Jones Lang LaSalle Inc.
05/04/2026 | Press release | Distributed by Public on 05/04/2026 09:23
JLL arranges $15M acquisition financing for 169,855-square-foot industrial property in Nashville
SAN DIEGO, May 1, 2026 - JLL Capital Markets announced today that it has arranged $15 million in acquisition financing for 640 Massman Drive, a 169,855-square-foot industrial distribution and warehouse facility located in Nashville's Airport submarket.
JLL worked on behalf of the borrower, Stos Partners, to secure a fixed-rate loan through a life insurance company.
The single-tenant property at 640 Massman Drive was originally constructed in 1970 and has undergone significant capital improvements by the current ownership. The facility features modern amenities including 16 dock doors, one oversized drive-in door, 281 parking spaces, 6,000 amps of electrical service, wet sprinkler protection and new LED lighting throughout. The property offers flexible configurations with clear heights ranging from 20 to 38 feet and is currently fully leased through May 2032. Additional value-add features include the ability for outside storage on an adjacent 2.5-acre parcel and office space that can be built to suit tenant specifications.
The property sits strategically positioned 4.3 miles from Nashville International Airport and 5.8 miles from downtown Nashville, offering exceptional access to major transportation corridors serving the greater Nashville metropolitan area.
The JLL Capital Markets team representing the borrower included Senior Managing Director Aldon Cole, Directors Brad Vansant and Anthony Sansone and Analyst Jenna Frakes.
"Stos Partners acquired this property at a significant discount to replacement cost in one of Nashville's most desirable industrial submarkets, positioning the investment for substantial value creation," said Cole. "The flexible loan structure and competitive terms reflect strong lender confidence in both the Airport submarket fundamentals and the property's in-place tenancy."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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 WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About Stos Partners
Stos Partners is a privately held commercial real estate investment and management firm that invests in real estate directly and in partnership with high-net-worth and institutional investors. With a track record spanning over $1.7 billion in transactions to date, the firm targets the most competitive risk-adjusted returns in the marketplace through value-add acquisitions and strategic repositioning of industrial and multifamily assets of both institutional and small-to-mid-cap commercial properties.
Headquartered in San Diego, California with additional offices in Orange County, California, Laredo, Texas, and Nashville, Tennessee, Stos Partners' local expertise and longstanding relationships translate into the ability to source, fund and close transactions quickly and profitably.
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