12.03-AC Germantown Riverfront Campus For Sale

The move by Nashville-based Centurion Stone, an international leader and one of the oldest companies in the precast stone industry, clears the way for redevelopment possibilities on Germantown’s largest contiguous riverfront development site

 
Nashville’s Centurion Stone, a worldwide leader and one of the oldest manufacturers of precast stone, has listed for sale its 12.03-acre manufacturing headquarters at 1420 Adams Street in Germantown.  The property offering is the next step for the company to relocate and expand operations at their new manufacturing facility, the former home of Tennessee Tufting on Cockrill Bend, which it purchased at the end of last year.

Nashville-based Urban Grout Commercial Real Estate represented Centurion in the purchase of its new home and is listing and marketing the Germantown campus, which is primed for transformative riverfront mixed-use redevelopment.

“Centurion Stone has a nearly 50-year history of being the pioneer and worldwide leader from our headquarters in Nashville,” said Tim Pardue, owner and CEO of Centurion. “We’re proud to continue that tradition and stay in Nashville with a new headquarters and manufacturing home on Cockrill Bend. Our new home has an existing manufacturing facility that doubles our square footage, affording us the space to grow, increase production and employ more Middle Tennesseans.”

With the availability of the Germantown campus, developers finally have the opportunity to execute the large-scale riverfront projects that they’ve been seeking on this side of the river, says Chad Grout, principal broker at Urban Grout Commercial Real Estate.

“Centurion Stone’s Germantown campus is one of the only remaining opportunities to develop the west bank of the river in the heart of downtown Nashville. The emergence of Germantown as one of Nashville’s most desirable urban neighborhoods further brackets the unique nature of this incredible riverfront site,” added Grout.

Centurion’s current location is surrounded by Germantown’s newest projects:  The adjacent Hammer Mill will contain 259 residential units and 15,000 square feet of commercial space including two concepts by renowned Atlanta chef Ford Fry; a food hall by local talent Maneet Chauhan is planned for nearby warehouses on Taylor Street; a pedestrian bridge to the east bank has been proposed which would connect one block south; and the downtown greenway is just steps from Centurion Stone’s front door.

“Nashville is executing a planning strategy to enliven the Cumberland River with greenways, neighborhood connectivity and development that brings people to the waterfront. So, we are excited to see an industrial riverfront site like the Centurion Stone parcel be made available for redevelopment and look forward to working with future developers on their vision for the site,” said Doug Sloan, the executive director of Metro Nashville Planning Department.

Centurion’s move signals the company’s dedication to growth. The company, which currently employs approximately 220 individuals, has immediate plans to hire an additional 50 workers, with more projected to come. Centurion’s new site has an almost 300,000 SF manufacturing facility – which is more than double Centurion’s current space. Centurion is proceeding with plans to update the facility and will install completely new, state-of-the-art equipment.

Pardue expects at least a 30% production increase immediately after moving into the new facility at the beginning of 2018. Its proximity to John C. Tune airport and to I-40, I-65, and I-24 from Briley Parkway provides fast access to distribution and increases employee access throughout the region. Pardue is working with Metro officials to finish a road, Tufting Court, to increase access for future workers and connectivity in the area.

“It’s been a pleasure to work with Tim and Centurion on this move. We’re pleased to have them secure a long-term home in Nashville with a great location that can be easily accessed by workers throughout the region – this will be a boon to the Cockrill Bend area,” added Sloan.

In addition to Sloan, Pardue credits many others with helping the company find the perfect location to remain in Davidson County and expand its operations. This includes Mayor Megan Barry; Audra Ladd of the Mayor’s economic development team; Darrell Moore with Metro Public Works; Reggie Mudd from the State of Tennessee’s Economic and Community Development; Danielle Haygood with the Tennessee Department of Transportation; and Dan Barge with Barge Cauthen & Associates.

Parties interested in the Centurion Stone riverfront site in Germantown should contact Chad Grout at Urban Grout Commercial Real Estate, chad@urbangrout.com or (615) 678-1022.