KBS Real EstateThe 551,184 sq. ft. flex industrial and office portfolio is located in Nashville/Davidson County. The entire portfolio is 97.5% leased to 36 tenants. Major tenants include CVS/Caremark, Quest Diagnostics, Caterpillar, Nashville Metro Government, Mercantile Properties Inc., Southwestern Telecom and GSA. Trust (KBS REIT) has spent $53.5 million to acquire a six-building Nashville portfolio.
“The Nashville Flex Portfolio is an ideal acquisition for KBS REIT because of the strong tenant diversity in well-located, institutional quality properties,” says Chuck Lindwall, regional president with KBS Capital Advisors. “There is [also] limited flexof this nature in Nashville.”