Growth in Nashville has resulted in a large number of changes, and one of these is a loss of warehouse and the city’s industrial base. Panattoni Development Co. plans to help remedy the situation by building a new warehouse park. The warehouse park, Skyline Distribution Park, will offer over 600,000 square feet of space in three buildings.
Construction is set to begin in late November and will be built on 44 acres of land that the company bought from the Oman family and includes 33 acres at 2011 Southerland Drive and 11 acres at 2811 Brick Church Pike. Both of these plots of land are visible from I-24, I-65 and residents of the park will have access to both of these interstates and I-40 via Briley Parkway.
According to Jeff Konieczny, a development manager for Panattoni’s southeast region, the project especially promising because growth in the region has resulted in a lack of warehouse space. Vacancies in the area were down to 5.5%, which is the lowest amount of vacancies since 2007. Most modern functional warehouse buildings within a 3-4 mile radius of downtown Nashville are currently being redeveloped into homes and apartments, which means that the timing is right for an accessible, modern warehouse park of this size in the area.
Developments like this are of great interest to people like Scott Lumley, who is a leading real estate professional and a principal member at Resolve Commercial, a leading real estate development company in the Nashville area. Lumley is an exceptional entrepreneur and real estate professional who has brought his years of experience in commercial development to the firm.
Before becoming a partner at Resolve Commercial, Lumley spent time working towards becoming one the largest wholesale liquidators of electronics. He used his skills and expertise to create and launch LargeLots.com, a wholesale business to business website that specialized in electronics. The website allowed businesses, and later consumers to find the best wholesale deals on electronics. Later the business expanded into retail stores, and the online site transitioned into bidflame.com which allowed consumers and businesses to find and bid on speciality and wholesale electronics.The skills he developed as president and founder of this large retail company allowed Lumley to transition to real estate development.