Lincoln Property Company and Goldman Sachs Alternatives Close on Land for 497,160-SF Nashville Logistics Park

In a joint venture, Lincoln Property Company, a global full-service real estate firm, and Real Estate at Goldman Sachs Alternatives, closed on a 45.6-acre site and broke ground on a Class A industrial development near Nashville, Tenn. Located at 157 Molly Walton Drive in Hendersonville, Tenn., Northside Logistics Park will deliver 497,160 square feet of industrial space when it is complete in Q1 2026.

Northside Logistics Park will include five facilities that range in size and scale:

• Building 1 will include 144,153 square feet and offer 32″ clear height, 155 parking spaces, 48 trailer parking spaces, 42 dock-high doors, and two drive-In doors

• Building 2 will include 119,361 square feet and offer 32” clear height, 115 parking spaces, 28 dock-high doors and two drive-in doors.

• Building 3 will include 95,162 square feet and offer 32” clear height, 86 parking spaces, 20 dock-high doors and two drive-in doors

• Building 4 will include 69,242 square feet and offer 32” clear height, 86 parking spaces, 20 dock-high doors and two drive-in doors

• Building 5 will include 69,242 square feet and offer 32” clear height, 87 parking spaces, 20 dock-high doors and two drive-in doors

“Northside Logistics Park is uniquely positioned to meet the demand of tenants in the Middle Tennessee region looking for a modern, high-quality industrial product,” said Lane Baker, Vice President at Lincoln Property Company. “At Northside, tenants will have convenient access to I-65, connecting them to the greater Nashville market. Each of the five buildings offer flexibility for single or multi-tenant occupancy, with spaces ranging from 20,000 to 144,000 square feet. We believe that this type of flexibility is a sought-after feature for tenants that are looking to expand their footprint in this highly supply-constrained market.”

Chance Monroe, Managing Director within Real Estate at Goldman Sachs Alternatives, added “This development targets demand generated from new economy labor, as well as attractive demographic trends which aligns with our thematic investing approach.”

Kimley Horn & Associates is acting as the project’s engineer and STG Design is the architect of record. Will Goodman and Jack Armstrong of CBRE brokered the land deal for the JV and will handle the landlord leasing for the project.

Situated along Highway 386, Northside Logistic Park is a 20-minute drive from Downtown Nashville and 35 minutes from Nashville International Airport.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 557 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.

About Real Estate at Goldman Sachs Alternatives

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has over $3.1 trillion in assets under supervision globally as of September 30, 2024. Established in 1991, Real Estate at Goldman Sachs Alternatives is one of the leading investors in real estate with over $60 billion in capital invested since 2012 across the spectrum of investment strategies from core to opportunistic and credit. The global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity. Follow us on LinkedIn.