Shallow Bay Realty Partners Sells 12 Acre, Permit Ready Industrial Site In Nashville, Tennessee Suburb for $6.1 Million
Shallow Bay Realty Partners, a New York based real estate investment firm focused on acquiring and developing high quality industrial real estate assets, announced today that it has sold an approximately 11.99 acre permit ready site, with approvals to construct a 183,000 SF warehouse, located at 1245, 1327, 1363, and 1401 East Division Street in the Nashville suburb of Mt. Juliet, Tennessee to Greystar for $6.1 million.
Shallow Bay originally acquired the property for $2.8 million in March 2025, just 10 months ago. When purchased, the property was zoned I-1 (Industrial) but had specific-use approvals to construct a natural gas fueling station. SBR purchased the property with intentions to abandon the natural gas approvals and re-entitle the site for a traditional industrial warehouse building, which was a by right use underneath the I-1 zoning. Over the next several months, the company went through the approval process for the warehouse project. In May 2025, Shallow Bay secured initial Wilson County planning approvals for construction of an approximately 183,000 SF warehouse building. Additionally, the firm secured roadway plan approval in December 2025 to widen East Division Street, a condition for development of the property. The fully engineered project plans were later approved in January 2026 by each respective Wilson County department. The project design plans call for the development of a warehouse building featuring 32-foot clear height, 49 dock-high doors, 194-foot building depth and 183 parking stalls.
“This process was a labor of love and commitment, understanding the planning efforts, and taking the necessary steps to obtain approvals from all the different government agencies and departments with jurisdiction over property” said Arya Ghazizadeh, Managing Partner at Shallow Bay Realty Partners. “The scarcity of Class A shallow-bay industrial product remains in high demand in the Nashville MSA as well as other key industrial markets throughout the United States. With the ability to subdivide to support multiple tenants, these buildings support growing local businesses and remain in high demand. Our firm remains focused on finding land that will support delivering more of this product type.”
Located just off the Golden Bear Gateway I-40 interchange, which continues to see tremendous growth and development, this property is strategically located 15 minutes from BNA International Airport and 20 minutes from Downtown Nashville. Nashville remains one of the hottest industrial real estate markets in the United States and is positioned to continue seeing major investment into the future.
About Shallow Bay Realty Partners
Founded by Arya Ghazizadeh in 2024 and headquartered in New York, Shallow Bay Realty Partners is a real estate investment firm focused on acquiring and developing high quality industrial real estate assets in select U.S. markets. The firm leverage’s advanced intelligence site selection software to identify premier development sites for “shallow bay” logistics buildings. With a rich history in industrial land development, SBR remains committed to providing quality new industrial spaces to support growing local logistics businesses across the nation. For more information, visit www.shallowbayrealty.com.
