Major industrial deal completed in Tennessee

Binswanger recently negotiated the sale of a 334,600-square-foot industrial building on 41 acres in McKenzie, Tenn.

The value of the transaction was approximately $3.1 million.

The property, located at 1165 Rochelle Drive, is a one-story building that features ceiling heights up to 26 feet, 9,600 square feet of office space and 26 dock-high doors.

Hines, an international real estate firm, sold the property to The Hollingsworth Cos., which plans on retrofitting the building.

Philadelphia-based Binswanger is an international, full-service real estate organization with offices worldwide.

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