ATLANTA, April 6, 2023 – Atlanta-based Core5 Industrial Partners announced today a full-building lease at I-269 Logistics Center Building D located in Byhalia, Mississippi to Barrett Distribution Centers, a provider of customized third-party logistics, omnichannel distribution, transportation, and direct-to-consumer eCommerce fulfillment services for clients across all industries, such as apparel and footwear, health and beauty, consumer packaged goods, consumer electronics, food, candy, grocery, and automotive. The 957,400-square-foot cross-dock building was delivered in November 2022 and Barrett Distribution is scheduled to occupy the building in April 2023. I-269 Logistics Center Building D is located on a 70-acre site located at Highway 302 and I-269 in Marshall County.
Barrett Distribution Centers was represented by Jacque Beeson, a broker with CBRE.
“The proximity to I-269 and Highway 302 made I-269 Logistics Center the ideal location for Barrett Distribution Centers’ operations,” states Lisa Ward, Senior Vice President and Managing Director for Core5. “In addition, the fact that the building was move-in ready played a major role in Barrett’s selection of the facility,” continues Lisa.
I-269 Logistics Center Building D is constructed to meet state-of-the-art standards, featuring 40-foot clear ceiling height and a six-inch Ductilcrete slab. The building accommodates trailer parking for over 216 trailers and 597 auto parking spaces. When fully developed, I-269 Logistics Center will feature more than 5 million square feet of class A industrial space. “Barrett Distribution is an existing customer of Core5, and we are very pleased to have them grow with us in the Memphis market,” added Rodney Davidson, Vice President Investments for Core5.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 43 million square feet since inception. 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. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit www.c5ip.com.
Core5 Industrial Partners