Panattoni Announces 815,670 SF BTS Lease with Dorman Products in Portland, Robertson County, TN
Friday, March 23rd 2018
FOR IMMEDIATE RELEASE
Nashville, TN, March 23, 2018 – Panattoni Development Company, Inc. announced today that they have commenced development on a 815,670-square-foot warehouse leased to Dorman Products in the Tennessee Kentucky Business Park in Portland, Robertson County, TN. The build-to-suit facility will be completed by year-end 2018 and will be Dorman’s largest distribution center in the U.S., serving customers throughout North America.
Headquartered in Colmar, Pennsylvania, Dorman Products is a leading aftermarket supplier of original replacement parts, automotive hardware, brake parts, and fasteners for both automotive and heavy vehicles. Dorman sells its products to aftermarket retailers and warehouse distributors as well as to manufacturers for resale under private labels. Dorman’s brands include AutoGrade, FirstStop, and OE Solutions.
The 53+-acre site will accommodate an additional 200,000 square feet of future expansion space. The project is being funded by SIF Portland TN, LLC, an affiliate of Stonemont Financial Group, with financing provided by Pinnacle Bank. Gary Bender, Tim McCune, and Brandon Wood of Corporate Realty Advisors represented Dorman Products. J.P. Lowe of Chas. Hawkins Company Inc. represented the land seller, L&W Properties. Alston Construction, Inc. is the general contractor, Klober Engineering is the civil engineer, and Pickering Firm, Inc. is the architectural and structural engineer.
Panattoni’s Regional Partner Whitfield Hamilton said, “We are pleased to have closed on our site and executed a new long-term lease with Dorman Products and now immediately commence development of their new state-of-the-art facility that consolidates multiple locations and operations for them here in Robertson County and Portland. We are grateful for the opportunity to work with the Collins Family on the site acquisition in their Tennessee-Kentucky Business Park as well as Mayor Ken Wilbur and the entire team at the City of Portland. With the new I-65 interchange and Hwy 109 improvements, and an experienced labor base, we believe this is a great location for Dorman to continue to grow and for us to develop.”
Founded in 1986, Panattoni Development Company, Inc. is one of the largest privately held, full-service development companies in the world. Panattoni is headquartered in Newport Beach and operates from 24 offices in the United States, Canada, and Europe. Since inception, Panattoni has developed more than 302 million square feet of space including more than 106 million square feet of build-to-suit projects. Panattoni has developed industrial, office and flex facilities in 278 cities located in 29 states and nine countries. The Panattoni Southeast team has developed 14 industrial and office projects in the last 18 months, comprising over 4 million square feet of new development, and they currently have over 10 million square feet of new projects under development. Learn more at www.panattoni.com.
Panattoni Development Company, Inc.