After closing on its 60-acre development site in Pembroke Pines last week for $14.25 million, joint venture partners Core5 Industrial Partners and Helms Development are moving forward with their plans for a distribution center that could cost up to $125 million.
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Sonoco Products Company, one of the largest global diversified packaging companies, will invest $20 million in a new packaging center in Fairburn, Georgia. The company plans to create 130 full-time and 465 part-time jobs. Read More« Previous1…3940414243Next »
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.
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