The manufacturing facility is a build-to-suit undertaking inside Panattoni’s 1,400-acre Speedway Industrial Park in Lebanon, Tenn.
Thermo Fisher Scientific Inc. has opened an roughly 400,000-square-foot bioprocessing manufacturing plant within the Nashville space as a part of the long-term growth of its bioprocessing manufacturing infrastructure.
The $105 million, build-to-suit property in Lebanon, Tenn., a improvement undertaking of Panattoni, marks the scientific applied sciences supplier’s largest single-use manufacturing web site in its portfolio, and one of many largest such services on the planet.
Sited roughly 35 miles southeast of Nashville’s central enterprise district, Lebanon is probably not identified for its music, however it’s a draw for industrial customers. Cracker Barrell maintains its North American headquarters within the space and Amazon operates a 1 million-square-foot achievement middle close by. Thermo Fisher’s new plant is sited inside Panattoni’s Speedway Industrial Park, a 1,400-acre logistics and bulk distribution advanced situated on the previous Nashville Superspeedway alongside Interstate 840.
Carrying the tackle of 1200 Darrell Waltrip Drive, Thermo Fisher’s new plant delivered within the third quarter of 2021, and is often known as Speedway Constructing. The power’s opening resulted within the creation of 300 new jobs and upon the plant’s completion, it should accommodate as many as 1,400 staff in numerous positions. Additional improvement on the property will embody the addition of a 92,000-square-foot clear room.
Nashville evolution
Nashville is increasing its horizons past the Music scene and is shifting up on the checklist of the main life science hubs within the U.S., having lately ranked within the prime 25 of CBRE’s Life Sciences Analysis Expertise 2022 report. The metro space is dwelling to notable densities of knowledge scientists, biochemists and biophysicists and can be dwelling to Vanderbilt College Medical Heart, which acquired $462 million in funding from the Nationwide Institutes of Well being in 2021.
“There are a number of rising clusters of analysis expertise rising sooner than common,” in accordance with the CBRE Life Sciences Analysis Expertise 2022 report. “Among the outsized development in these markets is because of their world-class analysis establishments comparable to Vanderbilt College Medical Heart in Nashville, the place Nationwide Institutes of Well being funding grew by greater than 50 % between 2016 and 2021. These smaller life sciences clusters additionally profit from bigger, demographic tailwinds as a number of the quickest rising areas within the U.S. and noticed a lift of in-migration in 2020 because the COVID-19 pandemic arose.” All the aforementioned situations apply to Nashville.
