Just Closed: Knoxville Industrial

LA JOLLA, CA, December 17, 2025 – Legacy West Partners is pleased to announce the acquisition of Knoxville Industrial, a 55,000-square-foot industrial warehouse strategically located in the heart of Knoxville, Tennessee. This transaction represents our firm’s entry into the Knoxville market following several years of targeted evaluation and disciplined pursuit and supports our continued expansion across the Southeast.

Our team leveraged deep market expertise and long-standing regional relationships to secure this asset through an exclusive off-market opportunity. The property is fully occupied with below market rents and offers meaningful value-add potential through targeted leasing and operational enhancements. With cross dock access, dedicated entrances, office space, restrooms, and parking on both sides of the building, the asset is well configured for potential future subdivision. Initial cleanup as well as day-to-day operations will be supported by our Chattanooga-based management team.

Centrally positioned near I-40 and US-441 and approximately 15 miles from McGhee Tyson Airport, the property benefits from strong regional connectivity. Knoxville continues to demonstrate exceptional industrial fundamentals; it is a mid-sized market approaching 100M square feet with one of the lowest vacancy rates in the country at 1.9% and notable asking rent growth of 3.1%.

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