BEN FULLER Analyst ben.fuller@jll.com 210.870.7547
DEBT + STRUCTURED FINANCE
BOBBY NORWOOD
Managing Director bobby.norwood@jll.com
404.460.1652
ANTHONY SANSONE Director
anthony.sansone@jll.com
615.928.5248
LEASING CONTACTS
JOHN TUGMAN
Vice President | Rise Partners jtugman@risepartners.net
423.486.4446
WILSON MCGINNESS Vice President | Rise Partners wmcginness@risepartners.net
423.290.0237
MAGGIE DOMINGUEZ
Managing Director maggie.dominguez@jll.com
678.378.4593
DENNIS MITCHELL Senior Managing Director dennis.mitchell@jll.com
404.797.4004
PAIGE MARLOW Vice President paige.marlow@jll.com
404.942.2211
Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than JLL, and neither Owner nor JLL, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. JLL and owner disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement.
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
4 X CUTIV SUMMARY
Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for Yerbey Commerce Center, “the Property” – a 193,883 square foot industrial park located in the heart of Chattanooga’s burgeoning Southside neighborhood comprising 6 buildings with 18’ - 24’ clear heights, 22 drive-in doors & 19 dock-high doors, and truck court depths ranging from 50’ - 135’. The Property is 97% leased to a diverse tenant roster, which comprises 10 tenants demonstrating 2.1 years of WALT and $7.36 blended in-place rents, representing a strong mark-to-market opportunity of 49%.
Conveniently located under 1 mile from I-24, the Property boasts direct access to the region’s major thoroughfares with U.S. 27 and the I-75 interchange just 0.3 miles and 5.8 miles away, respectively, positioning the deeply infill Property well within the quickly growing Chattanooga MSA. Chattanooga, otherwise known as the “Gateway to the Southeast”, is strategically positioned at the junction of three major interstates (I-24, I-75, and I-59) providing superior access to Atlanta, Nashville, Birmingham, Knoxville, and the greater Midwest. To the east, it’s a million consumers can be reached within a 3-hour drive, highlighting the city’s superb connectivity.
The offer provides two key upside opportunities: enclosing and preparing a ~5 KSF concrete covered IOS space, and capturing rollover upside from two gross leases (Yerbey Concrete and Stuart C. Irby Co.) which represent 29% of RSF, with 1.6 years WALT remaining and 76% below market rents. These value-add components enhance returns through immediate capital deployment and near-term lease repositioning. The IOS space offers additional rental income from underutilized square footage, while the lease rollover presents compelling upside as both tenants pay substantially below-market rates across nearly 30% of the building and currently operate under gross lease structures. With short remaining terms, this rollover opportunity will materialize within the hold period, allowing investors to capture the significant spread between current rents and prevailing market rates, while also converting to NNN leases that shift operating expense responsibility to tenants. Addtionally, two land parcels sit directly adjacent to Yerbey Commerce Center. One parcel, totaling 4.53 acres, is currently available for sale. The other parcel has recently sold to a townhome developer, underscoring the rapidly evolving nature of this site and the surrounding area.
Chattanooga’s industrial market fundamentals remain strong, with historically low vacancy rates below 5% since 2017, and limited new supply. Average delivered rents have increased 11.3% since 2010, while upcoming deliveries represent less than 1% of current inventory. The city has experienced robust population growth of 11.3% since 2010, driven by economic development in automotive and tech industries. Chattanooga hosts Volkswagen’s only U.S. manufacturing plant with $3.5 billion in investments and over 5,000 employees. The city provides high-speed internet to all residents, attracting numerous tech companies. Within 5 miles, Chattanooga maintains a skilled industrial labor force supported by the University of Tennessee Chattanooga and Chattanooga State Community College. The city’s strategic connectivity via air, water, and rail has earned it a 5-star logistics hub rating, with strong demographic growth in surrounding MSAs reinforcing continued expansion potential.
193,883
7 TENANTS
2
TRANSACTION GUIDELINES
SUMMARY
On behalf of Ownership, Jones Lang LaSalle America, Inc. (“JLL”) has been retained as the exclusive sales representative for Yerbey Commerce Center. The prospective purchaser will be selected on the basis of, among other things, (i) price, (ii) certainty of closing, (iii) financial strength, (iv) level of discretion to invest funds, and (v) industry reputation.
PROPERTY TOURS
JLL, as exclusive advisor for the seller, will schedule all market and property tours with advance appointments.
FINANCIAL SUMMARY
Yerbey Commerce Center
INVESTMENT HIGHLIGHTS
Attractive Financial Profile
• 97% leased to ten diverse tenants ranging in size from ~5,000 SF to ~36,000 SF
• Average WALT of 2.1 years, providing the investor with a rare opportunity to mark-to-market rents by 49%
• In-place rent of $7.36 with average annual rent escalations of 3.6%
» In-place rent is projected to grow by 53% over a 5-year hold period
• 7 tenants have a NNN lease structure in place with the remaining 2 utilizing a Gross lease structure
» The 2 Gross lease structures expire within 2.7 years and comprise 29% of the Property while demonstrating 76% below market rents
• Includes a ~5,000 SF concrete covered IOS space, a potential source of additional tenant revenue barring enclosement of the space, and any necessary make-ready
» Two additional land parcels directly adjacent to the Property
» One recently sold to townhome developer
» One still available for sale (4.53 acres)
Institutional quality construction
• 18’ – 24’ clear heights
• Masonry Construction
• 45’4 - 180’ building depths
• Single-Ply TPO overlay
• 22 drive-in doors & 19 dock-high doors
• 6” thick slab
• 50’- 135’ truck courts
• 179 auto parking spaces
• 35 trailer parking spaces
Well Located with Strong Surrounding Demographics
• Adjacent to the internationally acclaimed Sculpture Fields at Montague Park
» 33-acre community event space located in the prime Southside Chattanooga neighborhood
• Proximity to major thoroughfares and large infrastructure
» 0.3 miles from U.S. 27
» 0.9 miles from I-24
» 5.8 miles from I-75
» 8.7 miles from Chattanooga Metropolitan Airport (CHA)
» 9.5 miles to Hwy 153
» 15.8 miles from Volkswagen Plant
• Surrounded by rapidly growing MSAs in all directions
» 110 miles from Knoxville
» 116 miles from Atlanta
» 135 miles from Nashville
» 148 miles from Birmingham
• 15.5 million people reachable within a 3-hour drive
• 11.3% population growth since 2010 across the Chattanooga MSA
• 58.6% of the population in the Property’s zip code posses a bachelor’s degree or higher Yerbey Commerce Center 7
INVESTMENT HIGHLIGHTS
Historically Tight Industrial Market with Limited New Supply
• The Chattanooga market includes 6 counties spanning from North Georgia to Southeastern Tennessee and comprises nearly 110 MSF of industrial inventory
» Bradley, Hamilton, & McMinn counties in TN
» Catoosa, Walker, & Whitfield counties in GA
• Vacancy has remained below 5% since 2017 and currently sits at 3.0%
» Submarket 5-year average vacancy rate of 2.7%
• On average, 1 MSF of product has been delivered annually over the past 5 years representing less than 1% of current market inventory
» High barriers to entry including rocky soil and challenging topography limit industrial development in all directions
• Asking rents across the market have exploded over the past 5 years demonstrated by a 7.9% CAGR
» Forecasted rent growth over the next 5 years remains strong at a ~5% CAGR and is supported by growing demand requirements combined with natural supply constraints
Yerbey Commerce Center 8
Chattanooga – The Gateway to the Southeast
• Crossroads of three major thoroughfares, including I-24, I-75, & I-59
• Rated as a 5-star logistics hub by Expansion Management & Transportation magazine
• Home to Volkswagen’s only U.S. Plant – 1,400 acres w/ total investment over $3.5 billion
» Employs 5,000+ people, producing 234,000 vehicles per year
• Air, Water, & Rail
» Chattanooga Metropolitan Airport served by FedEx for air cargo services
» Administered by the Tennessee Valley Authority (TVA), the Tennessee River carries barge lines along 16,000 miles of navigable waterways
» Major freight hub with the presence of Norfolk Southern and CSX Class I freight rail service
» Appalachian Regional Port in Murray County opened in 2018 and has seen explosive growth
> Current throughput of 75,000 containers is ahead of their 2022 projection of 20,000 per year
> Volkswagen is one the ARP’s largest customers
• Chattanooga, known as “Gig City”, was the first U.S. city to provide gigabit-speed internet to residential and commercial sectors
» Turning Chattanooga into a hot spot for tech companies and startups
» Education Enrollment
» University of Tennessee Chattanooga: 10,781
» Chattanooga State Community College: 5,058
» Southern Adventist University: 2,303
• Affordable living – Chattanooga’s cost of living is 9% below the national average
• Named “Best Place to Live in Tennessee” by U.S. News & World Report in 2024
• Major industries include automotive, advanced manufacturing, food and beverage, and healthcare
ACCESS MAP
Land parcel available for sale 4.53 AC
Land parcel sold to townhouse developerr
YERBEY PARK PLAN
1861 POLK STREET
1861 POLK STREET - SITE PLAN
Matador Distributing 12,913 SF 9/30/2029 6 Fold 14,538 SF 5/31/2027 LXD
Courier Express 21,600 SF 5/31/2027 LXD 1861 Polk St 76,473 SF
SCP Distributors 27,422 SF 12/31/2026 LXD
Concrete
1861 POLK STREET - TENANT OVERVIEW
SCP Distributors
27,422 SF
LXD: 12/31/2026
Company Overview
• Leading global wholesale distributor of swimming pool supplies, equipment, and related products
• Primary distribution network under its parent company, Pool Corporation (NASDAQ | POOL), the world’s largest wholesale distributor of swimming pool and related products
• Provides a vast inventory of 180,000+ national brand and private label products
LXD: 05/31/2027
Company Overview
• Supplier of high-quality precision balls and ball bearings, along with fasteners and related hardware including screws, bolts, washers and more
Courier Express
21,600 SF
LXD: 05/31/2027
Matador Distributing
12,913 SF
LXD: 9/30/2029
Company Overview
• Prominent logistics company specializing in delivery and warehousing solutions
• Founded in 1985, the company has grown into one of the largest courier companies in the nation delivering over 22 million parcels in 2024
• The company’s services include, but are not limited to, local and long distance same-day freight delivery, parcel service and final mile delivery, and medical / legal courier services
Company Overview
• Exclusive distributor of Red Bull products in Atlanta, Chattanooga, Asheville, among other cities
• Operates over 70 routes servicing over 8,000 customers with warehouses located across Georgia, North Carolina, and Tennessee
• One of the largest non-alcoholic beverage distributors in the U.S .
1859 POLK STREET
CONSTRUCTION OVERVIEW
• Second largest flooring retailer in the U.S.
• Offers a range of products including, but not limited to, carpet, hardwood, laminate, and tile
• Company operations span 60 locations across 20 states with 1.6 million SF of warehouse space
• Global digital solutions provider for libraries established in 2008
• 2.5+ million users worldwide, through 5,000 library customers across 20+ countries
1859 POLK STREET - SITE PLAN
Library Ideas
31,350 SF 10/31/2028 LXD
Rite Rug
20,000 SF 6/30/2030 LXD
6 Dock-High Doors
2 Drive-In Doors
Clear Height
JAMEL WY
1901 POLK STREET
Zoning M-1
PROPERTY FEATURES
Year Built 1986
Building Depth 96' - 100' Clear Height 18'
Loading Type Front Load
Column Spacing 35’ x 50’
Truck Court Depth 120’
Dock Doors 0
Dock Packages N/A
Drive-in Doors 10
Auto Parking 60
Trailer Parking None Designated
CONSTRUCTION OVERVIEW
Construction Masonry
Roof Type Single-Ply TPO / 2008
Roof Warranty N/A
Fire Protection Wet
Interior Lighting LED/MH
Floors 6’ thick slab
Power 3 phase - 600 amps
YERBEY CONCRETE CONSTRUCTION
SF: 36,000 SF LXD: 2/13/2027
• full-service concrete construction company specializing in a wide range of civil, industrial, commercial, and institutional projects
• Operational footprint extends out to a 50-mile radius of Chattanooga
• Follows a 50-mile radius of Chattanooga TN
• Foundational part of the Chattanooga construction landscape having contributed to the Chattanooga Airport (CHA), Tennessee Aquarium, Chattanooga Riverwalk, among more
1901
POLK STREET - SITE PLAN
1901 POLK STREET - SITE PLAN
1875 POLK STREET
STUART C. IRBY CO. (“IRBY”)
LXD: 11/30/2028
• Operates as a merchant wholesaler of electrical apparatus, equipment, wiring supplies, and related items
- Operate 59 locations spanning 30+ states
• Sonepar Group, ultimate parent company of Irby, is a global leader in the distribution of electrical products, solutions, and related services
1875 POLK STREET - SITE PLAN
Stuart C. Irby Co.
20,000 SF 11/30/2028 LXD
4 Dock-High Doors
Drive-In Door
Spacing
1853 POLK STREET
• Prominent dog training company headquartered in Charlotte, North Carolina • The Company’s franchise network encompasses 65+ locations spanning 20 states
Drive-In Doors
Dog Wizard
1857 POLK STREET
WINGFIELD SCALE CO SF: 5,000 SF LXD: 3/31/2026
CONSTRUCTION OVERVIEW
Construction
• Provides a wide range of stock and customizable truck scales, rail scales, floor scales, among others
• Service national brands such as GE, Bosch, MasterCraft, among others
• Company has extensive 88 year history
1857 POLK STREET - SITE PLAN
Wing eld Scale Co.
Drive-In Doors
Yerbey Commerce
MARK T OV RVI W 29
REGIONAL CONNECTIVITY WITH STRONG GROWTH
KNOXVILLE
CHATTANOOGA
15.5 MILLION CONSUMERS
within 3 hour drive of Chattanooga encompassing the cities shown
CHATTANOOGA MARKET ANALYSIS
The Chattanooga industrial market defined by CoStar includes six total counties and roughly 64 MSF of product, but in JLL’s opinion, the industrial market is quite different, surpassing 120 MSF in total and encompassing the CSA of Dalton, Georgia and Cleveland, Tennessee. As a result, it is a bookend of the I-75 corridor that connects Atlanta to Chattanooga, defining one of the highest truck traffic counts in the country due to its ability to provide rapid access throughout the greater Southeast and Midwest regions. Chattanooga is strategically positioned at the junction of three major interstates: I-24, I-75, & I-59, providing impeccable access to Atlanta, Nashville, Birmingham, Knoxville and the greater Midwest. The city is a vital hub for automotive manufacturing, serving as the home for Volkswagen’s 1,400-acre assembly plant which employs roughly 5,500 employees. More than 1 in 5 jobs are manufacturing related in Chattanooga, highlighting the significance of the industry to the city and the availability of industrial labor to the surrounding area.
• The Appalachian Regional Port (ARP) opened in August 2018 and has seen explosive growth. Current throughput sits at 75,000 containers, which is already ahead of their 2022 projection of 20,000 per year
• ARP sits on 42 acres in Northwest Georgia’s Murray County and provides a powerful new gateway of import goods to the Sunbelt and Midwest, along with export goods to all global markets. This will continue to drive tenant requirements to the Atlanta Northwest Submarket as the port grows
• The port has a capacity of 75,000 containers per year, and a 10-year development plan will increase that capacity to 100,000 containers per year
• ARP provides an efficient alternative to an all-truck dray to/from the Port of Savannah for target markets in Georgia, Alabama, Tennessee, Kentucky and beyond
• The inland port offers exclusive CSX service on a direct, 388-mile rail route to/from the Port of Savannah’s Garden City Terminal
• Each round-trip container moved via the ARP will offset 710 truck miles on Georgia highways
• With easy access to Interstate 75 and U.S. 411, both Birmingham and Nashville are within a 3-hour drive, and Downtown Atlanta can be reached in under 2 hours
• Sitting 45 minutes from Chattanooga, there is a rich pipeline of flooring/carpeting business in the area with Shaw, Mohawk, and Engineered Floors based in Dalton and The Altus Group based in Chatsworth
75,000
CONTAINER CAPACITY PER YEAR
PORT VOLUME
6,000 ft
EXCLUSIVE ACCESS
75% OF WORKING TRACKS
710
TRUCK MILES OFFSET PER CONTAINER
2,365 TEUs
STORAGE CAPACITY
ATLANTA
CHATTANOOGA
APPALACHIAN REGIONAL PORT
GARDEN CITY TERMINAL
THE GATEWAY TO THE SOUTHEAST
Chattanooga’s strategic positioning, known as the “Gateway to The Southeast”, provides vital access to the crossroads of major intersects including I-24, I-75, and I-95. This region markets itself as a premier destination for business growth, offering an exceptional economic environment where both new and established businesses thrive. This supportive environment is coupled by superior logistics connectivity to major markets like Nashville and Atlanta, positioning it as a premier hub for business growth and expansion. Furthermore, while located on the Tennessee River, where barge lines transport goods along 16,000 miles of navigable waterways administered by the Tennessee Valley Authority (TVA), Chattanooga experiences a large volume of commercial activity, serving as a vital hub for regional trade and transportation. Chattanooga continues to prove its economic foundation as it is bursting with natural affluence, a potent tourist appeal, a professionally cultivated workforce, and a centralized location, Based on Chattanooga’s superior service to manufacturing, pioneering fiber optics system, solid infrastructure for ground transport, and support for air, water, and rail transport, this rapidly-growing city has deemed itself a premier logistics hub.
High truck traffic counts for rapid access throughout the Southeast and Midwest.
Manufacturing is a significant industry, with over 1 in 5 jobs related to it.
Rated as a 5-star logistics hub by Expansion Management and Transportation and
VOLKSWAGEN - CHATTANOOGA
• In July of 2008, Volkswagen announced that it has selected Chattanooga for its $1 billion, 1,400-acre plant campus
• An additional $800 million was invested in 2019 to expand the plant's capacity for electric vehicle manufacturing
• Today, Volkswagen plant produces about 51 vehicles an hour, and has expanded production to roughly 234,000 vehicles per year, up from 174,000 in 2023
• From the start, the plant quickly became one of the city's largest employees, totaling roughly 5,000 employees as of the start of 2024
• The company’s growth only continues to grow, with another 500 jobs added this year
• Volkswagen's continued investment in Chattanooga solidifies its commitment to the region and further enhances its status as a hub for automotive manufacturing and innovation
OTHER NOTABLE EMPLOYERS
KENCO - CHATTANOOGA
• Kenco established its Southeast regional headquarters in Chattanooga in 2012, investing $60 million in a state-of-the-art 750,000-square-foot multi-client distribution complex
• The facility specializes in automotive parts logistics and e-commerce fulfillment, serving major clients including Amazon, Volkswagen, and General Motors with advanced robotics and AI-driven inventory management
• Kenco’s Chattanooga operations have achieved 99.8% order accuracy rates while processing over 50,000 orders daily across multiple industry verticals
• The company employs approximately 1,200 workers at peak seasons, making it one of Hamilton County’s largest private employers in the logistics sector
• Recent expansion includes a $12 million investment in cold storage capabilities and pharmaceutical distribution, adding 150,000 square feet for a total footprint of 900,000 square feet
TRANCO - CHATTANOOGA
• Since 2018, Tranco has transformed Chattanooga into its primary transportation hub through strategic acquisitions and organic growth, totaling $85 million in regional investments
• Operating from three strategically located facilities totaling 1.2 million square feet, Tranco provides last-mile delivery services covering a 300-mile radius and manages over 400 power units from its Chattanooga base
• The company has pioneered sustainable logistics solutions in the region, operating the largest electric delivery fleet in Tennessee with 75 zero-emission vehicles
• Tranco’s rapid growth has created 950 direct jobs and supports an additional 300 independent contractor positions throughout the greater Chattanooga area
• Future plans include a $40 million intermodal facility scheduled for 2025, adding 500,000 square feet which will connect rail, trucking, and air cargo services at the Chattanooga Airport
“BUCKLE OF THE BATTERY BELT”
With Chattanooga’s relatively cheap and abundant power, along with its’ high-speed internet and transportation networks and long-standing manufacturing roots, Chattanooga is shaping up to be at the center of one of the nation’s fastest growing industries. While there are multiple places in the Southeast that have multi-billion-dollar investments by automakers to make electric vehicles, Chattanooga's favorable location, infrastructure, cost of living, transportation, labor, and support from the Tennessee Valley are all advantages that push it to becoming the ‘buckle’ of the battery belt. As electric vehicles move to become autonomous vehicles, Chattanooga’s one-of-a-kind high-speed fiber optics networks and Smart City technology will be key in this transformation.
NOVONIX
• Announced a $1 billion expansion on 182 acres in Chattanooga’s Enterprise South Industrial Park, set to create 500 new jobs, significantly boosting the local economy and industrial sector
• Novonix operates a $160 million, 400,000 square foot factory in Chattanooga that manufactures synthetic graphite anode materials for lithium-ion batteries
• Novonix has a partnership with one of the largest battery manufacturers, LG Energy Solutions, to develop artificial graphite materials at the Chattanooga facility
• Novonix provides advanced materials and services for the global lithium-ion battery industry
• Novonix plans to increase production capacity at the Riverside facility to meet industry demand, aiming for 10,000 tons per annum by 2025, and 150,000 tons per annum by 2030.
GIG CITY & INDUSTRY INFORMATION
• Chattanooga, known as the “Gig City,” was the first U.S city to provide gigabit-speed internet to both its residential and commercial sectors.
» Chattanooga is emerging as a quantum technology hub, spearheaded by initiatives like “Gig City Goes Quantum” and the Chattanooga Quantum Collaborative (CQC), leveraging the city’s exceptional fiber optic infrastructure to develop a thriving quantum ecosystem
» The University of Tennessee at Chattanooga (UTC) is leading quantum research and education efforts, offering quantum information science programs and partnering with Oak Ridge National Laboratory, while EPB’s Quantum Network provides public access to quantum-as-a-service connectivity
• The city now offers 25 gigabit-per-second service to all residents and businesses.
» The Fiber Optic network allows upload and download speeds 200 times faster than the current national average
• EPB is the community-owned electric utility company that run’s one of America’s first “smart grid”
» EPB estimates its smart grid has cut power outages by 55% by quick detection and seamless rerouting of power
• Tech-oriented businesses have flocked to Chattanooga because of the favorable business environment, superior connectivity and access to a wide variety of leisure activities
» Text Request and Freight Waves are two start-ups that made Deloitte’s 2023 Top 500 Fastest Growing Tech companies
Notable employers in Chattanooga
• BlueCross BlueShield of Tennessee employes 6,607 full time employees and provides health care financing to the region
• Tennessee Valley Authority employs over 3,900 people throughout Chattanooga by providing electricity to 10 million people within the Tennessee Valley region
• Roper Corporation—a subsidiary of GE Appliances—is planning a $118 million expansion to its Walker County plant.
• McKee Foods is known for their Little Debbie brand of snack cakes and is headquartered just outside of Chattanooga in Collegedale, Tennessee
• Multiple universities, colleges, and technical colleges provide a robust skilled work force
» University of Tennessee Chattanooga: 10,781 students
» Chattanooga State Community College: 5,058 students
» Southern Adventist University: 2,303 students
• Highest concentration of skilled labor within the region
» 19% of population within 20 miles of Downtown possess a Bachelor’s degree
FINANCIAL ASSUMPTIONS
CASH FLOW
• TN Franchise/Excise Taxes are not reflected in the Cashflow. Prospective buyers should rely on their own research for what implications TN Franchise/Excise taxes may have on their investment
EXISTING RENT AND ROLLOVER SCHEDULE
COMMERCE CENTER
Primary contacts
Jim Freeman
Managing Director jim.freeman@jll.com
404.995.2399
Britton Burdette
Debt & structured finance Leasing
Bobby Norwood
Managing Director
bobby.norwood@jll.com
404.460.1652
Anthony Sansone Director anthony.sansone@jll.com
615.928.5248
John Tugman
Vice President | Rise Partners jtugman@risepartners.net
423.486.4446
Wilson McGinness Vice President | Rise Partners wmcginness@risepartners.net
423.290.0237
Jones Lang LaSalle Americas, Inc. or its state-licensed affiliate (“JLL”) has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than JLL, and neither Owner nor JLL, nor their respective equity holders, officers, directors, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser. JLL and owner disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement.
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a
