LEBANON, TENN. — Indus Realty Trust, an industrial owner-operator based in New York, is underway on construction of INDUS Commerce Center @ 840, a 2.1 million-square-foot industrial park that will be located on the eastern outskirts of Nashville in Lebanon.
The site spans 189 acres near the I-840 and Couchville Pike interchange. The development will consist of four buildings that can accommodate tenants with requirements from 250,000 to 1 million square feet.
Vertical construction of the first, 507,000-square-foot building is now underway. This structure will be known as Building 2 and will feature a clear height of 40 feet, 120 dock-high doors, four drive-in doors, parking for 216 cars and 175 trailers, ESFR sprinklers and high-efficiency LED lighting. Completion is slated for the first quarter of 2027.
Building 1 within INDUS Commerce Center @ 840 spans 537,000 square feet and is pad-ready. That structure also features a clear height of 40 feet, as well as 110 dock-high doors, four drive-in doors and parking for 196 cars and 120 trailers. Buildings 3 and 4 are also pad-ready and will total 496,674 and 610,480 square feet, respectively.
In addition, according to the property’s marketing brochure, Buildings 3 and 4 can be combined into a single cross-dock facility totaling more than 1 million square feet. INDUS plans to build out the park on a speculative basis but will also pursue build-to-suit opportunities. CBRE has been tapped as the leasing agent.
“Nashville is one of the top-performing industrial markets with low vacancy, strong absorption and rent growth and impediments to future new construction,” says Michael Gamzon, president and CEO of INDUS. “The market is an ideal hub for critical manufacturing and logistics operations due to its pro-business climate, significant presence from multinational corporations and fast-growing population.”
Headquartered in New York City and owned by affiliates of global investment firm Centerbridge Partners LP, INDUS controls or has majority ownership in a portfolio of commercial properties aggregating 14.9 million square feet as of May 2026. According to CBRE, the Nashville market had an industrial vacancy rate of 4.4 percent at the end of the first quarter, with average asking rents up 2 percent on a quarter-over-quarter basis.
— Taylor Williams