Sunday, August 7, 2022

Stos Partners marks entrance to Southeast region with acquisition of industrial property totaling 276,081 SF in Nashville, TN

276,081-SF industrial building
 at 3555 Cleburne Road,
Spring Hill, TN

 NASHVILLE, TN Stos Partners, one of the most active commercial real estate investment and management firms in Southern California, has acquired a 276,081 square-foot industrial asset in the Nashville submarket of Spring Hill, Tennessee for $52 million. 

 CJ Stos

The property, at 3555 Cleburne Road, marks the company’s entrance into the Southeast U.S. region, according to CJ Stos, Principal of Stos Partners.

“Our firm’s deep industrial sector expertise was key to identifying Nashville as an area offering powerful growth potential,” says Tanner Jansen, Vice President of Acquisitions at Stos Partners.

 “One of our newest strategic initiatives is to expand our presence outside of the Western United States. With ongoing demand for well-located manufacturing and distribution buildings and a forecasted population growth of more than 500,000 people within the next two decades, Nashville is an extremely attractive market for our firm to target.”

Tanner Jansen


In recent years, Nashville has become a magnet for industrial users as its location meets companies’ needs for high distribution and available labor. Industrial demand continues to outweigh available supply in this market as developers struggle to complete projects delayed by supply chain issues and rising material costs, notes Jay Boyle, Executive Vice President at Stos Partners.

“The call for new, well-located spaces has created strong competition among buyers in Nashville, particularly for buildings offering 200,000 square feet or more in usage area,” says CJ Stos.

 “This demand has driven Nashville’s already low vacancy rate into an all-time low of 3.2%, making now the perfect time to add this asset to our industrial portfolio.”

Jay Boyle
National industrial vacancy rates continue to experience all-time lows, with the most recent update reporting a tighten rate of 3.7% nationwide—a historical low from Q1.

Originally constructed in 2019 and recently expanded in 2021, Stos Partners’ recently acquired Spring Hill asset is occupied by a long-term tenant, a manufacturer of automobile door panels. 

The state-of-the-art manufacturing building features a spacious parking lot, multiple sit entrances, excess yard/truck parking, 14 dock-high and drive-in doors, and 45’ high ceilings for storage and distribution, and provides nearby access to highways 247 and 31.

Jason Richards

“Our company views this acquisition as an opportunity to invest in new or brand-new industrial assets that are conveniently located close to transportation routes,” says Jason Richards, Partner at Stos Partners.

In addition to this latest acquisition, Stos Partners recently hired Morgan Hill as Vice President of Acquisitions. Hill will be spearheading the firm’s acquisitions in Arizona, Colorado, and other West Coast markets.

Morgan Hill 
Brett Wallach and William Sisk, SIOR, of Lee & Associates represented Stos Partners as the buyer in the transaction.

CONTACTS:

Arleeny Escarcega / Katie Haga

The Smart Agency, Inc.

(949) 438-6262

aescarcega@thesmartagency.com

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