Warehouse home to national building products supplier sells for $9.87M | Development
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A San Francisco-centered hedge fund titan has paid out about $9.87 million for a Madison industrial residence — far more than $2 million additional than the price tag for which the house modified possession hands about two decades in the past.
Farallon Funds Administration now owns the 15.25-acre house, which is situated at 700 Myatt Generate, according to a Davidson County Register of Deeds document.
The seller was Rosemont, Illinois-based Brennan Investment Group, which paid $7.5 million for the house in January 2020. The local operations of Atlanta-based mostly countrywide creating product supplier BlueLinx Corp. is positioned at the warehouse.
700 Myatt Drive
For context, the vendor in the 2020 transaction was an LLC that paid $2.85 million for the residence in February 2011, according to Metro documents.
The web site gives a 200,000-square-foot warehouse accommodating BlueLinx.
Farallon Funds is dwelling to extra than 230 staff functioning in eight nations around the world and has about $35 billion in assets beneath administration, according to its internet site. It is unclear if Farallon has other Nashville holdings. At one time, the business experienced possession in Opry Mills.
The Post was not able to decide if brokers were being involved in the offer.
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