GBT Closes on Land for 300K-SF Gallatin Retail Center

GBT Realty Corporation (GBT) acquired 42.5 acres in Gallatin, Tennessee, clearing the way for The Crossroads of Gallatin, a nearly 300,000-square-foot retail development. GBT has already tapped two prominent tenants: Sprouts Farmers Market (23,000 square feet) and Academy Sports + Outdoors (55,000 square feet).

The project, to kick off next month, is expected to become the largest new shopping destination developed in the Nashville MSA in 12 years. Located at Green Lea Boulevard and Harris Lane, immediately adjacent to Vietnam Veterans Boulevard/SR-386, The Crossroads of Gallatin will bring a collection of retailers, restaurants, cafés, and health and wellness providers.

The site plan includes approximately 30,000 square feet of divisible shop space, multiple larger retail spaces ranging from approximately 5,000 to 55,000 square feet, and six available outparcels ranging from approximately one to 1.7 acres.

GBT Realty plans to deploy $1.3 billion across build-to-suit development and shopping center acquisitions over the next 18 months. The firm expects to break ground on 33 retail projects in 2026.