HSA Commercial Real Estate has partnered with Boston-based Great Point Investors LLC to develop a 652,000-square-foot speculative industrial building at Commerce Farms Business Center in suburban Nashville, Tennessee.
Located on 41 acres at the junction of State Route 840 and Highway 109 in Lebanon, Tennessee, the distribution center will feature 32-foot clear heights, 116 truck docks, two drive-in doors and parking for 84 trailers and 257 cars.
The partnership is scheduled to break ground on the new industrial facility later this month, with delivery to tenants planned in the first quarter of 2017.
“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 and CEO of HSA Commercial, explained. “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.”
Commerce Farms Business Center includes four previously developed warehouse buildings totaling over 2 million square feet of industrial space, all of which is currently leased. Situated near full interchanges with Interstates 40, 24 and 65, Commerce Farms Business Center offers tenants convenient access to the entire Nashville regional interstate system.
The new 652,000-square-foot distribution center will be located on the last available development site at Commerce Farms.
Ownership has retained NorthStar Real Estate Advisors 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.
