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News release

NASHVILLE, TN

Panattoni Acquires ±44 acres in Nashville to Develop Skyline Distribution Park

JLL to provide exclusive agency leasing for ±600,000 square foot industrial park


NASHVILLE, November 11, 2015 – Panattoni Development Company, Inc., a leading industrial real estate developer, acquired a ±44-acre tract in Nashville, Tennessee and appointed JLL as exclusive leasing agent of its new speculative development, Skyline Distribution Park. The Class A industrial park will consist of three buildings totaling ±600,000 square feet located immediately north of downtown on Brick Church Pike, and will accommodate users ranging in size from 20,000 square feet to 375,000 square feet. 

The JLL team handling the assignment includes Bo Fulk, vice president, and Jimmy Armistead, associate broker. The team will work closely with Jeff Konieczny, development manager of Panattoni. 

“With greater than 30,000 people moving to Nashville annually, the need for more quality warehouse space close to the city center continues to grow accordingly,” said Bo Fulk, vice president of JLL Nashville. “Simply put, demand is outpacing supply. Skyline Distribution Park will be perfectly positioned to service Nashville and the region as a whole. Visible from I-24 and I-65, tenants of Skyline will have direct access to downtown Nashville, I-24, I-65 and I-40 via Briley Parkway.”

Construction of Skyline Distribution Park will start this month with an expected completion date in the 3rd quarter of 2016. Featuring excellent interstate visibility and skyline views of downtown, the Park will provide great opportunity for tenants seeking corporate image visibility and centralized access to all three interstates serving Middle Tennessee and the region. The industrial park will be the first Class A speculative warehouse product built inside of Davidson County in over six years.

“We believe Nashville is starved for modern “infill” warehouse space located within a three to four-mile radius of downtown,” said Jeff Konieczny, development manager of Panattoni. “Nearly all of the modern functional warehouse buildings are occupied, while the older supply is either functionally obsolete or planned for redevelopment into multi-family, hospitality or office properties to accommodate Nashville’s exploding population base.”

For more news, videos and research resources on JLL, please visit JLL’s U.S. Media Center web page.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About Panattoni
Founded in 1986, Panattoni Development Company, Inc. is one of the largest privately held, full-service development companies in the world. Panattoni operates from 24 offices in the United States, Canada and Europe. Since inception, Panattoni has developed more than 200 million square feet of space including more than 65 million square feet of build-to-suit projects. www.panattoni.com