HSA Commercial Real Estate announced today that the firm has executed a 372,181-square-foot lease with GEODIS Logistics LLC at the newly-built Commerce Farms V industrial building in Lebanon, Tenn. in suburban Nashville. GEODIS, a global leader in supply chain operations, will utilize the facility as a regional distribution center.
As one of the top logistics providers, GEODIS has a direct presence in 67 countries, a global network spanning 120 countries, and over 39,000 employees worldwide. They are scheduled to take occupancy at Commerce Farms V in August after an interior build-out is completed.
“To have a global leader like GEODIS select Commerce Farms really confirms our beliefs about the strength of the location and the quality of the project design,” said Robert Smietana, vice chairman and CEO of HSA Commercial Real Estate.
Located on 41 acres at the junction of State Route 840 and Highway 109, the 652,000-square-foot Commerce Farms V industrial building was developed on a speculative basis by HSA Commercial Real Estate in partnership with Washington Capital Management, Inc, on behalf of its client, on the last available development site at the Commerce Farms Business Center. With the execution of the GEODIS lease, there is approximately 280,000 square feet available for lease at Commerce Farms V with 32-foot clear heights, 26 truck docks, and two drive-in doors. Situated near full interchanges with Interstate 40, Interstate 24, and Interstate 65, Commerce Farms Business Center offers tenants convenient accessibility to the entire Nashville regional interstate system.
“Given the level of growth and leasing activity in the Nashville industrial market, we anticipated that Commerce Farms would garner considerable interest from prospective tenants, but the lease with GEODIS places us well ahead of schedule in terms of our leasing process,” Smietana added. “Our expectation is that we will be fully-leased by the end of the year, and based on the success that we have enjoyed thus far, the principals and partners of HSA Commercial Real Estate are eager to continue developing and investing in Nashville.”
Randy Wolcott, Chad Tuck, and Joe DeLemos of NorthStar Real Estate Advisors represented ownership in the lease transaction.
About Washington Capital Management, Inc.
Washington Capital Management, Inc. (WCM) is an employee owned investment advisory firm founded in 1977. WCM headquarters are located in Seattle, Washington, with branch offices in Portland, Boston, Spokane, Anchorage, Southern California and Northern California. WCM manages assets in real estate equity, real estate debt, fixed income and equity strategies; primarily for institutional clients. WCM provides a diverse menu of investment products, including equity real estate investments, commercial mortgages, and construction loans. Visit www.wcmadvisors.com.
GEODIS – www.geodis.us
GEODIS is a top-rated, global supply chain operator recognized for their passion and commitment to helping clients overcome their logistical constraints. Their growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with their historical success have led to wide-spread recognition including being ranked #7 worldwide, #4 in Europe, and as a Leader in Gartner’s 2016 Magic Quadrant of Worldwide 3PLs.
Currently GEODIS has over 39,500 employees, a direct presence in 67 countries, and a global network spanning 120 countries. GEODIS’ parent company, SNCF Logistics, is a division of the SNCF group (the French National Railway Corporation). In 2016, GEODIS reached 8 billion in sales and is predicting increased growth for 2017.