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.
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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.
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ATLANTA, April 23, 2018 – Atlanta-based Core5 Industrial Partners announced today a full-building lease in their Southwest 85 Logistics Center location to Saddle Creek Logistics Services, a provider of supply chain solutions for retailers, manufacturers, and ecommerce companies. Saddle Creek will provide distribution services on behalf of a leading home improvement retailer for their locations across the Southeast. The 1,208,301 million-square-foot building will deliver this summer. Southwest 85 is located on a 109-acre site at Exit 51 in the I-85/Southwest Atlanta submarket.
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