Self storage developer The Natchez Group has purchased nearly 2 acres of land in Spring Hill, Tenn., on which it plans to build a three-story self storage facility. Acquired for $760,000, the land straddles Maury and Williamson Counties. The project will be the first multi-story self storage building in the city, according to the source. Construction will begin next month, with the site opening early next year.
The property at 4796 Main St./Columbia Pike is across from Heritage Middle School in the town of Thompson's Station. The Spring Hill Planning Commission approved the site plan for the 75,000-square-foot facility about a year ago, the source reported. It will be designed by Lowen + Associates LLC, a Nashville, Tenn.-based architect. Reliant Bank provided the construction financing.
"We love the Spring Hill growth story," said Taylor Preston, principal of Natchez. "We love the huge visibility and traffic this site will generate. This is a long-term location for us, and we're very excited to be getting started."
Natchez has several other projects underway in Tennessee, including a 108,000-square-foot facility at 500 Downs Blvd. in Franklin and an eight-story property at 825 Third Ave. S. near downtown Nashville. Both are being developed in a joint venture with Atlas Real Estate Partners, a New York-based private investment firm.
The Natchez Group focuses on self storage development and investments in Central Tennessee and the Southeast. In the past four years, the company has been involved in more than 500,000 square feet of self storage projects.