CRG has broken ground on the first building at The Cubes at Sparta Pike, a 198-acre industrial park in Lebanon, Tenn.
Designated as Building B, the 520,000-square-foot speculative Class A facility will be the first of four buildings in the master-planned industrial park near Nashville. Building B will feature 40-foot clear heights, extra-wide staging bays with grade-level doors, deep truck courts, substantial trailer storage, car parking, ESFR sprinklers and high-efficiency LED lighting.
Delivery is anticipated in early 2026.
The overall park is designed to accommodate users from 250,000 to 1.4 million square feet, up to a total of as much as 2.8 million square feet. It’s less than a mile south of a full-service interchange on I-40 and about 24 miles from Nashville International Airport, with frontage along the Nashville & Eastern Line Railroad.
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Jim Rodrigues, president, and John Zeffery, partner, of Lee & Associates Nashville, have been tapped to market and lease the project.
CRG’s parent company, Clayco, will be the project’s design-builder, and integrated partner Lamar Johnson Collaborative will be the architect.
The Cubes is a North American industrial brand owned and developed by CRG. These properties are designed with an emphasis on sustainability and state-of-the-art specifications, the company says, including maximum clear heights, dock doors and trailer storage. Nationally, CRG has planned, broken ground on or completed more than 53 million square feet of The Cubes projects.
Shortage of big spaces
CRG’s Kevin Scott, senior vice president and partner, Ohio Valley Region, described Nashville’s Class A industrial space market as “severely limited,” an observation that’s supported by first-quarter figures from Lee & Associates. Nashville’s industrial vacancy rate rose slightly to 4.74 percent in the first quarter, according to Lee & Associates, on just 220,450 square feet of net absorption in the quarter.
Tenant demand in 2025 remains robust, the brokerage reports, at about 11.5 million square feet in active requirements, versus about 4.6 million square feet under construction, against an inventory of nearly 274 million square feet.
Lee & Associates noted that the supply of large industrial spaces “is still extremely limited, with few new-construction starts of over 400,000 square feet across the Nashville area, while large-block tenant demand remains strong.”
In a joint venture with PCCP, CRG is developing The Cubes at Alpha, a 575,900-square-foot industrial park in Alpha, N.J., about 25 miles east of Allentown, Pa., along I-78. Completion is scheduled for the third quarter of this year.
What is arguably CRG’s sexiest current development project is taking shape on the Lake Michigan lakefront in Chicago’s South Side, where CRG and Related Midwest are building the 128-acre Illinois Quantum & Microelectronics Park on the site of a former steel mill.
