$9.8M Industrial Property Transaction
NAI Koella | R M Moore recently closed on the sale of the +100,000 square foot fully occupied industrial facility located within the JD Yarnell Industrial Parkway in Clinton, TN. The total purchase price was $9,800,000.
Roger Moore, President and Heidi Adams, Senior Investment Advisor, with NAI Koella | RM Moore represented the seller, GWDU Leasing in the transaction.
The sale of this property solidifies the fact that Knoxville industrial assets are garnering the attention of a new pool of buyers. The team marketed the asset on a national level and the property received multiple offers. Ultimately the contract was awarded to an industrial investment group out of Nashville, TN.
“This is an important transaction for a couple reasons,” Moore says. “It proves that bigger pools of outside capital are starting to recognize greater opportunities in East Tennessee. It also proves that investor demand for local industrial projects is strong. Heidi and I are proud that the sellers chose to work with our team at NAI and are thankful for the opportunity.”
”Having watched the growth of the overall Knoxville investment sales market and witnessing firsthand the pent up demand for quality assets, it was only a matter of time until our area hit the radar of larger investment firms,” Adams says. “We were charged with a compressed timeline for the marketing and sale of this property and were pleased with the offers that we received. National industrial investment firms and REITS clearly have their eyes on Knoxville.”
The out-of-state principal of GWDU Leasing spoke of the transaction. “We couldn’t be happier working with Roger and Heidi”. “Early on, they helped us with a general understanding of the industrial investment marketplace, and when it came time to sell, they put together an aggressive marketing plan for us. They did exactly what they said they would do, and it worked. The team operated under the pressure of a very short closing deadline and exceeded our expectations.”
About Roger Moore
With more than 25 years as a real estate agent and broker, Moore has amassed an impressive amount of experience in the sales and leasing of commercial properties. Roger began his career in the industry in 1980 as a licensed realtor selling real estate for his father, who, at the time, had the largest real estate company in the state of Tennessee.
In 1995, following in his father’s footsteps, Roger carried on a family tradition when he opened R.M. Moore Real Estate Company as a full-service firm and focused solely on commercial real estate.
R.M. Moore Real Estate was named on the INC 5000 list of the fastest growing companies in 2007 and 2008 and in February of 2007 was recognized in the Top 101 in Commercial Real Estate by Business TN Magazine. Roger was also affiliated with Sperry Van Ness (SVN), where his transactions consistently ranked him in the Top 20 of SVN Advisors and in the SVN Partner’s Circle for achieving highest total volumes amongst 900+ Advisors.
In 2017, Roger combined business with that of Maribel Koella of NAI Knoxville to form the largest commercial real estate group in East Tennessee, now known as NAI Koella | RM Moore.
Roger takes a very active role in the everyday functioning of the company. Not only does he assist in managing the firm and its many employees, but he also specializes in providing commercial property, tenant acquisition, and property management services through offices in both Knoxville and Sevierville, Tennessee.
About Heidi Adams
As a Senior Advisor, Heidi brings over three decades of diverse commercial real estate experience to the NAI Investment Group. Having transacted in all major asset classes, she possesses an innate ability to fully analyze projects and effectively guide owners and investors through a series of detailed steps to reach overall goals. Heidi’s diverse experience in asset management, construction, build-to-suit development and deal syndication allows her to put a unique eye on every transaction.
Her wealth of knowledge has been invaluable in meeting the needs of her clients, guiding the process through marketing, complex contract negotiations, due diligence and closing. Prior to practicing here in Tennessee, Heidi spent over 23 years in the commercial real estate industry in Central Florida. She last served as a Director of Brokerage and Asset Management for Taurus Southern Investments, a German investment firm, where she was responsible for brokerage activities and asset management of over 2.5 million square feet of high-tech office and flex products in Central Florida and Jacksonville. The Taurus team was responsible for the development of the first USGBC LEED Gold Flex Project in Central Florida and Heidi played an integral part in the success of this project. Additionally, Heidi was tasked with the analysis of potential acquisitions and as a member of the Taurus disposition team handled the sale of assets once they had reached the designated hold period for the investor group. During her five years with Taurus, Heidi was directly involved in over $291 million in real estate transactions.
Heidi was recognized by the Florida Real Estate Journal as a 2008 Top Woman in Commercial Real Estate and by CoStar as a 2006 Top Office Broker. Additionally, Heidi was recognized by the Orlando Business Journal as one of Orlando’s “40 Under 40” in 2007. Since joining NAI in 2008, Heidi has been consistently ranked among the highest producers at the firm. She was named as the firm’s Top Producer for the years 2016, 2017, 2018 and 2020; an honor achieved by closing the highest dollar volume of transactions for the year companywide. Additionally, Heidi was recognized by the East Tennessee CCIM Chapter and the Knoxville Area Association of Realtors as the Top Multifamily Broker and Commercial Broker of the Year for 2018.
About NAI Koella | RM Moore
NAI Koella | RM Moore is a full-service commercial real estate firm with international reach and local expertise in Knoxville and the surrounding markets. Maribel Koella, co-founded NAI Knoxville in 1983 and Roger M. Moore, second generation to Moore Real Estate, founded RM Moore Real Estate in 1995. In 2017, they combined their professionally trained brokers and property management services to provide a premier level of commercial real estate services. To learn more, visit www.koellamoore.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of over 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.