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LBMC and H.G. Hill Realty sign letter of intent for company's new headquarters

05/12/2014

Developer to file rezoning application for Hill Center Brentwood redevelopment; present preliminary plans May 22

LBMC and the LBMC Family of Companies have signed a letter of intent with H.G. Hill Realty Company to construct the company's new headquarters in the redeveloped Hill Center Brentwood. Pending necessary approvals by the City of Brentwood, LBMC will be the anchor office tenant for the combined properties that include the former Murray Ohio and Tennessee Baptist Convention headquarters sites.

LBMC, a Top 50 U.S. Accounting and Business Consulting firm and the largest regional firm based in Tennessee, will occupy approximately 65,000 square feet of the proposed building that will sit at the southeast corner of Franklin Road and Maryland Way – one of city's most visible corners. This letter of intent comes on the eve of LBMC’s 30th anniversary, having been established June 1, 1984, before Brentwood saw its expansive growth.

The announcement affirms LBMC's desire to keep its headquarters, and its approximately 300 employees, in Brentwood. “This presents a great opportunity for us to meet our increasing space needs, as well as maintain our headquarters location in Brentwood, where we have been for the last 30 years,” said LBMC Co-Managing Partner, David Morgan.

"We are honored to play a role in keeping LBMC in Brentwood and to work with David and his team as they expand and grow their business," said Jimmy Granbery, CEO of H.G. Hill Realty Company.
In addition to the LBMC announcement, Granbery announced to Brentwood City Commissioners at Monday night's City Commission Meeting, the company's intent to request C2 zoning for the properties, which is the zoning for the company's existing center anchored by The Fresh Market, Puffy Muffin and REI. The properties are currently zoned C1, which allows for primarily office only development.

The rezoning application, which will be filed with the City later this month, will follow a community meeting on May 22 hosted by the company and its development team to present its preliminary plans for the redevelopment. This community update follows a series of neighborhood meetings, well-attended community listening sessions and individual meetings with residents, business owners and City of Brentwood officials to solicit input and help guide and inform H.G. Hill Realty's internal planning.

"The meetings held over the past several months – along with a review of the preliminary Brentwood 2020 survey results and analysis of several traffic studies – provided significant and valuable feedback for our company and our development team," said Granbery. "One of the main takeaways from the listening sessions was the desire not only for additional retail and dining options, but a clearly stated desire for a particular type and quality."

Presenting the early stage plans allows the community to view and react in the early stages of the redevelopment of the combined properties. "The rezoning request by no means indicates that we are set in stone with regard to everything in our filing," said Granbery. "We look forward to sharing our preliminary plans with our neighbors, introducing our development team and moving the redevelopment forward."

The May 22 meeting will be held in the auditorium of the Tennessee Baptist Convention at 5001 Maryland Way from 6 – 7:30 p.m.

LBMC, PC, and The LBMC Family of Companies have over 400 employees across Tennessee, with offices in Nashville (Brentwood), Chattanooga, and Knoxville. Founded in 1984 as a traditional accounting firm, LBMC has expanded its focus to meet a broad range of financial, human resources and technology needs for its diverse client base.  Specific services offered by the LBMC “Family of Companies” include: accounting and assurance services, business and personal tax consulting, investment advisory services, professional staffing, human resources outsourcing, payroll services, technology solutions, IT security, healthcare consulting and compliance, planning services, litigation support, business valuations, and mergers and acquisitions. 

About H.G. Hill Realty Company, LLC
Since 1895, H.G. Hill Realty has built a legacy of service and stewardship in Middle Tennessee. Following the success of H.G. Hill Food Stores, H.G. Hill, Sr. incorporated the H.G. Hill Realty Company in 1926 and placed most of the property he had acquired over the years into the Realty Company. When H.G. Hill, Jr. took the helm in 1942, he continued the tradition of acquiring and developing property during his 51 years as president. It was during Hill, Jr.'s tenure that the idea of neighborhood shopping centers became popular, and the company began to develop a number of centers in the Nashville suburbs, each of which was anchored by an H.G. Hill Food Store. For more information, visit http://www.hghill.com.

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