Tenn Properties breaks ground on 90-acre Gallatin business park
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By Ian Bradley - Reporter, Nashville Business Journal
Hendersonville-based development firm Tenn Properties last week broke ground on a 90-acre office park in Gallatin.
When completed, the Aero Business Park, near the intersection of Airport and Cairo roads, will have 900,000 square feet of commercial and industrial space.
“[W]e are creating a development that will foster innovation and economic growth for years to come,” Stan Fields, a partner at Tenn Properties, said in a press release. “With its prime location, customizable buildings, and commitment to community, the Aero Business Park will be the ideal place for businesses to grow and thrive.”
The master plan shows the business park will have 15 buildings total, though Rob Horton, a partner at Tenn Properties, said that could change depending on tenant needs.
“The first phase, which is a lot of the smaller buildings – those range from 9,000 to 40,000 square feet – that’s pretty well set in stone. The remaining phases we can flex the plan as needed to meet specific customer needs,” Horton said. “[The property was designed] for light industrial and distribution uses, like an HVAC company for example. The buildings will have a mix of dock-height doors and grade-level drive-in doors. We want them to be flexible to accommodate as many types of users as we can.”
The business park is being built over three adjacent parcels, which Sumner County records show Tenn Properties bought for a combined $4.03 million. The first phase of construction is expected to be complete in 2024. Fields said the project is a “10-year build” that will be constructed over time as driven by demand.
“Our goal is to build and own for the long term … which extends out the development time period a bit more than if we were willing to sell off land to potential buyers that want to build their own building. That might make it go faster but right now our goal is to build this and include it in our rental portfolio for the long term.”
The business park will feature green spaces with walking paths and parking for food trucks.