Foundry Commercial, Principal Asset Management® Close on the Sale of Creekside Logistics in Smyrna, Tenn.

Nashville, Tenn. (August 10, 2026) - Foundry Commercial, a fully integrated real estate services and investment firm, is pleased to announce the closing of the sale of Creekside Logistics, a Class-A industrial development in Smyrna, Tennessee, developed and sold in partnership with Principal Asset Management^®. The project includes three state-of-the-art warehouse buildings, totaling 371,000 square feet on 43 acres. The transaction marks the seventh transaction between Foundry Commercial and Principal.

"This transaction is really a reflection of our long-standing relationship with Principal Asset Management," said Foundry Commercial Partner Jason Holwerda. "Seven transactions in, we've built a level of trust and alignment that made it possible to deliver a strong outcome for both sides."

Joe Wanninger, managing director with Principal Asset Management, noted, "We've had tremendous success with Foundry in multiple markets across the country, and Creekside Logistics is no exception. We look forward to expanding our relationship with Foundry and continuing to create value for our investors."

Located in Smyrna, one of Middle Tennessee's fastest-growing industrial and logistics hubs, Creekside Logistics offers direct access to I-24, creating prime regional connectivity and efficiency for tenants. The development features tilt?wall construction, 32?foot clear heights, and modern design specifications that meet the needs of today's industrial tenants.

Creekside Logistics showcases Foundry's hands-on approach to development from start to finish. The Foundry team has been involved in every phase of the project, from groundbreaking through lease-up and, alongside Principal, the recent sale of the asset. The development of the project was led by Partner Jason Holwerda, Senior Development Manager Matt Wright, and Vice President Nick Vinson. On the leasing side, Partner Melissa Alexander, SIOR and Senior Vice President Casey Flannery, CCIM of Foundry's Nashville industrial team brought in a diverse list of tenants, successfully stabilizing the asset to be positioned for a successful sale. Following the transaction, Foundry Commercial has also been retained as property manager for Creekside Logistics, continuing its role in the asset's long-term success.

Foundry Commercial's remains one of the most active developers in the country, with approximately 10.3 million square feet of projects currently underway or in the pipeline and roughly 8.5 million square feet recently delivered.

About Foundry Commercial:

Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by more than 5,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and approximately 5,400 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry's development and investment platform is fully integrated with its services business and has developed or acquired over $7 billion in transaction volume alongside many of the best-known institutional investors in the country. For more information, visit https://www.foundrycommercial.com.

About Principal Asset Management^®??

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.¹ Principal Asset Management is the global investment solutions business for Principal Financial Group^® (Nasdaq: PFG), managing $601.9 billion in assets and recognized as a "Best Places to Work in Money Management"² for 14 consecutive years.

Learn more at https://www.PrincipalAM.com

[1] As of June 30, 2026

[2] Pensions & Investments, "The Best Places to Work in Money Management", among companies with 1,000 or more employees, December 2025.