NAI Knoxville Brokers Sale of Industrial Building in Knoxville, TN to Lifetime Products, Inc.
KNOXVILLE, TENNESSEE – NOVEMBER 2015 – NAI Knoxville is pleased to announce the sale of Warehouse & Industrial Builders’ 360,000 square foot industrial building on approximately 62 acres. The property is located at 2015 Eastbridge Boulevard in Knoxville, Tennessee.
The property is being purchased by Lifetime Products, Inc. Established in 1986, Lifetime Products, Inc. is a privately held company headquartered in Clearfield, Utah. Starting in the owner’s garage, Lifetime Products began by building a better basketball system. This passion for continuous improvement and challenging conventional manufacturing techniques has allowed Lifetime to grow into a global manufacturer and market leader. Today, Lifetime is the world’s leading manufacturer of polyethylene folding tables, chairs, and residential basketball hoops. With other offerings from outdoor sheds and composters to playsets and kayaks, Lifetime continues to develop innovative products sold in more than 80 countries around the globe.
Lifetime Products will be investing $115,000,000 and bring 500 plus jobs to Knox County. Lifetime will be using the existing 360,000 square foot building for warehousing and distribution and will expand the building for their manufacturing operation. Lifetime will begin hiring soon and job opportunities will be posted on their website, www.jobs.lifetime.com.
Key features of the facility include ceiling heights from 21’ – 39’ feet, 42 dock doors and 4 drive-in doors and ample room for building expansion.
The transaction is being handled by James Roberson, CCIM and Townsend Collins, SIOR with NAI Knoxville.
About NAI Knoxville
NAI Knoxville, a member of NAI Global, the world’s premier managed network of commercial real estate firms, is an organization of professionally trained brokers with international reach and local expertise in commercial real estate. NAI Knoxville has been providing full-service commercial real estate brokerage support to middle and East Tennessee since 1983.
To learn more, visit www.naiknoxville.com.
# # #