Officials of Phoenix Investors are gathering information about the newly purchased Husqvarna property in Nashville as the transition period from one owner to another begins.
Last week, Phoenix announced that it had bought Husqvarna’s industrial properties and a solar farm. The company will prepare the sites for visits from prospective buyers.
The properties are located at 630 Hwy 27 Bypass, 1 Poulan Drive and 139 Old Airport Road, all of which were previously owned by Swedish manufacturing giant Husqvarna.
The strategic acquisition adds more than 815,000 square feet to Phoenix’s portfolio, which now exceeds 78 million square feet nationwide.
Husqvarna, known for its lawnmowers, trimmers, gardening tools and chainsaws, decided in July 2023 to close its Nashville-based plants as part of a strategy to consolidate operations and reduce its carbon footprint.
The company plans to complete the phase-out of these properties by the end of 2024.
Layoffs will begin in September.
Andreas Rangert, president of Husqvarna Forest and Garden, NA, said, “We’re proud to partner with an experienced real estate firm so dedicated to transforming manufacturing facilities. We trust Phoenix Investors will bring significant growth and opportunity to Nashville and its community.”
The acquisition includes three buildings available for lease to new users:
• 630 Hwy 27 Bypass: This 351,763-square-foot warehouse facility, constructed in 2017, features 4,240 square feet of office space, 25 dock doors, clear heights of 37’ 4”, and 488 parking spaces.
• 1 Poulan Drive: Spanning 299,885 square feet on 101.82 acres, this manufacturing facility, built in 1976, includes 16 dock doors, clear heights up to 36’ 8”, a 6,600-square-foot cafeteria, and a kitchen area.
• 139 Old Airport Road: Just five miles north, this 165,046-square-foot property sits on 49.76 acres. Constructed in 1998 and 2000, it includes a 22,998-square-foot shop, 4,320 square feet of office space, 12 dock doors, 12 overhead doors, additional land for expansion,
and an onsite solar farm with a capacity of +/- 0.7 MW.
“The City of Nashville and I are excited to be working with Phoenix Investors on filling the Husqvarna facility. We look forward to all the opportunities ahead. “The city is committed to helping bring new industry and jobs to our area,” Mayor Larry Dunaway said.
“On behalf of Developing Howard County, I am pleased to welcome Phoenix Investors to Nashville,” said Vanessa Weeks, Howard County Economic Development Director. “Their acquisition of the Husqvarna facility means we gained a strong partner as we continue to aggressively market and recruit industries to our community. I look forward to working with them in the weeks ahead.”
Phoenix plans to implement a capital improvement plan to attract high-quality industrial users to the area.
“Plant closures are always challenging for a community,” said Frank P. Crivello, Founder and chairman of Phoenix Investors. “Our mission is to revitalize these facilities and bring new opportunities to the people of Nashville.”
Anyone with leasing inquiries may contact Phoenix Investors Senior VP, Acquisition and Leasing Kurt Jensen at 414-269-5183.
