Thank you for sharing!

Your article was successfully shared with the contacts you provided.

JACKSON, TN-The Madison County Industrial Development Board is buying the former Whirlpool Corp. plant here and will lease it to Carlisle Tire & Wheel, a subsidiary of Charlotte, NC-based Carlisle Companies Inc. Carlisle plans to expand the existing 568,600-square-foot manufacturing facility by 156,000 square feet.

A $71-million leaseback was arranged by the Jackson IDB, with Carlisle agreeing to pay principal and interest on the debt through 2028. Jones Lang LaSalle’s Development and Asset Strategy team handled the sale of the industrial property.

Scott Miller, managing director with Chicago-based Jones Lang LaSalle, says Benton Harbor, MI-based Whirlpool will now be able to consolidate its dishwasher production operations into its existing plant in Findlay, OH while monetizing its Jackson plant, which ceased operation in August. Miller worked with another managing director, Scott Cullen, on the Whirlpool deal.

“When we decided to sell, we knew the importance of finding a buyer with the same community interests and ideals,” adds Jeff Noel, Whirlpool corporate vice president of public affairs. “We have found that in Carlisle.”

Whirlpool’s Jackson plant is comprised of four interconnected buildings at Madison Technology Park in Jackson. The class A facility offers rail access and is convenient to Interstate 40, giving it an advantage as a distribution hub.

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?


Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.