RealOp Investments purchases industrial asset in Nashville market

PORTLAND, Tenn. – The 219,870-square foot 109 Kirby building will be getting a major overhaul soon including LED lighting, parking lot repair, roof work, exterior enhancements and updated office suites.

The asset was recently purchased by Greenville, S.C.-based RealOp Investments, which specializes in value-add and opportunistic commercial real estate investments.

Julian Nexsen, RealOp’s vice president of acquisitions, said 109 Kirby’ s location in the I-65 North submarket of Portland was a key factor in the purchase. The recent completion of Tennessee State Route 109 and the new I-65 exit at the Tennessee / Kentucky border connects 109 Kirby to all of Tennessee.

The I-65 North submarket has extremely low vacancy and strong rent growth, he said. This favorable supply demand skew provides an ideal opportunity to reposition a second-generation property.

The building is currently 100 percent occupied by Sun Products. However, RealOp will be completing near-term improvements to attract other prospects looking in the I-65 corridor for a long-term lease.

“Portland has a strong history of leveraging location, resources and assets,” Nexsen said. “The submarket is home to 45 plus national and international manufacturers and distributors such as Gap, Tyson Foods, Sun/Huish Products, Macy's and DuPont. It is an attractive submarket for bulk and manufacturing tenants due to its access to major interstates.”

About RealOP Investments:
RealOp Investments is a commercial real estate investment company founded in 2009 specializing in value-add and opportunistic acquisitions. With deep roots in the Southeast, our investment strategy spans all commercial asset classes and is based on a relationship-driven pursuit of value; not only in identifying off market opportunities, but in creating value through innovative capitalization structures, management expertise and the execution of unique strategies tailored to each asset. Learn more at

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