Scott Lumley and other Developers are Changing the Real Estate Sector in Nashville
Scott Lumley and other Developers are Changing the Real Estate Sector in
There is a new plan for a new warehouse park in Nashville. This comes after Penattoni
Development Co. paid $1.93 million for a piece of land totaling to 44 acres in Brick
Church Pike. The new warehouse will be 600,000 square foot and construction for the
project dubbed Skyline Distribution Park is expected to begin this month. It will consist
of three buildings with completion expected in 2016.
According to Jeff Konieczny, a development manager for the company’s Southeast
region, the industrial park will address a deficit of modern warehouse space. He also
pointed out that the city is losing a number of its industrial base due to the redevelopment
agendas. The benefits of the new facility will be enhanced visibility and access to the
Alston Construction, an integrated contractor arm of Panattoni, will construct the three
warehouses. The warehouses at Skyline Distribution Park will consist of 100,000,
125,000, and 375,000 square feet. The leasing
agent is JLL with Bo Fulk, a vice president for the commercial real estate company,
alongside Jimmy Armstead. According to Fulk, Skyline Distribution Park is excellently
positioned to serve Nashville, Tennessee and the entire region.
Penattoni Development Co. is one of the most active players within Nashville,
Tennesseewith regional offices located in the city. Recently, the property developer
completed a 1.1 million square foot of an Under Armour warehouse construction in Mt.
Juliet. The company is also finishing the development of 98,000 square foot five-story
building on Nashville Music Row. SESAC, the S. Performing rights organization, will be
the anchor tenant.
Among the real estate development firms changing the shape of Nashville, Scott
Lumley’s Resolve Financials ranks high. Scott Lumley easily qualifies as a serial
entrepreneur because of the many successful ventures he runs. Aside from Resolve
financials, Lumley has been the president of e-depotonline.com, a wholesale and retail
electronic selling site. Additionally, he has been the president of bidFlame.com, an
extensive auction site as well as Large Lots, a string retail stores that sell overstock goods
Lumley is an entrepreneur with investments in different lines of business. According to
him, there is no successful thing that lasts forever because of the changing consumers and
marketplace. Therefore, any entrepreneur has to adapt to the market changes. His success
in business begun in 2005 when he invested in a return load that was from a local
liquidator at $250. He sold it on eBay and as they say, the rest is history.