Colliers Closes Sale of 1.6-Million-Square-Foot Distribution Facility in Cookeville

Fully-Leased Cookeville Warehouse Sells for $140M

Tratt Properties paid $140 million for a 1.6 million square foot industrial distributuion facility located at 4500 Academy Road in Cookeville, Tennessee. Fully leased to Academy Sports + Outdoors, Tratt Properties acquired the Class A, build-to-suit site from Middleton Partners. Ken Hedrick, Andrew Ragsdale, Phillip Butts, Jonathan Ameen, Will Smith and Spencer Smith at Colliers represented both the buyer and seller during the transaction.   Con…

Colliers closes sale of 1.6-million-square-foot distribution facility in Cookeville

Colliers negotiated the sale of a 1.6-million-square-foot industrial distribution facility at 4500 Academy Road in Cookeville, Tennessee, for a total transaction value of $140 million. Fully leased to a nondisclosed national sports and outdoors retailer, Tratt Properties acquired the Class A, build-to-suit site from Middleton Partners. Ken Hedrick, Andrew Ragsdale, Phillip Butts, Jonathan Ameen, Will Smith and Spencer Smith at Colliers represente

Colliers Brokers $140M Sale of Industrial Facility in Cookeville, Tennessee

COOKEVILLE, TENN. — Colliers has brokered the $140 million sale of a 1.6 million-square-foot industrial facility located at 4500 Academy Road in Cookeville, about 75 miles east of Nashville via I-40. The name of the tenant was not disclosed, but the property was developed in 2015 as a build-to-suit for Academy Sports + Outdoors, which services 84 stores across 14 states from the fulfillment center. Tratt Properties acquired the property from Mid…