Cambridge Square in Ooltewah has added three new office tenants as the commercial and entertainment complex prepares to add the first residential homes and new flexible office space for small businesses.
The new tenants at the 5-year-old commercial complex are Camp Big Fish, a multi-faceted summer camp and after-school organization with operations in Chattanooga and Knoxville; The Southern Agency, a full service, locally owned insurance firm; and Root: A Center for Optimal Living (Root), a start-up chiropractic practice that applies holistic methods for full-body wellness and health.
Camp Big Fish and The Southern Agency moved into their second story offices earlier this month. Root will take possession of its space near the end of the first quarter of 2018.
Jim Cheney, marketing and leasing director at Cambridge Square, said the new tenants are occupying new flex office space the developers are adding to lure small business owners in class A space without long term leases.
Cheney said Cambridge Square now includes 10 buildings, which are about 85 percent leased, including a new 9,000-square-foot Chattanooga Imaging Center - the fifth in the region for the physician group.
Also in the first quarter of 2018, the local accounting firm Linda L. Waters CPA is moving from East Brainerd Road to Cambridge Square.
"We are encouraged by the continued interest we are receiving from professionals who are ready to move out of home offices or just want to start a small practice in a desirable location that offers more than a traditional suburban strip center," Cheney said.
Cambridge Square is now home to 26 office tenants, restaurants and stores.
By this summer, the first of the eight homes now being built in the residential portion of Cambridge Square should be occupied just north of the existing commercial complex.
"We're anticipating starting about 25 to 30 more homes in 2018," Cheney said.
Independent Healthcare Properties also has purchased land to build yet another office building at Cambridge Square for more office space for the headquarters of its growing Morning Pointe and Lantern chain of senior housing, assisted living and Alzheimer's facilities.
Contact Dave Flessner at dflessner@timesfreepress.com or at 423-757-6340.