Highway 109 Industrial

Lebanon, Tennessee

  • Building I: 169,250 SF
  • Building II: 175,000 SF
  • Building III: 165,000 SF
  • Tilt-wall construction
  • Rear-load buildings
  • Speculative
  • Highway visibility from Interstate 840 and Interstate 40
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Al. Neyer Closed on Second Forward Sale to Canadian-Based Granite REIT

Al. Neyer closed on the forward sale of a three-building, rear-load speculative industrial property to Granite REIT, a Toronto-based real estate investment trust. The Lebanon, Tennessee project totals
509,250 SF, featuring Building I 169,250 SF, Building II 175,000 SF, and Building III 165,000 SF.

Al. Neyer handled the development and design-build construction. The project team completed the three-building project in Q2 2023 following the September 2021 start date.

This purchase followed closely behind Parkway Place, Al. Neyer’s first partnership with Granite, an 844,480 SF distribution facility in Murfreesboro, Tennessee.

Granite engages in the acquisition, development, ownership, and management of logistics, warehouse, and industrial properties in North America and Europe.

Lebanon continues to offer great opportunities for growing industrial demand in the Greater Nashville area.