We are fulfilling CRG’s philosophy to create best-in-class distribution facilities! The Cubes at Sparta Pike will provide crucial mixed-use industrial and warehousing real estate to manufacturing and logistics operators in Nashville, TN.
The facility's four buildings will range from 250,000 to 1.4 million square feet at full buildout. Located 30 miles east of downtown Nashville, The Cubes at Sparta Pike is ideal for housing e-commerce, distribution, third-party logistics, and manufacturing users.
The development represents The Cubes brand and its ability to meet the modern needs of Fortune 500 companies, premier users, and institutional investors. The facility will expand CRG’s national industrial platform to the high-growth and high-barrier-to-entry markets.
The Cubes at Sparta Pike is located in the Wilson County submarket, which drove the majority of absorption in 2022 and has accounted for approximately 3.3 million square feet year to date. During the same period, vacancy dropped 30 basis points from the prior quarter, falling to 2.4% and marking the 12th consecutive quarter in which Nashville’s industrial market posted a sub-3.0% vacancy rate. The Wilson County submarket also benefited from 1.3 million square feet of pre-leasing activity in the third quarter.
The Wilson County submarket drove the majority of absorption in 2022 and has accounted for approximately 3.3 million square feet year to date. Vacancies simultaneously dropped 30 basis points, marking the 12th consecutive quarter in which Nashville’s industrial market posted a sub-3.0% vacancy rate. The submarket also benefited from 1.3 million square feet of pre-leasing activity in the third quarter.
The Cubes are designed with sustainability in mind and state-of-the-art building specifications. Clayco, CRG, and Lamar Johnson Collaborative use our integrated approach to create effective strategies that put people first and keep the end user in mind. As operations and markets evolve, the future looks promising for CRG to continue to meet next-generation demand.
