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| Building A, Desoto 55 Logistics Center, 1241 Commerce Drive Horn Lake, Desoto County, TN |
ATLANTA, GA –
Atlanta-based Core5 Industrial Partners announced the sale of a
581,475-square-foot building located in Desoto 55 Logistic Center, a
173-acre park situated at US Highway 51 in DeSoto County along the I-55/I-69
corridor in the greater Memphis industrial market.
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| Lisa M. Ward |
The initial cross-dock facility, located at 1241 Commerce
Drive, Horn Lake, MS, and known as Building A, was sold to a Fortune 500
company to use as a key facility in their distribution network.
Elliot Embry with NAI in conjunction with NAI Global
Corporate Solutions represented the undisclosed buyer.
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| Elliot Embry |
DSV Solutions was represented in-house and EPE Industries was represented by Jacque Beeson of CBRE.
With the initial two buildings being fully committed within
three months of completion, Core5 will immediately begin design and
construction on the final three buildings in DeSoto 55 Logistics Center,
totaling 1.5 million square feet.
The largest building of the three, Building D will be a
860,915- square-foot cross-dock building and feature 36’ clear height, 326 auto
spaces and up to 196 trailer spaces.
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| Jacque Beeson |
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| Rodney Davidson |
DeSoto 55 Logistics Center provides an outstanding business
environment in a park-like setting with proximity to the I-55 transportation
corridor and a deep and qualified labor pool from which to draw potential
workforce.
Other key attributes that have proven successful to the
property are the pro-business environments of both DeSoto County and the City
of Horn Lake, MS.
“The two key factors considered by logistics operators is
immediate access to transportation infrastructure and access to a qualified
labor pool. DeSoto 55 Logistics Center offers unparalleled access to
both,” said Lisa Ward, Senior Vice President and Managing Director of
Core5.
“The State of Mississippi, DeSoto County and the City of
Horn Lake have created a pro-business environment that is both responsive and
easy for prospective tenants seeking to do business in the area,” declares Rodney
Davidson, Vice President Investments for Core5.
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| Dan Wilkinson |
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate
property company with expertise in development and acquisition of Class-A
industrial properties featuring the latest innovations throughout the United
States.
Headquartered in Atlanta, Georgia, Core5, has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Dallas, Los Angeles/Inland Empire, Memphis, Pennsylvania and South Florida with expansion plans to additional key logistic hubs in the US.
Founded in 2015, the company has
developed 10 million square feet in three years and has plans to begin
development on another 10 million square feet in 2019.
Headquartered in Atlanta, Georgia, Core5, has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Dallas, Los Angeles/Inland Empire, Memphis, Pennsylvania and South Florida with expansion plans to additional key logistic hubs in the US.
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| Allen Wilkinson |
Immediate access to capital, coupled with the ability to
financially support deals on their balance sheet without utilizing third party
resources on most transactions, Core5 executes quickly without layers of
bureaucratic, time-consuming processes.
The company is privately held by 170-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship.
The company is privately held by 170-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship.
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| Brad Kornegay |
CONTACTS:
Rodney Davidson
Core5 Industrial Partners
404-262-5432
RITA SKAGGS
RED DART Real Estate
Consulting
404.788.3231
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