NASHVILLE—Prologis has acquired a 1.8-milion-square-foot industrial portfolio in Nashville. Financial terms of the deal were not disclosed.
The industrial portfolio offers access to Interstate 24 and connectivity to the Nashville interstate system. It includes industrial assets in both the SouthPark and CentrePointe industrial parks and is more than 90% leased to 12 customers, including Nissan Trading Corporation Americas.
“This acquisition is representative of the high quality assets Prologis aims to add to its portfolio in select regional markets as it focuses on future growth,” says Mike Brandon, vice president of Prologis. “Nashville has a strong economy supported by diverse industries and these facilities expand our portfolio to better serve our local customers as they continue to grow.”
Within the Nashville market, Prologis owns and manages 39 facilities totaling 6.3 million square feet. Overall, Prologis owns or has investments in properties and development projects expected to total approximately 562 million square feet in 21 countries.