JLL Capital Markets has closed on the sale of 840 Logistics Center, a 709,652-square-foot Class-A bulk distribution center in Mt. Juliet, Tennessee.
JLL represented the seller, Westmount Realty Capital, LLC, in the sale to the Welcome Group, LLC, a Houston-based real estate development firm.
The property is currently leased to two 3PL tenants, including Supply Chain Warehouses, LLC and Superior 3rd Party Logistics, Inc. 840 Logistics Center was built in 2008 and features a cross-dock configuration with 32′–36′ clear heights, 134 dock-high doors and 135’–185’ truck courts.
The property is located within the Wilson County submarket at 245 Couchville Industrial Blvd. with immediate access to Interstate 840 and proximity to I-24, I-40 and Highway 109, which connect tenants to the Nashville metro as well as the greater Southeast region.
The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Director Matt Wirth, Director Mitchell Townsend and Analyst Bo Osgood.
Ted Kakambouras, Director of Acquisitions for the Welcome Group, led the acquisition and closing for the Welcome Group. Financing was provided by Simmons Bank’s Houston Market President, Trent Defrates and Market Executive, Brittany Calvert.