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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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PRESS RELEASES

Core5 Acquires 173-Acres to develop a Class-A Business Park totaling over 2.5 MSF and with an anticipated capital investment in excess $125 Million in DeSoto County, Mississippi, a key submarket of the Greater Memphis Industrial Market

Construction Slated to Begin Immediately on the initial two buildings of the new business park, Desoto 55 Logistics Center, which will include a 583,000 SF cross-dock facility expandable up to 1.5MSF and a 301,000 SF rear-load building, both of which will deliver in Fall 2017. ATLANTA, March 22, 2017 – Atlanta-based Core5 Industrial Partners announced the acquisition of 173-acre fully of entitled land located at US Highway 51, in DeSoto County along the I-55/I-69 corridor to develop a 2.5 MSF business and logistics park named Desoto 55 Logistics Center. Core5 will immediately begin construction on 883,720 square feet of Class-A office/warehouse space in two buildings: a 582,400-square-foot facility which is expandable to 1.5 MSF and a 301,320-square-foot rear-load building, which will offer higher office build-out capability. Both buildings will offer speculative space for delivery in Fall 2017.  DeSoto 55 Logistics Center will provide an outstanding business environment in a park-like setting with close proximity to the I-55 transportation corridor and a deep and qualified labor pool from which to draw potential workforce.  Other key attributes of DeSoto 55 Logistics Center are the pro-business environment of both DeSoto County and the City of Horn Lake, MS coupled with the flexibility of building designs offering space for companies desiring 85,000 SF to over 1.5MSF.   At full build-out, anticipated by the end of 2019, DeSoto 55 Logistic Center will accommodate over 2.5 MSF in up to five separate buildings. (more…)
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