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TennesseeIndustrial

Cushman & Wakefield arranges JV equity and construction financing for Nashville industrial development

December 30, 2025
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Photo courtesy of Cushman & Wakefield.

Cushman & Wakefield represented Constellation Real Estate Partners in arranging a JV equity investment from Hartford Investment Management Corporation and $28,341,422 of construction financing from First Horizon Bank for the development of Constellation Goodlettsville 65, a two-building, Class-A industrial project located in Goodlettsville, Tennessee, within the Nashville metropolitan area.

Construction on the development commenced in Q4 2025.
 
A Cushman & Wakefield team comprised of John Alascio, TJ Sullivan, Chris Meloni, Stewart Calhoun, and Casey Masters arranged the JV equity and construction financing for the developer.
 
Located in Robertson County in Nashville’s rapidly growing Northeast/I-65 Corridor submarket, Constellation Goodlettsville 65 will deliver two state-of-the-art logistics facilities totaling approximately 352,620 square feet—comprising buildings of 182,520 and 170,100 square feet, respectively. Both buildings will feature 32- to 36-foot clear heights, 135-foot truck courts, 95 dock doors, multiple ingress/egress points, and parking for 274 cars, with design flexibility to accommodate multiple tenants or single users.
 
The project will capitalize on Nashville’s sustained industrial demand, driven by its strong population growth, favorable business environment, and expanding transportation infrastructure. With tight vacancy in the Northeast/I-65 Corridor submarket and most of the active construction already pre-leased, the project is ideally timed to capture continued rent growth and absorption in one of Nashville’s most supply-constrained industrial nodes.

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