Brennan Breaks Ground on Two Distribution Buildings in Nashville

-     Population growth driving demand for distribution facilities
-      3% vacancy rate and 13% annual industrial rent growth

NASHVILLE, Tenn., July 14, 2025 /PRNewswire/ -- Brennan Investment Group ("Brennan"), a leading private real estate investment firm specializing in the acquisition, development and operation of industrial facilities across the United States, commenced construction on two Class-A speculative industrial buildings situated on 29 acres in La Vergne, Tennessee. The two-building industrial park, totaling 351,200 square feet, is expected to be completed in the second quarter of 2026.

The development is located in the highly desirable Southeast industrial submarket, which is one of Nashville's largest and most-established industrial submarkets. The property is located just 10 miles from Nashville International Airport and five miles from the Interstate-24 interchange at Waldron Road, providing convenient access to Nashville's three major interstates.

"The property's infill location inside Nashville's Interstate-840 loop will attract both last-mile and regional distribution users," said Andrew Mazey, Brennan's Vice President for the Nashville Region. "Because La Vergne is nearly out of industrial-zoned land, this is one of the last industrial development sites in the area. High barriers for infill industrial development should lead to strong operational performance."

Brennan will build 167,200 and 184,000 square foot, rear-load industrial buildings, each designed to accommodate up to four tenants. Building depths range between 250 and 260 feet to allow for efficient tenant demising. This project features first class amenities, including ample trailer and employee parking, 32-foot clear height, and ESFR sprinkler system. The project also includes substantial offsite road improvements, including widening Minerva Drive and adding a new traffic signal and turn lanes at the intersection of Minerva Drive and Murfreesboro Road.

"The functionality and variety of tenant options for this project provide flexibility in leasing and will appeal to a wide range of occupiers," commented Kevin Brennan, Co-Founder and Chief Investment Officer of Brennan Investment Group. "Nashville is a key regional logistics hub, experiencing rapid population growth, rental rate growth and one of the lowest industrial vacancy rates in the US."

"We are excited to add this development to our Nashville portfolio, which marks Brennan's seventh investment in Nashville since 2021," said Michael Brennan, Chairman and Managing Principal of Brennan Investment Group. "This development fits Brennan's strategy to develop functional, multi-tenant assets in high-growth, land-constrained submarkets throughout the United States. Given Nashville's strong demographics and high barriers to entry, Brennan intends to allocate additional capital to this region in the near future."

About Brennan Investment Group

Brennan Investment Group, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States. Since 2010, Brennan Investment Group has acquired or developed $6.5 billion in industrial real estate in 30 states. The company's current portfolio spans 29 states and encompasses approximately 57 million square feet.

Brennan Investment Group co-invests with private and institutional capital to achieve outstanding risk-adjusted returns. The company has 18 regional offices throughout the United States, and the firm's management team is among the most accomplished in its industry, having invested in over 5,000 properties covering more than 60 cities throughout the United States, Canada, and Europe.

For more information on Brennan Investment Group, go to brennanllc.com.

CONTACT: Ursula Walendzewicz, uwalendzewicz@brennanllc.com, 8476308722

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SOURCE Brennan Investment Group