Commercial Property Executive – Westmount Realty Sells Nashville Industrial Center

Westmount Realty Capital has sold a 709,652-square-foot industrial asset in metro Nashville, Tenn. 840 Logistics Center is a Class A distribution facility that Westmount had acquired in 2020 for $30.9 million, according to CommercialEdge data.

“The successful sale of this asset stems from our continued dedication to acquiring well-located functional industrial property in growth markets at an attractive basis going in,” Brant Brown, president & COO of Westmount, told Commercial Property Executive. “From there, the value was further created by executing a business plan that stabilized the asset with third-party logistics tenants benefiting from the building’s physical specs and immediate access to Interstate 840.”