Bartlett looking to fill vacant commercial retail spaces
While owners of the vacant bays aggressively try and market the vacancies, Bartlett officials are trying to come up with a strategy to help with the effort.
There are 9 article(s) tagged NAI Saig Co.:
While owners of the vacant bays aggressively try and market the vacancies, Bartlett officials are trying to come up with a strategy to help with the effort.
Crown World this week followed through with its plans for Memphis after receiving a tax incentive in December. The firm has bought the long-empty office building at 2990 Airways and will establish operations there.
The firm buys a portfolio of seven retail strip centers, including four in the Memphis area.
The industrial real estate firm Faropoint had acquired in 2016 five of the buildings it just sold, and bought the other 23 buildings in 2018. Faropoint still owns a substantial amount of industrial space in Memphis.
Faropoint just bought a 708,000-square-foot warehouse in Marshall County, and now owns 4.6 million square feet of industrial space in the Memphis area.
Southwest Memphis' warehouses may be older and shorter, but a lot of logistics companies like their quick access to interstates and their affordability.
Israel-based Faropoint Ventures has just purchased six more Memphis industrial buildings totaling 545,000 square feet, and is looking for more.
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