Bartlett approves industrial land annexation and rezoning
The Bartlett planning commission endorsed annexation of three parcels off Austin Peay Highway, providing a potential industrial development for BlueOval City suppliers.
There are 15 article(s) tagged industrial development:
The Bartlett planning commission endorsed annexation of three parcels off Austin Peay Highway, providing a potential industrial development for BlueOval City suppliers.
Bartlett has announced intentions to annex about 220 acres near Old Brownsville and Austin Peay Highway, providing a potential new industrial site for the suburb.
As part of the payment-in-lieu of taxes application, Campbell Clinic plans to retain 48 jobs and add 22 new jobs. Those positions have a $53,000 annual median wage, but an average wage of $112,732.
New industrial market reports continue to highlight impressive growth, interest throughout greater Memphis region.
According to Cushman & Wakefield/Commercial Advisors, total new direct leasing activity for 2021 topped 19 million square feet.
The same Atlanta-based developer involved in other big industrial developments around Memphis International Airport is facing stiff opposition from residents to its plans to erect a fulfillment center at the Mississippi state line and Tchulahoma Road.
TPA Group of Atlanta wants to convert 72 undeveloped acres near Memphis International into property that can host warehousing, distribution and fulfillment uses.
The 217,000-square-foot, newly renovated warehouse at 4049 Willow Lake sold this week to EK Realty LLC.
Strong industrial real estate activity happened in the Memphis market during April, May and June, in part because of the pandemic, not despite it.
Southwest Memphis' warehouses may be older and shorter, but a lot of logistics companies like their quick access to interstates and their affordability.
Despite the beginnings of what will likely be a pandemic-caused recession, the industrial vacancy rate for the first three months in the Memphis area was 6.5%. That is below the five-year average of 7.8%.
The hot industrial real estate market in the Memphis area just set two records, according to Cushman & Wakefield/Commercial Advisors’ latest quarterly report.
Collierville has seen consistent and steady tax revenue in recent years. Town leaders say it helps alleviate the pressure on property taxes, and they have reason to believe the sales revenue growth will continue.
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.
Millington-Memphis Airport has won a $10 million federal grant to rehab its 8,000-foot runway, which serves FedEx, general and military aviation and a flight training school.
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