There has been a shortage of industrial space in the Nashville area that Panattoni Development Co. plans to remedy. And Scott Lumley’s Resolve Commercial LLC was on hand to help make it all happen. There has been a real lack of industrial and commercial business space improvements in the Nashville area since the recession of 2008, precipitated by the financial sector bailouts that year. Panattoni management saw the trend lines for business development leading to a spike in just a couple of years, and so gave the go ahead to begin development.
Panattoni’s development manager for the Southeast region if Jeff Konieczny, who says, “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.” He went on to explain the new industrial area will fulfill the needs of local businesses in a 3 – 4 mile circle around downtown Nashville, Tennessee.
The full 44 acre industrially zoned area on Brick Church Pike was purchased for $1.93 million USD. This will be called Skyline Distribution Park and it will be the first new Class A warehouse built within Davidson County for more than six years. Panattoni will begin construction within the month, dividing the 600K Sq. feet into 3 separate buildings. It is scheduled to be completed in the fall of 2016.
The actual performance of the construction project will be handled by Alston Construction, which is Panattoni’s contractor department. Associate broker Jimmy Armistead is handling the lengthy paperwork required for the project. The building space requirements by business has bumped up in market metrics in the last few months, so the projections for the new commercial center’s occupancy are quite glowing.
Scott Lumley has the expertise to purchase and remodel older business building and then update them to modern code and style. His company, Resolve Commercial LLC, is the original and overall most trusted wholesale B2B Internet-based directory. Resolve can address all kinds of products, such as clothing, fine jewelry, novelties, handbags, toys, electronics, and you name it, they can make it happen. Find more about Scott Lumley on his instagram account.