UNIS leases additional industrial space
The California-based company that provides logistics services to other companies will open its second fulfillment center in Memphis, bringing its total footprint in Memphis to about 600,000 square feet.
There are 36 article(s) tagged CBRE:
The California-based company that provides logistics services to other companies will open its second fulfillment center in Memphis, bringing its total footprint in Memphis to about 600,000 square feet.
Woodhill Real Estate bought a fully leased, 268,000-square-foot building at 5020 Tuggle Road, in Memphis’ vast Southeast industrial submarket.
When you add all the industrial space leased during 2020 and subtract the new vacancies, the Memphis area experienced a net positive absorption of more than 12 million square feet. The vacancy rate fell to 5%, and 12 million square feet of more space is under construction.
Completed in 2019 at 6200 Global as the city’s first spec warehouse in 11 years, the 421,000-square-foot, Class A facility quickly landed a tenant and has just sold for a second time. And, several other speculative logistics centers in Memphis are in the pipeline.
A panel of experts shared their insights on how the pandemic has affected retail, office, industrial and multifamily real estate, and the effects long after COVID-19 is gone.
A South Carolina real estate investment firm just bought the Southwind area's 817,000-square-foot warehouse that had been used for decades by Nike.
In-Rel Properties said in an email that the East Memphis landmark will change ownership due to the outcome of a legal case.
The YMCA of Memphis & the Midsouth confirmed Saturday that it bought and will use as its resource center a 55,888-square-foot office building in Cordova's Goodlett Farms office park.
With Memphis continuing to attract commercial real estate investments, the city is poised to build on its successes for years to come, local experts say.
Industrial vacancy hit an all-time low of 5.4% in the second quarter in the Memphis area due to strong tenant demand for space, according to the CBRE Marketview report.
Corelle Brands LLC, a manufacturer and marketer of houseware brands such as Pyrex, Chicago Cutlery and Corelle, will open a manufacturing and distribution operation in the Memphis area market.
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