INDUS Realty Trust is developing INDUS Commerce Center @ 840, a 2.15 million-square-foot master-planned logistics park in the Nashville market. INDUS recently completed the acquisition of the 189-acre development site, which is located immediately off I-840 in Lebanon.Â
ICC@840 is currently designed with four buildings and can accommodate tenants ranging from 250,000 to 1 million square feet. INDUS intends to build out the park on a speculative basis, while also pursuing build-to-suit opportunities. All of ICC@840 is fully pad-ready, with mass grading effectively complete.
INDUS is commencing vertical construction on the first building in the park, a 507,000-square-foot speculative cross-dock.
Will Goodman and Jack Armstrong with CBRE are the listing brokers for the development.
INDUS says it focuses on acquiring and developing mid-sized properties, typically ranging from 100,000 to 600,000 square feet, designed for single or multi-tenant use.
The post INDUS Advancing Plans for 2.15M-SF Nashville Warehouse Venture appeared first on Connect CRE.
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