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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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Core5 Industrial Partners Announces Sale of 581,475 SF Desoto 55 Logistics Center Building A and Lease of 300,145 SF Building B in Greater Memphis Industrial Market

Construction Slated to Begin Q2 2109 on Three Additional Buildings Totaling 1.5 MSF in Business Park ATLANTA, February 20, 2019 – Atlanta-based Core5 Industrial Partners announced today 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. The second existing building in the park, Building B, is a 300,145-square-foot rear-load building that has been fully leased to DSV Solutions, LLC and EPE Industries USA which will both occupy in first quarter 2019.  DSV Solutions was represented in-house and EPE Industries was represented by Jacque Beeson of CBRE. (more…)
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Atlanta’s Largest 2018 Industrial Lease

A German real estate fund manager said it just closed on the acquisition of Southwest 85 Logistics Center , a property that landed the largest industrial lease in metropolitan Atlanta last year. GLL Real Estate Partners, the Munich-based real estate investment platform of Macquarie Group, bought the 1.2 million-square-foot distribution and logistics facility in Newnan, Georgia, from Core5 Industrial Partners, the Atlanta firm that developed the building. Terms of the transaction were not disclosed. The price likely was in the range of $75 million to $87 million - or $62 to 72 per square foot - based on comparable sales of new, fully leased industrial assets in the area. A comparable building at 5000 Bohannon Road, also on Atlanta's Southside, that's fully leased to battery maker Duracell sold in 2017 for $71 per square foot.   (more…)
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DeSoto 55 erects first two buildings, lands first tenant

The first two buildings in the new DeSoto 55 Logistics Center have been completed and the first tenant has leased 200,000 square feet, developer Core5 Industrial Partners announced Monday. DSV Solutions, a freight forwarder, is to start operations at the site in January. DSV will use the 200,000 square feet for an existing client’s distribution facility serving the Southeast. (more…)
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Core5 Completes First Phase of 2.5 MSF Logistics Center in Metro Memphis

HORN LAKE, MISS. — Atlanta-based Core5 Industrial Partners has completed its first two inventory buildings at DeSoto 55 Logistics Center, a business park in Horn Lake, a Mississippi town within the greater Memphis market. Situated along the Interstate 55 corridor, the 175-acre business park will feature more than 2.5 million square feet of Class A space once fully developed. (more…)
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First lease signed for DeSoto 55 Logistics Center

Atlanta-based Core5 Industrial Partners announced the completion of its first two inventory buildings in their first development in the greater Memphis Market, DeSoto 55 Logistics Center. DeSoto 55 Logistics Center is a 175-acre Class-A business park, located in Horn Lake and is less than 10 miles to Memphis International Airport. It will encompass over 2.5 million square feet once fully developed. (more…)
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Core5 Industrial Partners Completes the First Phase of DeSoto 55 Logistics Center

Atlanta-based Core5 Industrial Partners announced today the completion of two inventory buildings in their first development in the greater Memphis Market, DeSoto 55 Logistics Center. DeSoto 55 Logistics Center is a 175-acre Class-A business park, located in Horn Lake, MS along the I-55 Corridor less than 10 miles to Memphis International Airport, and will encompass over 2.5 million square feet once fully developed. (more…)
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