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Nashville's Space Park East Sells for $57.54 Million

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.

 

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Max Smith

Senior Vice President | Nashville

Nashville

Max, a Senior Vice President of the Colliers International | Nashville Office, focuses on investment sales of industrial properties ranging from $5 million to $100 million. Max is a native Nashvillian who joined Colliers in 2006 and has since sold and leased over 250 million square feet of industrial product totaling over $1 billion in transactional volume. Max is an annual top producer at the Colliers | Nashville office and has over 15-years experience in commercial real estate.

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Zac Cypress

Senior Vice President

Nashville

Zac specializes in both the acquisition and disposition of commercial investment and development properties.  With an in-depth understanding of each project, Zac focuses on value creation through identifying strengths, weaknesses, risks, and upside potential.

 

Zac has been an affiliate broker with Colliers International since 2006 when he graduated from the George Washington University in the spring with a Bachelor of Business Administration and a concentration in International Business. 

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