SOURCE: Binswanger

Binswanger

July 19, 2012 11:51 ET

Binswanger Named Exclusive Agent for Food Lion's 772,000 Sq. Ft. Food Grade Distribution Facility in Clinton, Tennessee

ATLANTA, GA--(Marketwire - Jul 19, 2012) - Binswanger has been named exclusive agent by Food Lion, Inc. for the sale of a modern, single-story 772,000 sq. ft. food grade distribution facility featuring dry cooler and freezer space on 160.55 acres located at 400 J.D. Yarnell Industrial Parkway in Clinton, Tennessee.

Constructed in 1989 with cooler/freezer additions in 1994, this excellent facility contains 528,600 sq. ft. dry grocery; 118,964 sq. ft. cooler at 51° ambient temperature; 82,692 sq. ft. freezer at -10° to -20° ambient temperature; 24,380 sq. ft. charging & maintenance; and 16,660 sq. ft. of salvage area space. In addition, a 10,000 sq. ft. truck maintenance facility (not included in the total sq. ft. above) is located on the site.

Key features of the facility include 6" reinforced concrete floors with metal flake top finish; concrete block and insulated metal walls; 10" steel I-beam columns spaced 41" x 42'6"; new rubber EPDM roof installed on the dry warehouse in 2011 and EPDM ballasted roof on the refrigerated areas; ceiling heights to 34" clear; T-5 lighting; all utilities; 100% wet sprinkler in dry warehouse and dry system in refrigerated area; 131 7' x 8' metal dock-high doors with electronic levelers, dock seals, brush guards, and lights, two 2-ton cranes in maintenance area; air-conditioned office space located throughout the facility; ammonia house constructed in 2011; paved, marked and lighted parking for approximately 300 vehicles; and two interior 882' rail spurs with service provided by Norfolk Southern Rail.

The property is strategically located one mile from State Highway 61 and four and one-half miles to I-75. I-40, I-81, and Knoxville McGhee Tyson Airport are approximately 25 miles south of the site.

Binswanger is aggressively marketing the property to food, beverage, paper, printing & related activities, plastic, and automotive manufacturers; wholesale trade, retail trade, and transportation & warehousing users.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.

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