Sagard Real Estate acquires an IOS property in Nashville
Sagard Real Estate, formerly known as EverWest Real Estate Investors, announced the acquisition of a strategic IOS (industrial outdoor storage) facility located at 135 Maddox Road in Mount Juliet, Tenn.
The site is in Wilson County and is less than one mile from Interstate 840, which provides access throughout the metro with connections to I-40, I-24 and I-65. The asset was acquired by Sagard’s flagship, open-end diversified core fund.
“This is the first of several acquisitions that target IOS investments,” said John Maurer, senior managing director, head of equity at Sagard Real Estate. “The plan is to increase the fund’s exposure to alternative property subsectors to 10 percent of the Fund’s value of which IOS investments will represent half of that target.”
The property includes 7.6 acres of land and features a 50,252-square-foot truck terminal built in 2012. The terminal building has 20- to 22-foot clear heights, and the cross-dock configuratio