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Parkside Plaza I prepares to see tenants

The tallest building in the town of Farragut is nearing

completion. Parkside Plaza I, a project of Partners Development, is expected to have its first tenants move in at the beginning of May.

“It’s the largest office building in the area,” Ronald Watkins, president of Partners Development, said. “We expect SunCoke Energy to move in the first of May.”

SunCoke Energy Inc., currently operates metallurgical coke plants in Vansant, Va., East Chicago, Ind., and Haverhill, Ohio. These facilities produce more than 2.5 million tons of coke each year. SunCoke is a wholly owned business unit of Sunoco, Inc., a Fortune 100 firm.

“SunCoke Energy is on the fourth and fifth floor of Parkside Plaza one,” Watkins said.

While the building doesn’t have the monolithic proportions of the Empire State Building, the towering structure is about 103,000 square feet. SunCoke, he said, would take up at least 25 percent of that space.

“Regions Bank and Morgan Keegan and Company have the first and second floor of the building,” Watkins said.

Regions Financial Corpor-ation is a member of the S&P 100 Index and, with more than $140 billion in assets, one of the nation’s largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services.  Regions serves customers in 16 states across the south, midwest and Texas, and through its subsidiary, Regions Bank, operates some 2,000 AmSouth Bank and Regions Bank offices and a 2,600-ATM network.  Its investment and securities brokerage, trust and asset management division, Morgan Keegan & Company Inc., provides services from over 300 offices.

Only the third floor, about 35,000 square feet, remains free of potential renters, but Watkins said he wasn’t concerned.

“We’re providing quality office space and there is a need for it,” he said. “We think this is probably the most attractive market in Knoxville. Demographically, it’s the epicenter of people, activity and growth. We expected to rent out the space rather quickly.”

Another draw for clients, he said, was the quality of the building. Not only does it have an attractive façade, but it is also wired with the latest state-of-the-art technology.

“T-D-S has run a fiber-optic hub up to the building,” Watkins said. “High-speed Internet is an option for those who may choose it.”

The building features a high-tech security system that would allow employers to monitor those who come and go in the building after hours.

A large, ornate fountain will serve as the linchpin between Parkside Plaza I and Parkside Plaza II, which was completed around May, 2006. Parkside Plaza II tenants include GIA Endoscopy, University Orthopaedic Surgeons, SEO Rehab, Gastrointestinal Associates, P.C., Hematology-Oncology Associates, Laboratory Corporation of America, University Radiology at Turkey Creek, Vein Clinics of America, National Neuro L.L.C. and Faculty Internal Medicine.

Watkins said the location of the land was the prime reason for erecting an office building.

“I think location was the number one driving factor,” he said. “Number two is there isn’t a professional office park in the town of Farragut. We’re providing office space to some of the leading groups in the area.”

Partners Development, he said, has created quite a few developments in Knox County and throughout the area. The most recent one was built in Oak Ridge.

For more information on Parkside Plaza I and its rental information, call 865-524-7777.


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