{"id":1004470279,"date":"2020-08-10T03:06:27","date_gmt":"2020-08-10T11:06:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004470279"},"modified":"2020-08-10T04:56:50","modified_gmt":"2020-08-10T12:56:50","slug":"duke-realty-re-fills-metro-nashville-logistics-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/","title":{"rendered":"Duke Realty Backfills Metro Nashville Logistics Building"},"content":{"rendered":"<div id=\"attachment_1004470300\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004470300\" data-attachment-id=\"1004470300\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/park-840-west-14840\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Park 840 West 14840\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Park 840 West 14840. Image courtesy of Duke Realty Corp.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg?w=800\" class=\"wp-image-1004470300 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004470300\" class=\"wp-caption-text\">Park 840 West 14840.<em> Image courtesy of Duke Realty Corp.<\/em><\/p><\/div>\n<p>Duke Realty Corp. <a href=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-signs-185-ksf-lease-for-dallas-industrial-asset\/\">has signed a lease<\/a> with Optoro Inc. to take 207,518 square feet at the developer\u2019s Park 840 West 14840 logistics building in Lebanon, Tenn. The technology company will use the Class A location as its flagship returns processing and R&amp;D facility, bringing the 653,460-square-foot property to full occupancy. &nbsp;<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/build-to-suits-a-safe-bet-for-developers-investors\/\">Build-to-Suits: A Safe Bet for Developers, Investors<\/a><\/p>\n<hr>\n<p>The building is located at 14840 Central Pike, east of downtown Nashville and very close to the interchange of I-840 and Hwy. 109\/265. It was completed in 2006 and features 32-foot clear height. Lonnie Russell with Cushman &amp; Wakefield was the property\u2019s listing agent and Bo Fulk of JLL represented Optoro in the lease transaction.<\/p>\n<p>Optoro\u2019s OptiTurn software helps retailers manage excess and returned inventory. The company\u2019s clients include Ikea, Staples, Target and Best Buy.<\/p>\n<p>Duke has a similar property less than a mile away as the crow flies. Totaling 680,160 square feet, that building was completed by the company in 2013, according to a Duke spokesperson. &nbsp;<\/p>\n<h2>Stable despite the situation<\/h2>\n<p>In a prepared statement, Jeff Palmquist, Duke\u2019s vice president of leasing and development in Nashville, said the lease allowed the company to quickly backfill a recently available space.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/duke-fills-metro-nashville-distribution-center-with-big-lease\/\">Previous <em>Commercial Property Executive<\/em> coverage<\/a> indicates that as of 2014 this space was occupied by Nutro Co., a pet food maker and subsidiary of Mars Inc. The majority tenant was at that time, and appears to still be, B&amp;G Foods, a manufacturer and distributor of food and household products. B&amp;G\u2019s brands include SnackWell\u2019s, Cream of Wheat, Polaner, Green Giant, Ortega, Joan of Arc and Emeril\u2019s.<\/p>\n<p>The metro Nashville warehouse\/distribution market remains strong despite the pandemic, according to a second-quarter report from JLL. Year-to-date net absorption was nearly 2.2 million square feet (on an inventory of 155 million square feet), and direct asking rents continued to climb, reaching $5.07 per square foot as of the second quarter. A little more than 4.2 million square feet of space was under construction, while total vacancy was only 3.2 percent and trending down, JLL reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the signing of a new lease just north of 200,000 square feet, the developer\u2019s facility in Lebanon, Tenn., has reached full occupancy. <\/p>\n","protected":false},"author":882,"featured_media":1004470300,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,21748,36077,21742],"tags":[32799,33010,32796],"class_list":["post-1004470279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-industrial","category-nashville-knoxville","category-latest","tag-cushman-wakefield","tag-duke-realty-corporation","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Duke Realty Backfills Metro Nashville Logistics Building - 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\/duke-realty-re-fills-metro-nashville-logistics-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Duke Realty Backfills Metro Nashville Logistics Building\" \/>\n<meta property=\"og:description\" content=\"With the signing of a new lease just north of 200,000 square feet, the developer\u2019s facility in Lebanon, Tenn., has reached full occupancy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-10T11:06:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-10T12:56:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/\",\"name\":\"Duke Realty Backfills Metro Nashville Logistics Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg\",\"datePublished\":\"2020-08-10T11:06:27+00:00\",\"dateModified\":\"2020-08-10T12:56:50+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/duke-realty-re-fills-metro-nashville-logistics-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Park-840-West-14840.jpg\",\"width\":800,\"height\":620,\"caption\":\"Park 840 West 14840. 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