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Admiral Pointe sees new life at the hands of its creator

Admiral Pointe is getting a new lease on life at the hands of the man who originally developed the property nearly two decades ago.

Nick Cazana, president of Commercial & Investment Properties, and Ryan Cazana, the company’s development director, are renovating the interior of Admiral Pointe, an office building at the corner of Concord Road and Kingston Pike.

“The building has seven suites and one common area,” Ryan said.

The suites range in size from 751 square feet up to 3,600 square feet.

“We can combine suites and adjust the size if a client needs us to do so,” Nick said.

Nick said the price per square foot is $18.50, compared to about $25 per square foot for office space on Parkside Drive.

“We have prime office space here in Farragut and at ground level,” Nick said. “Customers coming here won’t have to deal with that Turkey Creek traffic.”

Ryan said the facility has a state-of-the-art security system and the wiring is in place for any clients who might wish to add amenities to their office, such as wireless Internet.

One client already in the building is Foot and Ankle Institute of Knoxville, Ryan said, and was scheduled to open Monday, Aug. 14.

Nick said there is a little nostalgia for him in renovating Admiral Pointe because he originally developed and built the place in 1988.

“All of this property used to be part of the old Farragut High School,” he said. “When we developed it, we thought it was the best corner around.”

Nick said he sold the property to another businessman who in turn developed the facility as a place for medical offices for The University of Tennessee.

“They had the property for about ten years,” he said. “They left about two years ago.”

Nick said the building sat idle for about a year, then went on the auction block. He decided to purchase the building again.

“We felt this was such a premiere location it had to be brought back to life,” he said. “Mayor [Eddy] Ford has been extremely helpful in helping us with this project.”

Ryan said the building required major renovations. The central heating and air conditioning systems were replaced as was the carpet in the entire building. Renovation costs, he said, are somewhere in the neighborhood of $800,000.

For more information on the property, call 865-584-3967.


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