Dallas, Texas, Based Private Equity Firm Purchases a 5-Building Portfolio in East Nashville
NASHVILLE, Tenn. – Stonelake Capital Holdings, LLC, a Dallas, Texas, based private equity firm, purchased East Nashville’s Space Park Subdivision from a Nashville-based Limited-Liability agency on August 26, 2022, for $57,541,482.70.
Max Smith, SIOR, and Zac Cypress, CCIM, of Colliers Nashville, brokered the transaction representing Stonelake Capital Holdings, LLC.
“Space Park East is one of the most well-known infill industrial parks in the city & offers a great mix of eclectic tenants,” said Smith. “With practically no small to midsize product being developed, we should continue to see rates rise and vacancy remain low. With the proximity and access to downtown, the future of this site is incredibly promising.”
Known as Space Park East, the five-building industrial park is in the East Nashville neighborhood directly off East Trinity Lane via Ellington Parkway and is eight minutes from downtown Nashville. The park is a well-established, multi-tenant warehouse distribution park with well-known tenants; Protective Flooring, Nashville Production Rentals, Meinl USA, SPI, and Made First Experiential Marketing. The park comprises 18.26 acres, with five buildings totaling 413,750 square feet.
Stonelake Capital Holdings, LLC, founded in 2007, is a private equity firm offering real estate investment, asset management, and advisory services throughout the United States. The firm owns over $3.5 billion in commercial real estate throughout the southern region and Arizona and has over sixty investors.