Lovett Industrial Acquires 10.39 acres of Industrial Land, Marking its Inaugural Industrial Development in Nashville’s Market

HENDERSONVILLE, Tenn.--(BUSINESS WIRE)--Lovett Industrial, a Houston-based real estate investment firm, recently announced the acquisition of 10.39 acres of land for the development of Innovation Way Logistics Center, a Class A industrial logistics site in Hendersonville, TN. This marks Lovett Industrial's first venture into industrial development within the Nashville market.

Innovation Way Logistics Center will feature a 107,500-square-foot rear-load building, measuring 215 feet in depth with a clear height of 32 feet. It includes 29 dock-high doors, two drive-in doors with ramps, a 130-foot truck court, and 120 parking spaces. Groundbreaking is expected to take place in July 2025, and the project is slated for completion in June 2026.

Situated along New Shackle Island Road, the property offers direct access to the major interstates I-65 and 31-E, making it an ideal last-mile location for future tenants serving the northern Nashville market.

“The greater Nashville industrial market remains one of the strongest in the country, bucking the trends of many other markets over the last year,” said Ben Swift, East Region market leader at Lovett Industrial. “With a vacancy rate in the mid-3% range and shrinking amounts of new supply, coupled with the metro’s growth outpacing that of much of the rest of the country and its strategic location to serve the larger Southeast population, we see Nashville as a market where tenant demand will continue to outpace supply. We look forward to delivering much-needed shallow bay product and continuing to grow our presence in this market.”

Marketing and leasing efforts for Innovation Way will be exclusively handled by Griffin Farriss, Bradley Worthington, and Andrew Fletcher of Stream Realty Partners. Powers Brown Architects is the lead architect and Kimley Horn & Associates is the project’s civil engineer.

About Lovett Industrial:

Founded in 2020 and based in Houston, Texas, Lovett Industrial is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in over 15 markets across the United States, Lovett Industrial’s portfolio comprises approximately 19 million square feet of completed, acquired, and under-construction warehouses and over 10 million square feet of warehouses planned for future development. Lovett Industrial’s founders have combined over 60+ years of experience in the commercial and industrial real estate sectors. For more information, visit https://lovettindustrial.com/ and follow @Lovett_industrial on social media.