The modern style furniture company IKEA is a Sweden-based retailer, which is famous for its state-of-the art functional designs for homes. It currently has retail stores in various parts of the world, and products, which are often reasonably priced. Apart from furniture, the store also offers other essential household items.
Nashville might be the home of the next IKEA store, according to Drew Chorney, a retail real estate broker who believes that the capital city has a promising future for the furniture company. Rumors are spreading that IKEA is finally considering opening a store in Tennessee’s capital city. However, according to IKEA spokesman Joseph Roth, there is no confirmation on any project as of yet, although there are evaluations being done.
Why is that so? IKEA likes to open up stores in major cities that have large populations and tons of households which will be able to support its store. IKEA also considers some other factors such as the positioning of the store, if the land they buy has room for expansion, and distribution considerations. In an interview that was conducted with Fred Kane, vice president of land services of Cassidy Turley in Brentwood, he mentioned that IKEA wants to buy a good piece of land at a lower price, which most sellers probably wouldn’t agree to.
In general, the home furnishing retailer acquires a minimum of 15 acres to a maximum of about 30 acres of land that has accessibility to a major highway or interstate, giving vast job opportunities since it usually employs about 300 or so employees for each store.
If IKEA doesn’t change its conditions, Choney said that there won't be any store opening in Nashville; nonetheless, plans can change anytime. Considering Nashville’s has a great number of tourists visiting the area throughout the year, and a large popular, IKEA might reconsider some of its requirements. Still, at this moment there are no definite plans for IKEA to come to the city, only rumors.
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