Fully-Leased Cookeville Warehouse Sells for $140M

Tratt Properties paid $140 million for a 1.6 million square foot industrial distributuion facility located at 4500 Academy Road in Cookeville, Tennessee. Fully leased to Academy Sports + Outdoors, Tratt Properties acquired the Class A, build-to-suit site from Middleton Partners. Ken Hedrick, Andrew Ragsdale, Phillip Butts, Jonathan Ameen, Will Smith and Spencer Smith at Colliers represented both the buyer and seller during the transaction.

  
Constructed in 2015, the property features approximately 1.6 square feet of warehouse space and approximately 18,901 square feet of office space. The facility is the newest of the tenant’s three U.S. distribution centers, supporting fulfillment for 84 stores across 14 states and the company’s e-commerce operations.

Tratt Properties, headquartered in Phoenix, Arizona, is engaged in the acquisition and development of institutional-grade logistics and E-commerce properties in key markets throughout the United States.