Gerdau Knoxville, TN
In 2017, a Norfolk Southern train derailment caused substantial damage to Gerdau’s warehouse and reinforcing steel fabrication facility in Knoxville, Tennessee. One of Tessera’s principals worked with the insurance carrier and officials at Norfolk Southern to coordinate repair and restoration of the facility while allowing Gerdau to continue to occupy undamaged portions of the premises. Restoration included replacing structural elements of the roof, foundation and load bearing walls of the 40,000 sf facility.
Footage of train derailment: View Footage
Gerdau is the world’s 14th largest steelmaker. It has 337 industrial and commercial units and more than 45,000 employees across 14 countries.
Transaction: Post-Damage Restoration
Available Space: Fully-Occupied