NASHVILLE, TN- Nissan North America Inc. will relocate its 1,300-person suburban Los Angeles headquarters to an all-new facility in Franklin, TN, a southwest suburb of Nashville. The company’s North America headquarters have been in Gardena, CA, since 1960, but is now seeking to lower its cost of doing business.

A Nissan spokesman tells GlobeSt.com the company expects to spend $70 million on a new facility, but could not say how big the facility would be or exactly where it would be located and declined to obtain the information. He did say that Nissan would own its facility, which will be in the Cool Springs area, and that construction would begin next year and be compete in 2008.

If Nissan needs an average of 200- to 250 sf per person, which is typical, then house 1,300 people it would need between 250,000 and 325,000 sf of space. As for the location of the facility, local real estate brokers say Charlotte, N.C.-based developer Crescent Resources’ Parkway Center is the only one with available land already zoned for an office complex in the Cool Springs area. Parkway Center is located the east side of Interstate 65 at the Cool Springs Boulevard exit.

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