Major Memphis industrial portfolio sale signals rebound in investor demand
62 Marathon Way is one of the properties in the Provident portfolio. (Courtesy Provident Industrial)
A Dallas-based investor bought a 13-building industrial portfolio with more than 2.5 million square feet in Memphis, possibly signaling the return of institutional investors to the local market.
Provident Industrial, a division of Dallas-based real estate development and investment company Provident Realty Advisors, did not disclose the sales price, but the 11 properties sold for more than $115 million, according to local filings.
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Provident Industrial Link Logistics NAI Saig Co. Brian Califf Hank Martin Subscriber OnlyThank you for reading The Daily Memphian. Your support is critical.
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Andy Ashby
Andy Ashby is a veteran reporter with more than 14 years of journalism experience, including stops at the DeSoto County Tribune, the Daily News, and the Memphis Business Journal. He graduated from the University of Tennessee, where he photographed the 1998 National Championship game.
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