Binswanger/CBB arranged the sale of a 978,000-square-foot building on 100 acres located in Piney Flats, Tenn. The value of the transaction was not disclosed. St. Petersburg, Fla.-based HSN, the self-proclaimed pioneer of electronic shopping, purchased the one-story property for use as a catalog distribution center. Founded in 1977, HSN allows customers to shop for an array of products, day or night, from the comfort of their own homes. HSN offers a selection from more than 22,000 products on its 24-hour-a-day televised broadcast and on HSN.com. The seller, FAC Acquisitions LLC, plans to consolidate its own catalog distribution in other areas. A Binswanger spokesman indicated that the sale of the Piney Flats property was the largest industrial real estate transaction in Tennessee in th...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.