The need for more industrial space in the Nashville area has become a more acute problem in the last two years. Scott Lumley, founder and CEO of Resolve Financials saw the need and worked to bring the solution that is planned now: a new warehouse complex of 600,000 square feet, spread over three different buildings. The site was secured for $1.93 million dollars and will be called the Skyline Distribution Park. It will be a Class ‘A’ facility, the first to be built in Davidson County in over six years.
Panattoni Construction will oversee the construction of the site, which will actually be done by Panattoni’s Contract Construction arm, Alston Construction. They will begin breaking ground immediately and hope to be complete by their scheduled completion date of sometime in the fall of 2016.
An associate broker did the leg work to complete all the paperwork needed to get all the zoning variances and other permit approvals so the project could begin. Projections for future occupancy rates are very good. The site is one contiguous tract originally owned by the renowned Oman family. It has 33 acres located at 2011 Southerland Drive and the remaining 11 acres at 2811 Brick Church Pike, which is just down the street from the famous Trinity Lane.
The needs of businesses in the circle of downtown Nashville, out to about four miles will be the focus. “Given all of the redevelopment that’s going on, the city is losing some of its industrial base… The real benefit of this property is going to be its visibility and access to the highways,” commented Panattoni’s regional development manager for the Southeast, Jeff Konieczny.
There will be some visibility for those driving along highways 24 and 26. Occupants can lease variable amounts of space, from 20,000 square feet all the way up to 375,000 square feet in size.