A 35-acre industrial property in Mt. Juliet has sold for $27.9 million, marking one of the larger such deals in Wilson County this year.
Nashville Business Journal reports Denver-based Industrial Property Trust was the buyer and IDI Gazeley of Atlanta was the seller.
The site, which includes a massive distribution center, is located at the northwest corner of the intersection of State Route 840 and Couchville Pike, NBJ reports. This is IPT's first acquisition in Tennessee, according to NBJ.
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The planned sale of Nashville Superspeedway to locally based NeXovation has fallen through, but NeXovation CEO Robb Sexton says he's not giving up. He says a big reason his team hasn't closed on its $46 million deal is that its lender hasn't followed through and, as such, caused lengthy delays. Now that the Dover deal has expired, NeXovation can look for other funders to back its plans.
"We have invested millions of dollars in the Speedway sales process and we are not going to allow the negative actions of others to deter us from our goal," Sexton said in a statement issued late Friday.
SEE ALSO: Dover's new 10-Q, in which execs say they are in talks with other potential buyers
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