Sagard Real Estate, formerly known as EverWest Real Estate Investors, has acquired a strategic industrial outdoor storage (IOS) facility located Mt. Juliet, Tennessee.
The site is located in Wilson County, an industrial submarket in Nashville, and is located less than one mile from I-840. The property includes 7.6 acres of land and features a 50,252-square-foot truck terminal built in 2012. The property is 100% leased with Roadrunner Transportation Services as the sole tenant.
The financial terms of the acquisition were not disclosed.
“This is the first of several acquisitions that target IOS investments,” said John Maurer, senior managing director and head of equity for Sagard Real Estate. “The plan is to increase the fund’s exposure to alternative property subsectors to 10 percent of the Fund’s value of which IOS investments will represent half of that target.”