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Florida logistics company leases entire new 1.2M-sf industrial project in Newnan, Ga.

A Lakeland, Fla.-based third-party logistics company has leased all of the 1.2-million-square-foot Southwest 85 Logistics Center in Newnan, Ga.

Saddle Creek Logistics Services signed a lease with the building's owner, Core5 Industrial Partners, according to a Commercial Property Executive article.

Saddle Creek Logistics, which provides supply chain services for retailers, manufacturers and e-commerce companies, plans to use Southwest 85 Logistics Center to provide distribution services for a top home improvement retailer's locations in the Southeast.

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PRESS RELEASES

Core5 Industrial Partners Sells 581,475 SF Logistics Center in Metro Memphis

HORN LAKE, MISS. — Core5 Industrial Partners has sold the 581,474-square-foot Building A within Desoto 55 Logistics Center in Horn Lake. The business park sits on 173 acres about 18 miles south of Memphis. An undisclosed Fortune 500 company acquired the asset. The sales price was not disclosed. In addition, Core5 announced that Building B, a 300,145-square-foot facility, has been fully leased to DSV Solutions LLC and EPE Industries USA, which are both set to occupy the space this quarter. Three other buildings are planned within Desoto 55. At full build-out, the business park will span more than 2.5 million square feet. All three buildings are expected to be delivered by the end of this year. (more…)
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