Cushman & Wakefield closes sale of first two phases of Nashville industrial park

September 18, 2020 | RE Journals

Cushman & Wakefield has arranged the sale of Phase I and II of Airport Logistics Park, a new 397,981-square-foot industrial park in Nashville, Tennessee.

Stewart Calhoun, Casey Masters, David McGahren and Ronnie Wenzler of Cushman & Wakefield represented the seller, Holladay Properties, in the transaction. Starwood Real Estate Income Trust was the buyer.

Airport Logistics Park includes six new Class-A+ multi-tenant distribution facilities that are fully leased to 14 tenants. Holladay is continuing work on Phase III of the project, which will include an additional five buildings and total 328,500 square feet. The first building of Phase III will be delivered in the first quarter of 2021.

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