Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today that its sixth investment fund, Green Courte Real Estate Partners VI, LLC and its affiliates, acquired an eight-acre site located at 3410 McCrary Road in Mount Juliet, Tennessee, in Wilson County’s fastest-growing industrial submarket.
The expansion site is immediately adjacent to Green Courte’s existing industrial outdoor storage (IOS) property at 201 Couchville Industrial Boulevard in Mount Juliet. The assemblage creates a contiguous 20-acre IOS property, further establishing Green Courte’s IOS presence in the Nashville market. The transaction also unlocks previously unusable land on the existing IOS site and enhances zoning across the combined property, allowing for a broader range of tenant uses.
The property was acquired from a local developer that is building a two-million-square-foot warehouse project in close proximity to Green Courte’s property. Under a build-to-suit agreement, the developer will complete the expansion site for Green Courte. The finished site will feature a 10,000-square-foot industrial service facility, be fully fenced and lit, have a stone base with an asphalt millings surface, and include two concrete-paved entrance aprons.
“This transaction allows us to scale an already high-quality IOS asset in a key logistics corridor,” said Jordan Kerger, Managing Director at Green Courte. “By adding an industrial service facility and enhancing zoning for the combined property, we are making it more functional for tenants while continuing to grow our IOS platform and drive long-term value for our investors.”
