The Tennessean from Nashville, Tennessee • Page 45

I I tit itanmtM COMMERCIAL REAL ESTATE bursts out of tike Activity Students' play money investments do pay off gray I -K 1 3 Bv GETAHN WARD Stciff riter When Gresham Smith and Partners was planning to move its head offices back downtown two years ago after 15 years on West End Avenue, partners had several goals, says spokesman Steve Kulinski. Among them, Kulinski says: They hoped to land in a building designed by the firm and one that allowed for installing the latest technology. Both were found in Nashville City Center, where Gresham Smith now occupies three "full floors and parts of three others in the 28-story tower the firm designed in the '80s. For a company that has designed many major Nashville buildings, adding a creative touch to its new space wasn't a big problem. Everything from the gray paint and soft lights to the many paintings and building models on display creates a museum-like feel.

Video monitors in the lobbies provide glimpses of different buildings designed by the company. They include Dollar General's new headquarters and Prison Realty's Corrections Corporation of to flow for the teens playing the game or for young workers signing up Tor their first 401(kX Draper said. "A lot of them are using pie Internet to get informatioa They 'can access annual reports and research companies." Younger investors need to learn investing from the ground up, just $ke their parents and older siblings, said JeffFox, director of children's investment program at NAIC, the National Association of Investors Corp. "They need to learn the basic'stuff -how to buy a car," he said. Member demands led the NAIC to set up its children's program last year.

"We started in December and now have 1300 members." Fox is concerned that the game offers only 10 weeks to build a portfolio, since most investing is done for a longer term, like years. The longer term is something emphasized several times by Bobby Corcoran, the Middle Tennessee State University economics and finance professor who heads the Stock Market Game in Tennessee. "The most important Investment is a long-term event," he said. The 10-week period used in the game "is a terribly unrepresentative window." He teaches his students to look out over a five-year horizoa And "sitting" on an investment isn't always all bad, according' to Corcoran. The team at Sevierville High School over in East Tennessee, took its $100,000 stake and bought E-Trade, 1500 shares at first and then 2,000 more.

"They used their unused buying power to buy," he said. They ended up the statewide winner, building their $100,000 stake to $309,000. ji- fflEEMANftAMSEYSTAFf PHOTOS The main lobby area of Gresham Smith aPartrwrsorifc displaying many of the company's proteets- The interior staircase, above, is one of several rotating images that are meant to create says the firm's marketing director. i'L America The rotating images, interior staircase and displayed paintings are meant to create "activity" in the lobbies, said Kulinski, marketing director and partner in the firm. The paintings, contributed by various local artists, are rotated regularly throughout the building.

Because the company uses many high-tech computers and its Nashville headquarters serve as a network hub for its 11 offices, much attention was placed on installing various deuces for processes such as communication, Kulinski said Founded in Nashville in 1967 by partners Batey Gresham and Flem Smith, Gresham Smith now ranks among the 25 largest architecture and engineering firms nationwide. Its initial offices were in the old Sudekum Building at Church Street and 6th Avenue. Offices were moved to West End Avenue about 15 years after its founding. Gresham Smith then moved to the Nashville City Center in 1997. An interior staircases irr photo above connects: floors occuped by tte company in NasnvtfteGy Center, alicwHngerrtpioy--ees to move betweerr floors without havmqta use the building's com TVack drives real estate opportunities mon lBmtirKB.

on xfaspiay lrHoigtKthetTrricesandcof mrjuffld ty vanoiB tocal artists, are regularly rotated. iii I It" Commercial Real Estate -SSES! 804 Commercial Property For Sale Tioar-lmonm- XfmtsXMBmi.M. CTotvaatc TUm-aim tvioofi Source. 350. 7ioa-1tnai -trsa ll-Hcmraylrtg neefinrrfisEsaaei "ilI.SBranri T6uwugppBFis BCSJHt.

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2sz. iKiuvmsxB! ionvenQon CoetHET APT. BIDG sites available Details: Kelly Properties Inc. Co. 385-5677, 291-21 20 pai Pat Ljie, economic development director of Wilson County, said a commercial development surge would be welcomed on the heels of the raceway project and announcement of a new Dell Computer plant in Lebanon.

"WeVe been expanding rapidly with suburban population growth and that's expensive for local governments, not profitable." A typical family of four with two school-age children will consume or more in educational and other services, while putting back in only $300 or $900 in property taxes. Lyle said. "Your choice is to raise taxes through the roof or increase the local tax base," which the anticipated new business investment promises to do, he added Improvements are already under way on the building leased by Dell in Lebanon's Eastgate Industrial Park. The facility will employ 600 workers by the end of the year, making the company's Dimension line of desktop computers. Lyle said.

"It's not a temporary location, as some in the media continue to report," he stressed. "Dell is spending several million on build-out to do production here." In addition to the Wilson County site. Dell also has announced plans to locate an assembly plant and technical support headquarters in Nashville! CSC music studio. Call for Morgret Hostettler 297-5326 Franklin Office 4,150 sq.ft., Downtown. Visit us at tennessean.ccm..

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