(To read more on the industrial market, click here.)
NASHVILLE-With the ink drying on a 10-year deal, Stuart C, IrbyCo. has leased 100,000 sf at ProLogis' Interchange CityDistribution Center #19. With the deal, the Mississippi-basedelectrical products distributor will fill 100% of the building.
ProLogis did not provide GlobeSt.com with the rental rate;however, according to a Cushman and Wakefield Q4 report, the rentalrates for the overall industrial market in Nashville come in at$4.58 per sf, an increase of $.63 per sf over the first quarter of2006. Warehouse rates increased $.28 per sf from the third quarterof 2006 to reach $3.66 per sf in the fourth quarter of 2006, thereport adds.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
