Memphis, Tennessee Portfolio

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Location Characteristics: The Memphis International Airport is the busiest cargo airport in the country. Along with a series of infrastructure improvements including, the I-269 project that links SW Tennessee and north Mississippi to I-55 and I-69, further solidify Memphis as a distribution focal point. Additionally, the Port of Memphis is one of the country's largest inland ports. Due to these transportation advantages, companies that are located here can reach much of the southern United States within one day via road or rail.

 

Market Insight: Low vacancies compared to historical norms and strong demand for both older and newer logistics properties have allowed owners to increase rents. Large areas of available land, and recent improvements to infrastructure, continue to entice developers to build speculative warehouses across Memphis.

Memphis, Tennessee Portfolio

Location Characteristics: The Memphis International Airport is the busiest cargo airport in the country. Along with a series of infrastructure improvements including, the I-269 project that links SW Tennessee and north Mississippi to I-55 and I-69, further solidify Memphis as a distribution focal point. Additionally, the Port of Memphis is one of the country's largest inland ports. Due to these transportation advantages, companies that are located here can reach much of the southern United States within one day via road or rail.

 

Market Insight: Low vacancies compared to historical norms and strong demand for both older and newer logistics properties have allowed owners to increase rents. Large areas of available land, and recent improvements to infrastructure, continue to entice developers to build speculative warehouses across Memphis.

4540-4600 Pleasant Hill Road, Memphis, TN 38118

2 buildings comprising 566,281 square feet

Center Point Business Park

Location:Memphis, TN

Acquisition Date:7/29/19

# of Buildings:1

Purchase Price/SF:$38.94

Tenant:Single-Tenant

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Salisbury Business Park

Portfolio Fit: 4540 – 4600 Pleasant Hill, two building, single tenant portfolio, containing 566,281 square feet, strategically positioned within SouthPark Distribution Center, which is ideally located near Memphis’ major transportation thoroughfares.

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3000 Democrat Road, Memphis, TN 38118

8 buildings comprising 235,071 square feet

Center Point Business Park

City, Location:Memphis, TN

Acquisition Date:8/16/17

# of Buildings:1

Purchase Price/SF:$33.29

Tenant:Multi-Tenant

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Liberty Business Park

Portfolio Fit: Airport Business Park, the diverse tenancy in this eight-building portfolio includes a Fortune 500 company and two United States Government agencies (Federal Aviation Administration and General Services Administration). With expansion potential for two additional buildings, this portfolio is uniquely positioned to take advantage of the continued growth in Memphis’ well-established transportation and logistics infrastructure.

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Metro Area Building Name Gross Building Area (SF) Property Sub-Type Tenant
Memphis 3635 Knight Road 131,904 Warehouse/Distribution Multi-Tenant
Memphis 6045 East Shelby Drive 92,350 Warehouse/Distribution Multi-Tenant
Memphis 2980 Democrat Road (Bldg B) 17,220 Small Bay Industrial Multi-Tenant
Memphis 2890-2904 Business Park Drive (Bldg C) 22,500 Small Bay Industrial Single-Tenant
Memphis 2864-2876 Business Park Drive (Bldg D) 22,500 Flex Space Single-Tenant
Memphis 2849-2885 Business Park Drive (Bldg E) 18,619 Flex Space Multi-Tenant
Memphis 2842 Business Park Drive (Bldg G) 24,500 Flex Space Multi-Tenant
Memphis 2828-2838 Business Park Drive (Bldg H) 60,000 Small Bay Industrial Multi-Tenant
Memphis 2813 Business Park Drive (Bldg I) 35,932 Flex Space Multi-Tenant
Memphis 2847 Business Park Drive (Bldg J) 33,800 Flex Space Single-Tenant
Memphis 6075 East Shelby Drive 55,233 Warehouse/Distribution Multi-Tenant
Memphis 210 American Drive 638,400 Warehouse/Distribution Single-Tenant
Memphis 6005 East Shelby Drive 54,720 Warehouse/Distribution Multi-Tenant
Memphis 4600 Pleasant Hill Road 305,000 Warehouse/Distribution Single-Tenant
Memphis 4540 Pleasant Hill Road 261,281 Warehouse/Light Manufacturing Single-Tenant
Memphis 7560 Priority Lane 48,750 Warehouse/Distribution Multi-Tenant
Memphis 3670 South Perkins Road 74,582 Warehouse/Light Manufacturing Single-Tenant
Memphis 3980 Premier Avenue 141,256 Warehouse/Distribution Multi-Tenant
Memphis 5846 Distribution Drive 34,560 Warehouse/Distribution Single-Tenant
Memphis 5875 East Shelby Drive 39,240 Warehouse/Distribution Single-Tenant
Memphis 5841 East Shelby Drive 44,080 Warehouse/Distribution Single-Tenant
Memphis 5815 East Shelby Drive 29,920 Warehouse/Distribution Single-Tenant
Memphis 1525 Three Place 21,586 Warehouse/Distribution Single-Tenant
Metro Area Building Name Gross Building Area (SF) Property Sub-Type Tenant
Memphis 3371 One Place 15,725 Warehouse/Distribution Single-Tenant
Memphis 3365 One Place 20,000 Warehouse/Distribution Multi-Tenant
Memphis 3374 One Place 28,320 Warehouse/Distribution Multi-Tenant
Memphis 3650 Distriplex Drive 330,253 Warehouse/Distribution Single-Tenant
Memphis 140-150 Collins Street 85,142 Flex Space Multi-Tenant
Memphis 174 Collins Street 66,000 Warehouse/Distribution Multi-Tenant
Memphis 200 Collins Street 96,075 Warehouse/Distribution Single-Tenant
Memphis 8970 Deerfield Drive 51,320 Warehouse/Distribution Single-Tenant
Memphis 10682 Ridgewood Road 90,000 Warehouse/Distribution Single-Tenant
Memphis 4001 Outland Road 117,600 Warehouse/Distribution Single-Tenant
Memphis 4727 Burbank Road 123,816 Warehouse/Distribution Multi-Tenant
Memphis 4791 Burbank Road 126,000 Warehouse/Distribution Single-Tenant
Memphis 10455 Marina Drive 161,200 Warehouse/Light Manufacturing Single-Tenant
Memphis 1814 South Third Street 88,950 Warehouse/Distribution Single-Tenant
Memphis 4101 Willow Lake Boulevard 75,643 Warehouse/Distribution Single-Tenant
Memphis 4895 Outland Center Drive 35,367 Warehouse/Distribution Multi-Tenant
Memphis 4900 Outland Center Drive 35,431 Small Bay Industrial Multi-Tenant
Memphis 4935 Outland Center Drive 104,539 Warehouse/Distribution Single-Tenant
Memphis 4985 Outland Center Drive 108,200 Warehouse/Distribution Multi-Tenant
Memphis 4995 Outland Center Drive 124,000 Warehouse/Distribution Multi-Tenant
Memphis 6290 Shelby View Drive 74,665 Warehouse/Distribution Single-Tenant
Memphis 2950 Brother Boulevard 232,375 Warehouse/Distribution Multi-Tenant
Memphis 1700 Dunn Avenue 311,564 Warehouse/Distribution Single-Tenant
Memphis 1710 Dunn Avenue 5,371 Warehouse/Distribution Single-Tenant
Memphis 7585 AE Beaty Drive 30,000 Warehouse/Distribution Multi-Tenant
Memphis 2995 Appling Road 37,557 Light Manufacturing/Flex Multi-Tenant
Metro Area Building Name Gross Building Area (SF) Property Sub-Type Tenant
Memphis 4370 South Mendenhall Road 203,145 Warehouse/Distribution Multi-Tenant
Memphis 4575 Pleasant Hill Road 320,186 Warehouse/Distribution Multi-Tenant
Memphis 4740-4800 East Shelby Drive 115,950 Warehouse/Distribution Multi-Tenant
Memphis 4444 South Mendenhall Road 170,000 Warehouse/Distribution Multi-Tenant
Memphis 4400 South Mendenhall Road 90,918 Warehouse/Distribution Multi-Tenant
Memphis 4440 South Mendenhall Road 106,850 Warehouse/Distribution Single-Tenant
Memphis 4450 South Mendenhall Road 94,140 Warehouse/Distribution Multi-Tenant
Memphis 1590 Century Center Parkway 118,000 Warehouse/Distribution Multi-Tenant
Memphis 1610 Century Center Parkway 48,495 Flex Space Single-Tenant
Memphis 1670 Century Center Parkway 33,688 Small Bay Industrial Single-Tenant
Memphis 1600 Century Center Parkway 94,000 Flex Space Multi-Tenant
Memphis 1620 Century Center Parkway 47,040 Small Bay Industrial Multi-Tenant
Memphis 1680 Century Center Parkway 77,925 Small Bay Industrial Multi-Tenant
Memphis 1640 Century Center Parkway 100,904 Warehouse/Distribution Single-Tenant