CBRE Secures $58+ Million in Acquisition Financing for 604,084-Square-Foot Nashville Last Mile Industrial Portfolio

CBRE has arranged over $58 million in financing for the Nashville Last Mile Portfolio, a four-building, 604,084‑sq. ft. industrial portfolio located in Goodlettsville and Smyrna, Tennessee.

The CBRE Debt & Structured Finance team of Mike Ryan, Richard Henry, JP Cordeiro, and Taylor Crowder represented Raith Capital Partners and secured the acquisition loan with Starwood.

The portfolio consists of four fully leased, small‑ and mid‑bay industrial assets positioned in one of the nation’s strongest logistics markets. The addresses for the properties are as follows:

• 300 Oak Bluff Lane, Goodlettsville, TN – 207,080 sq. ft.
• 100 Northfork Lane, Goodlettsville, TN – 67,000 sq. ft.
• 200 Northfork Lane, Goodlettsville, TN – 100,500 sq. ft.
• 801 Swan Drive, Smyrna, TN – 229,504 sq. ft.

“This portfolio represents the type of modern, infill industrial product that continues to outperform in today’s environment,” said Ryan. “Nashville’s record‑low vacancy and strong rent growth created significant lender interest. Raith Capital Partners has a compelling opportunity to unlock substantial value as leases roll to market in the coming years.”

Delivered between 1993 and 1998, the assets feature clear heights ranging from 24 to 30 feet, functional loading, and immediate connectivity to Interstates 65, 24, 40, and 840, providing exceptional regional distribution reach. The buildings are 100% leased to five tenants.

According to a recent CBRE report, Nashville continues to outperform major U.S. industrial markets, closing 2025 with direct vacancy at 4.0% as tenant demand continued to keep pace with new supply. In Q4 2025, net absorption totaled 778,940 sq. ft., a 71.5% increase over the prior quarter, while 671,827 sq. ft. of new space was delivered during the quarter.