NASHVILLE, TN-Chicago-based Wexford Capital Partners is the new owner of this city’s largest industrial structure–the 528,840-sf, 100%-leased Reemay Distribution Center, 530 Myatt Drive, 10 miles north of Downtown.

Wexford paid Atlanta-based Lend Lease Real Estate Investments Inc. $11 million or $20.80 per sf for the property. Reemay, a polyester products manufacturer, occupies the entire structure.

“Nashville is a target market for us, from an equity investment standpoint and also as a permanent lender,” Steve Byers, CEO of Wexford Bancgroup, says in a prepared statement. “We think the city has strong continued growth prospects due to its diverse economic base.” Wexford Capital is an affiliate of Wexford Bancgroup.

Michael Gorney, senior vice president/investment officer, Wexford Capital Partners, originated and negotiated the transaction for his company.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.