Stos Partners acquired 640 Massman Drive, a 169,855-square-foot Class B industrial warehouse in Nashville’s Airport industrial submarket, for $26 million. The seller, Sagard Real Estate, paid $12 million for the 8.45-acre property in 2020. JLL arranged $15 million in acquisition financing. The infill property is currently 100% leased to a single tenant.

Stos Partners plans to hold the property long term and implement moderate capital improvements designed to enhance functionality and maintain competitiveness in the market.

The building was constructed in two phases and offers optionality for future multi-tenant occupancy. The original structure, completed in 1970. An expansion completed in 2000 includes 30-foot clear heights, one additional grade-level door and five dock-high doors.

Situated on 8.45 acres at the southwest corner of Massman Drive and Acorn Drive, the property offers immediate access to Interstate 40 and Interstate 24, along with close proximity to downtown Nashville and Nashville International Airport.

Deep River Partners paid $26 million for the Main Street Market shopping center in Kernersville. Barclay Group was the developer of the project.

Located at 240 Market View Drive, Main Street Market is 74,558 square feet and is anchored by a Lowes Foods, which has been in the space since the shopping center opened in 2017. The tenant mix includes Jersey Mike’s Subs, Pet Supermarket, Aspen Dental and other local restaurants and retailers. The Lowe’s takes up 43,000 square feet of the space.

Barclay Group has experience developing in more than 15 states. Deep River developed 350,000 square feet over the last five years.

Kernersville is a town in Forsyth County, North Carolina, and the largest suburb of Winston-Salem. A small portion of the town is also in Guilford County. The population was 26,481 as of the last census.