HSA Commercial, Great Point Investors to Develop 652 KSF Industrial Asset in Nashville
- May 20, 2016
Nashville, Tenn.—HSA Commercial Real Estate has partnered with Boston-based Great Point Investors LLC to develop a 652,000-square-foot industrial building at Commerce Farms Business Center in suburban Nashville, Tenn. The partnership plans to break ground on the new industrial facility later this month, with delivery to tenants scheduled for the first quarter of 2017.
The new development sits on 41 acres at the junction of State Route 840 and Highway 109 in Lebanon, Tenn., and will feature 32-foot clear heights, 116 truck docks, two drive-in doors and parking for 84 trailers and 257 cars.
“For larger warehousing and logistics businesses requiring at least 200,000 square feet, the available inventory of well-located Class A industrial space in the Nashville market is virtually nonexistent,” Robert Smietana, vice chairman & CEO of HSA Commercial, said in prepared remarks. “That’s why we believe the timing of this development, coupled with the modern building specifications – higher clear heights, ample truck docks and abundant trailer parking – should make the project very attractive for prospective tenants.”
NorthStar Real Estate Advisors was selected to oversee the marketing and leasing of the distribution center, Chicago-based Premier Design + Build will serve as the general contractor for the development and Harris Architects Inc. is the project’s architect.
Commerce Farms Business Center includes four previously developed warehouse buildings totaling more than 2 million square feet of industrial space, which is completely leased. The new distribution center will be located on the last available development site at Commerce Farms.
Rendering courtesy of HSA Commercial Real Estate