Stos Partners Buys $52M Spring Hill Industrial Asset as Entry to Southeast Market
Stos Partners has acquired a 276,081 square-foot industrial asset in the Nashville submarket of Spring Hill, TN $52 million. The property at 3555 Cleburne Road marks the CA company’s entrance into the Southeast.
Brett Wallach and William Sisk of Lee & Associates represented Stos Partners in the transaction.
“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,” said CJ Stos, principle of Stos Partners. “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.”
The asset was originally constructed in 2019 and expanded in 2021. 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.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.