Small Business Resources, Business Advice and Forms from AllBusiness.com

Jones Lang LaSalle brokers TN deal.

Jones Lang LaSalle has completed the $24.5 million sale of 6050 Dana Way in Antioch, Tennessee, on behalf of GE Real Estate.

A joint venture affiliate with Lexington Corporate Properties Trust, a real estate investment trust based in New York, purchased the property, which is subject

to a long-term, triple-net, bondable lease with Dana Corporation. Dana Corporation is an automotive, commercial, and off-highway vehicles products and systems company. Managing Director Thomas L. Beneville and Vice President Kim G. Leshman of the firm's New York office oversaw the marketing and disposition of the asset. David M. Ledy of US Realty Advisors, LLC advised GE Real Estate in the transaction.

Built in 1999, 6050 Dana Way is a 677,400-square-foot warehouse building that includes a 60,000-square-foot, two-story office component. It is located on 56 acres approximately 1/2-mile north of I-24 in Antioch, Tennessee.

In addition, make sure to read these articles: