{"id":1004310212,"date":"2019-03-22T04:17:02","date_gmt":"2019-03-22T12:17:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004310212"},"modified":"2021-05-10T02:07:45","modified_gmt":"2021-05-10T10:07:45","slug":"tn-industrial-distribution-facility-trades-for-24m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tn-industrial-distribution-facility-trades-for-24m\/","title":{"rendered":"TN Industrial Distribution Facility Trades for $24M"},"content":{"rendered":"
\"\"<\/a>

Couchville Pike Business Center I<\/p><\/div>\n

A partnership between Fortress Investment Group and Sansone Group has acquired Couchville Pike Business Center I, a 709,651-square-foot industrial distribution facility in Mt. Juliet, Tenn., for $23.6 million, according to Wilson County records. The seller was an entity connected to Wells Fargo. The new owners have already signed a 237,000-square-foot, five-year lease with Superior 3rd Party Logistics Inc.<\/p>\n

Located at 245 Couchville Industrial Blvd., the asset has undergone a multi-million capital improvement project completed in 2018. The building features 32-inch clear height, 50-inch by 50-inch column spacing, 134 dock doors and four drive-in doors, as well as built-to-suit office space and insulated rubber roof. Adjacent to Interstate 840, the facility provides easy access to interstates 40 and 24, while being 25 miles from the Nashville International Airport.  <\/p>\n

\u201cWe welcome Superior 3rd Party Logistics Inc. and look forward to bringing all of our future tenants the benefits of a Class A property and services in one of Nashville\u2019s fastest-growing and most desirable submarkets for industrial distribution,\u201d <\/em>said Nick Sansone, principal at Sansone Group, in a prepared statement.  <\/p>\n

The new owners have selected Executive Vice President & Partner Terry Smith and Vice President Max Smith from Colliers International as leasing brokers for the facility. Recently, Colliers International represented the buyer in the sale of a 950,000-square-foot distribution center<\/a> in Grand Rapids, Mich.<\/p>\n

Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Superior 3rd Party Logistics Inc. already inked a 237,000-square-foot lease at the Couchville Pike Business Center I in Mt. Juliet with the new owner, a Fortress Investment Group-lead joint venture. <\/p>\n","protected":false},"author":748,"featured_media":1004310221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,13,36077,21742],"tags":[36351,32763,34375,44792,33277],"class_list":["post-1004310212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-midwest","category-nashville-knoxville","category-latest","tag-capital-improvement","tag-colliers-international","tag-fortress-investment-group","tag-nashville-international-airport","tag-wells-fargo"],"acf":[],"yoast_head":"\nTN Industrial Distribution Facility Trades for $24M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tn-industrial-distribution-facility-trades-for-24m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TN Industrial Distribution Facility Trades for $24M\" \/>\n<meta property=\"og:description\" content=\"Superior 3rd Party Logistics Inc. already inked a 237,000-square-foot lease at the Couchville Pike Business Center I in Mt. 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