Massive warehouse sold in western Tennessee

Binswanger negotiated the sale of a one-story, 630,000-square-foot industrial building in Jackson, Tenn.

The value of the transaction was not disclosed.

Tennessee Real Estate Holding Co. sold the 60-acre property to Woodland, Calif.-based Tower Investments, a real estate investment and development company. The property features ceiling heights to 26 feet clear; 25,000 square feet of modern office space; 33 dock-high doors; and two drive-in doors.

Tower plans to retrofit the property and subdivide it for smaller tenants.

Philadelphia-based Binswanger is a full-service real estate organization with offices throughout the United States, Canada, Mexico, South America, Europe, the Middle East, and Asia.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.