(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)

NASHVILLE, TN—P&M Investment Co. has broken ground on a new $3.7 million 20,000-square-foot retail center in the growing Indian Lake area of Hendersonville. Dubbed the Shoppes at Maple Corner, the new class A retail development is set to start opening by the first quarter of 2013.

Located at the intersection of Indian Lake Boulevard and Maple Drive, the Shoppes at Maple Corner site is adjacent to the 60-acre Indian Lake Market. The Indian Lake Corridor is witnessing a surge in commercial activity. Sam's Club and Union University have both opened within the past three months and the traffic counts on Indian Lake Boulevard have gone from 18,000 to 26,000 cars a day, according to P&M’s marketing studies.

“The economy in general, seems to be thawing and retailers are active again,” John Petty, principal broker at Southeast Venture, the firm representing P&M, tells GlobeSt.com. “In addition to the opening of Sam's Club and Union University, the area boasts a Home Depot, Super Walmart and a very upscale lifestyle center. There are several parcels currently under construction and the vacancy in this area is very low.”