FD Stonewater announced today it has completed the acquisition of Aramark’s Global Business Center, an 89,000-square foot office building in Nashville, TN. The building is 100% leased to Aramark, (NYSE: ARMK) a publicly-traded global food services, facilities management, and uniform services provider and full-building occupant since 2013. The acquisition was completed within FD Stonewater’s stabilized asset, secondary market investment strategy.
Located just south of Nashville in the Brentwood submarket, the property benefits from its strategic location, which provides easy access to the Nashville International Airport and to major interstates, along with proximity to a robust local employment base, strong business community, and vibrant public amenities. The building can support Aramark’s future growth and its above-market parking ratio allows for flexible, dense space-planning.
The Nashville office market has shown strong fundamentals in recent years and continues to attract active development and investment. The Aramark acquisition marks FD Stonewater’s fourth investment in Nashville, less than seven years after the firm’s first acquisition in the market.
FD Stonewater Principal Andrew Schwartzman commented, “We are thrilled to add this property to our portfolio and we continue to be strong believers in the Nashville office market. Since our first investment here in 2012, we have continued to evaluate opportunities in Nashville and surrounding submarkets that fit our investment strategies. We are confident that through thoughtful and active ownership, we will foster a long-term relationship with Aramark and provide support to the tenant’s objectives at the property.”
About FD Stonewater
FD Stonewater is a boutique real estate investment, development, and brokerage firm headquartered in Washington, DC. Collectively, the firm’s leadership has a track record of more than $10 billion, over 45 million square feet of lease transactions, and 21 build-to-suit projects completed, with $450 million of development currently in production.
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