Home Shopping Network bags Tennessee digs

Warehouse to be used for catalog distribution

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

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 the past decade. Philadelphia-based Binswanger/CBB is an international, full-service real estate organization. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroo...