New Partnership with CA South Development to Bring Small Bay and Light-Industrial Developments to the Nashville Market.
Nashville, Tennessee (July 6, 2020) – CA South Development and Griffin Partners Inc. announce today that they have forged a partnership called CA South Industrial to develop several industrial and flex properties in the Nashville MSA.
With over 70 acres of land currently owned or under contract in Lebanon, Hendersonville, and Madison, the new endeavor will bring undersupplied smaller format industrial products to these urban markets. CA South Industrial focuses on delivering 5,000 to 50,000 square foot industrial space to smaller flex and light industrial users who have been displaced by infill redevelopment, users who have outgrown their existing spaces, and new companies entering the Nashville market pursuing local growth.
“Griffin Partners is very excited about our strategic partnership with CA South Development. We have had our eye on the Nashville market for a long time; forging this new relationship with CA South Development provides us with a platform, regional expertise, and established local relationships.”— Edward Griffin, CEO of Griffin Partners.
A progressive expanding center with diverse economic opportunities, a strong ratio of job growth to labor markets, and stable occupancy rates, Nashville is a top target for industrial investment and development.
“CA South Development is pleased to have an established partner in Griffin, who brings tremendous industrial experience and a strong track record, for launching a sophisticated industrial strategy to fill a needed gap in the market. The proposed projects are creating lots of buzz in the brokerage community” – Meg Epstein, CEO of CA South Development.
“This is really a perfect synergy of capabilities, experience and skill sets” says Ben Mosley of Cushman & Wakefield “CA South Development already has a reputation in Nashville for being fast, reliable, and sophisticated. The modern design and architecture which their projects feature really appeal to consumers moving here from more urban markets and the coasts. This venture with Griffin Partners is wise as Griffin is well established in this asset class, which will help accelerate this new industrial platform.”