Brennan Investment Group Buys Nashville Logistics Asset

Chicago-based private real estate investment firm Brennan Investment Group recently announced it had completed the acquisition of two recently completed logistics buildings in Goodlettsville, Tenn.

Located less than one mile from Interstate 65 and 13 miles north of downtown Nashville, Tenn., the infill property offers highly convenient access to the metro area’s three major interstate routes, as well as to an abundant labor pool.

Totaling 225,000 square feet of premium Nashville industrial space, the buildings at 1022-1024 Louisville Highway were reportedly 30% leased to three tenants at the time of sale. Both buildings were completed in 2024, and each of them can accommodate four tenants. With depths ranging between 200 and 220 feet, the properties were designed to allow for efficient tenant partition.

The rear-load industrial buildings are 123,000 and 102,000 square feet and feature modern amenities that include ample dock doors, 30-foot clear heights, and ESFR sprinkler systems.

“Nashville is a key regional logistics hub, experiencing rapid population growth, rental rate growth, and one of the lowest industrial vacancy rates in the U.S.,” said Kevin Brennan, co-founder and chief investment officer of Brennan Investment Group. “Given Nashville’s strong demographics and high barriers to entry, Brennan intends to allocate additional capital to this region in the near future.”

Appetite for industrial assets in the South U.S. region has been robust, according to data analyzed for our most recent national industrial report. Notably, Nashville has been one of several markets to consistently post some of the highest premiums for new contracts in the region and in the country.

Industrial property sales closed here during the first two months of the year totaled $130 million, trailing closely behind Philadelphia and slightly ahead of investment activity in Tampa during that same time.

“Nashville’s high barriers to entry and strong demographic trends have created a shortage of infill shallow-bay industrial supply in North Nashville,” said Andrew Mazey, Brennan’s senior vice president for the Nashville and Atlanta regions. “Our ability to demise each building into smaller suite sizes will attract both last-mile and regional distribution users who have limited options for Class A space in the area.”