NASHVILLE-Old Navy just signed a $1.1 million, seven-year lease on 12,000 square feet of retail space at Jackson Plaza. The lease includes an extension option for five more years, valued at $930,000. The total package is worth more than $2 million.

Anchored by an 80,000-square-foot Sears store and a 59,000-square-foot Belk department store, Jackson Plaza is the largest shopping center in the growing Cookeville trade area. Other anchors include national, regional and local retailers such as TJ Maxx, Food Lion, Old Navy, Petco and Factory Card Outlet. The center is 97% leased.

“We were able to extend Old Navy’s lease at the current market rate with this tenant improvement allowance,” Jonathan Gould, CEO of Stonemar Properties, owner and manager of the shopping center, tells GlobeSt.com. Stonemar acted as its own broker for the transaction.