Key Takeaways
- • Graham Capital disposed of a newly constructed 121,680-square-foot industrial build-to-suit facility in Knoxville, Tennessee to a private investor for $23.5 million, with Graham & Company serving as the developer.
- • The industrial property features approximately 30,000 square feet of built-in expansion capability, positioning it as a Class-A asset positioned for operational flexibility and future growth accommodation.
- • The transaction reflects continued institutional activity in Birmingham-based developers' regional real estate portfolio, with Graham Capital demonstrating active capital deployment across multiple industrial markets including Knoxville, Tampa, and Orlando.
- • Market conditions indicate sustained demand for newly developed Class-A industrial facilities among private investors, supporting the viability of build-to-suit development models in secondary industrial markets.
Summary
Graham Capital, a Birmingham-based developer, completed the sale of a newly built industrial facility to a private investor for $23.5 million on March 13, 2023. The property, a 121,680-square-foot build-to-suit industrial structure located in Knoxville, Tennessee, was developed by Graham & Company and represents a Class-A asset in the industrial real estate sector.
The facility was constructed on a substantial site with approximately 30,000 square feet of expansion capability embedded into its design, providing the new owner with operational flexibility and potential for future facility enlargement without requiring additional land acquisition. This design feature positions the property as an adaptive asset suited for tenants with evolving space requirements.
The disposition reflects Graham Capital's broader portfolio management strategy across multiple regional markets. Beyond this Knoxville transaction, the developer has maintained an active presence in industrial real estate development, including Class-A warehouse projects in Tampa and commercial acquisitions in Orlando, demonstrating diversified geographic exposure within the institutional-grade industrial sector.
This transaction underscores persistent investor appetite for newly developed, Class-A industrial facilities, particularly among private investors seeking institutional-quality assets with modern construction standards and built-in operational advantages. The $23.5 million valuation reflects market pricing for this facility class in the Knoxville industrial market during the first quarter of 2023.
The facility was constructed on a substantial site with approximately 30,000 square feet of expansion capability embedded into its design, providing the new owner with operational flexibility and potential for future facility enlargement without requiring additional land acquisition. This design feature positions the property as an adaptive asset suited for tenants with evolving space requirements.
The disposition reflects Graham Capital's broader portfolio management strategy across multiple regional markets. Beyond this Knoxville transaction, the developer has maintained an active presence in industrial real estate development, including Class-A warehouse projects in Tampa and commercial acquisitions in Orlando, demonstrating diversified geographic exposure within the institutional-grade industrial sector.
This transaction underscores persistent investor appetite for newly developed, Class-A industrial facilities, particularly among private investors seeking institutional-quality assets with modern construction standards and built-in operational advantages. The $23.5 million valuation reflects market pricing for this facility class in the Knoxville industrial market during the first quarter of 2023.
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