transfers, bill payments and free money orders. Inc. magazine lists the business among the U.S.’ fastest-growing privately held companies based on its 175 percent four-year revenue growth rate.
In the 1950s, The Boot Factory was home to The General Shoe Co. Remaining individual suites range from 5,746 square feet up to 32,752 square feet of creative commercial space.
Bo Tyler of Jones Lang LaSalle and Charles Warner of Baker Storey McDonald Properties Inc. represented Advance Financial in lease negotiations. Tee Patterson and Clancy Hoban of Chas. Hawkins Co. Inc./CORFAC International represented the developers in those talks.
Original Source: The Tennessean