{"id":1004786934,"date":"2026-02-10T09:02:32","date_gmt":"2026-02-10T17:02:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004786934"},"modified":"2026-05-13T02:56:24","modified_gmt":"2026-05-13T10:56:24","slug":"greystar-jv-plans-nashville-shallow-bay-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/","title":{"rendered":"Greystar JV Plans Nashville Shallow Bay Project"},"content":{"rendered":"
\n
\"Rendering<\/a>
Greystar and Whitman Peterson are also co-developers on Southmeadow Logistics, a two-building industrial campus in metro Atlanta. Image courtesy of Greystar<\/em><\/figcaption><\/figure><\/div>\n\n\n

A partnership between Greystar and Whitman Peterson has acquired a 12-acre lot for the development of a 183,971-square-foot shallow bay industrial<\/a> facility in Wilson County, Tenn.<\/p>\n\n\n\n

Construction on Mount Juliet Logistics will begin later this month, while completion is slated for the second quarter of 2027.<\/p>\n\n\n\n

CBRE Senior Vice Presidents Will Goodman and Jack Armstrong, together with Senior Associate Davis Goodman, are overseeing leasing efforts.<\/p>\n\n\n\n

Cadence Bank has issued a $19.4 million construction loan for the development.<\/p>\n\n\n\n

\u201cThis opportunity aligns with our infill shallow-bay industrial thesis and was presented to us as near shovel-ready\u2014allowing us to approach the closing table quickly and start construction immediately,\u201d Greystar Development Associate Eric Berger told Commercial Property Executive<\/em>. Berger also said this is the company’s first industrial development in Nashville.<\/p>\n\n\n\n

Plans call for a single building designed for tenants needing spaces from 20,000 square feet to full-building occupancy. The Class A facility will feature 32-foot clear heights, 26 dock-high doors\u2014with the option for 24 additional dock doors\u2014two drive-in doors, a 2,200-square-foot office build-out component, four trailer parking spots and up to 194 car parking spots. It will also include 7,500 square feet of outdoor storage space and a 130-foot truck court.<\/p>\n\n\n\n

The development site is at 1271 E. Division St. in Mount Juliet, Tenn., near Interstate 40, connecting to the Nashville-Knoxville metro area and to Memphis, Tenn. Nashville International Airport is within 12 miles.<\/p>\n\n\n\n

This is not the first time the two companies teamed up. Back in August last year, the co-developers purchased land for Southmeadow Logistics, a 221,490-square-foot project that represented the duo’s entry in the Atlanta metro.<\/p>\n\n\n\n

Nashville industrial development ends 2025 on a high note<\/h2>\n\n\n\n

Nashville’s industrial vacancy rate clocked in at 6.6 percent as of December 2025, well below the national average of 9.2 percent, according to a recent Yardi Matrix national industrial report<\/a>. <\/p>\n\n\n\n

The metro’s under-construction pipeline totaled 4.9 million square feet, accounting for 2.2 percent of existing stock, outperforming Memphis, which had 2.8 million square feet, or 0.9 percent of its existing stock.<\/p>\n\n\n\n

Recent construction activity in the metro included Centrus’ $560 million expansion in Oak Ridge, Tenn.<\/a> The nuclear fuel supplier will produce advanced centrifuges by 2029. That investment is funded through the U.S. Department of Energy’s $2.7 billion commitments toward restoring the country’s uranium enrichment program.<\/p>\n","protected":false},"excerpt":{"rendered":"

Construction will start later this month.<\/p>\n","protected":false},"author":2991,"featured_media":1004787259,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,36077,21742,32781],"tags":[32789,33181,33889],"class_list":["post-1004786934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-nashville-knoxville","category-latest","category-southeast","tag-cbre","tag-greystar","tag-whitman-peterson"],"acf":[],"yoast_head":"\nGreystar JV Plans Nashville Shallow Bay Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Greystar and Whitman Peterson have acquired land for the development of a 183,971-square-foot industrial property in Wilson County, Tenn.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greystar JV Plans Nashville Shallow Bay Project\" \/>\n<meta property=\"og:description\" content=\"Greystar and Whitman Peterson have acquired land for the development of a 183,971-square-foot industrial property in Wilson County, Tenn.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-10T17:02:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-13T10:56:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Southmeadow-Logistics-e1770740337517.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"575\" \/>\n\t<meta property=\"og:image:height\" content=\"431\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/\",\"name\":\"Greystar JV Plans Nashville Shallow Bay Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Southmeadow-Logistics-e1770740337517.jpg\",\"datePublished\":\"2026-02-10T17:02:32+00:00\",\"dateModified\":\"2026-05-13T10:56:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Greystar and Whitman Peterson have acquired land for the development of a 183,971-square-foot industrial property in Wilson County, Tenn.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/greystar-jv-plans-nashville-shallow-bay-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Southmeadow-Logistics-e1770740337517.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/02\/Southmeadow-Logistics-e1770740337517.jpg\",\"width\":575,\"height\":431,\"caption\":\"Greystar and Whitman Peterson are co-developers on Southmeadow Logistics, a two-building industrial campus in metro Atlanta. 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