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NEWS

Media Releases Category: In The News

DeSoto 55 Logistic Center building sold

Atlanta-based Core5 Industrial Partners have announced the sale of a 581,475-square-foot building located in DeSoto 55 Logistic Center, a 173-acre park situated on U.S. Highway 51 in DeSoto County. The initial cross-dock facility, located at 1241 Commerce Drive in Horn Lake 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. (more…)
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Fortune 500 Firm Buys MS Industrial Property

Core5 Industrial Partners has sold a 581,475-square-foot industrial property situated within the Desoto 55 Logistics Center, a 173-acre park in Horn Lake, Miss., to a Fortune 500 company. NAI Saig Co. Vice President Elliot Embry represented the buyer in the deal. Located at 1241 Commerce Drive, the property referred to as Building A is a cross-dock facility and will be utilized by the new owner for its distribution network. The location offers access to the interstate system, a targeted labor pool, the pro-business environment of both DeSoto County and Horn Lake as well as the state of Mississippi. It’s also less than 10 miles from Memphis International Airport. (more…)
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Vital Pharmaceuticals pays $35M for Pembroke Pines warehouse

Vital Pharmaceuticals paid $35 million for a new warehouse in Pembroke Pines, which it plans to use as its new headquarters. The sports supplement company purchased the 224,572-square-foot industrial property for $155 per square foot from Helms Development and Core5 Industrial Partners, records show. The 11.6-acre site at 20311 Sheridan Street formerly housed a women’s state prison. (more…)
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Energy drink maker buys distribution center for $35M

Vital Pharmaceuticals, the maker of Bang energy drinks and other health-focused products, acquired a new distribution warehouse in western Pembroke Pines for $35 million.

South Florida Distribution Center Building A LLC, a partnership between Atlanta-based Core5 Industrial Partners and Helms Development, led by Scott Helms, sold the 224,572-square-foot warehouse at 20311 Sheridan Street to Sheridan Real Estate Investment A LLC, managed by John H. Owoc, the head of Weston-based Vital Pharmaceuticals, also known as VPX.

 
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DeSoto logistics park experiences rapid success

The owner of a new logistics center near Interstate 55 in Horn Lake will immediately start planning and erecting the last three buildings, totaling another 1.5 million square feet, now that the first two warehouses have been either sold or filled. It was just in October when Core5 Industrial Partners announced construction was completed for the first two buildings of its 175-acre DeSoto 55 Logistics Center. On Wednesday, the Atlanta-based firm announced the 581,475-square-foot Building A had sold to an undisclosed Fortune 500 company, which will use it as a key facility in its distribution network. (more…)
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Core5 Industrial Partners Announces Sale of Desoto 55 Building A and Development of Additional 1.5 MSF

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. 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. (more…)
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