Today is Tuesday, August 22, 2017

Couchville property sells for $30 million

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Local economic leaders said the recent multi-million-dollar business park property transfer in Mt. Juliet is a "positive message" for Wilson County.

Joint Economic Community Development Board Director G.C. Hixson confirmed Industrial Property Trust, out of Denver, recently bought an already developed 35-acre site at Couchville Pike Business Center for nearly $30 million.

He said those acres were developed in 2007 and in the "past several year General Electric leased" part of a 550,000-square-foot facility, along with soon lessee Denso.

The property was bought from IDI Gazeley, according to Hixson.

"They also already own about 85 acres across the interstate, and they are doing site prep work on the land there now," Hixson said.

"This is so positive for our county," Hixson said. "It's positive that an outside company knew what a good investment property is in this area."

Basically, a thriving industrial investment has changed hands, he said.

"This shows this is good property," he said.

There's plenty more acreage available for future industrial development in that general area.

Mt. Juliet Mayor Ed Hagerty said he was very happy with the news.

"It sounds like there is a new enterprise there," Hagerty said. "The news for Mt. Juliet and Wilson County is enterprises are investing big bucks right here."

Hixson said the future is bright.

"About 500 acres are left," Hixson said.

Because the speedway was built there, already there is sewer and infrastructure.

Also in the Couchville Pike Business Center are Nissan's 600,000-square-foot distribution center, Aldi's food distribution center, a medical distribution center and a Nissan seat manufacturer.

"It's about 60 percent developed," Hixson said.

"This gives us good confirmation of our economy in our county," Hixson added. "Good clients are coming in, leasing from outside the state. It's a positive message for sure."

Writer Laurie Everett can be contacted at laurieeverett1@gmail.com.

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