Center Tennessee Industrial Middle. Picture courtesy of Distribution Realty Group
Distribution Realty Group is one step nearer to beginning development on Center Tennessee Industrial Middle, a 700,000-square-foot venture in Murfreesboro, Tenn. The agency has bought the 87.7-acre growth website from Mary Ok. Murfree Household Partnership for $8.5 million, in accordance with Nashville Enterprise Journal. Groundbreaking is about for early 2024.
To return on-line in two phases, the campus was designed to incorporate 4 read-load buildings with 36-foot clear heights, LED lighting and workplace parts. The property will cater to warehouse and logistics tenants.
Center Tennessee Industrial Middle will take form alongside South Rutherford Boulevard close to Interstate 24, some 36 miles southeast of downtown Nashville. A number of main firms, comparable to Lineage Logistics, FedEx, Americold Logistics and Amazon, are additionally within the space.
Present industrial developments in Nashville
Since its founding in 2013, DRG has acquired and developed greater than 10.8 million sq. ft of commercial and distribution amenities in a number of markets throughout the U.S., in states comparable to Tennessee, Indiana, Illinois and Mississippi. The agency at present has one other Nashville-area venture within the works; in partnership with PCCP LLC, the corporate is creating Beechcroft Industrial Park in Spring Hill, Tenn., with completion anticipated this November.
As of Could, Nashville had 3.5 million sq. ft of commercial area beneath development, representing 1.7 % of inventory, in accordance with a CommercialEdge report. One of many ongoing developments, a speculative two-warehouse industrial venture totaling greater than 2 million sq. ft in Lebanon, Tenn., would be the largest of its sort in Nashville’s I-840 hall when full.
