NEWS

NEWS

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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PRESS RELEASES

Core5 Industrial Partners Starts 1 Million-Square-Foot Hendricks Gateway Park Industrial Building

INDIANAPOLIS, July 16, 2019 – Core5 Industrial Partners, a new-to-Indianapolis developer and owner of industrial properties, has started construction on a 1,070,160 square foot building in Hendricks Gateway Park located at I-70 and State Road 39 in Monrovia. The building is the first 40-foot clear height speculative building to deliver in the market and will be available in the second quarter of 2020. The million-square-foot building is expandable to approximately 1.7 MSF square feet and offers generous parking for 663 auto spaces and 251 trailer storage locations with options to grow to 372 trailer spaces. “Core5 is bringing the best-in-class ideas to the Hendricks Gateway project”, declared Doug Armbruster, Senior Vice President for Core5. “It will be a real game changer for the market. The access is exceptional. Coupled with 40’ clear height, a 10 year real estate tax abatement, and strong labor markets, it’s an unbeatable location for e-commerce users who need access to the interstate system and the airport cargo facilities”, added Armbruster. The Indianapolis International Airport houses the world’s 2nd largest FedEx facility and Indianapolis is the 8th largest cargo airport in North America. The project is adjacent to I-70 where the highest concentration of commodities flow through Indiana.  The interchange is being improved to a diverging diamond interchange as well. CBRE’s Andrew Morris and Jeremy Woods, who represented CORE5 in purchasing the 76 acres the new building sits on, will represent Core5’s leasing efforts for the building. “This project checks all the boxes in site selection – location, infrastructure, labor, incentives and the latest in distribution space design”, states Morris. The project team consist of GDI Construction, MacGregor Associates Architects, and Structurepoint. Hendricks Gateway Park is currently home to DHL, Chewy.com, Johnson & Johnson and Geodis.
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