Atlanta-based Core5 Industrial Partners announced the completion of its first two inventory buildings in their first development in the greater Memphis Market, DeSoto 55 Logistics Center.
DeSoto 55 Logistics Center is a 175-acre Class-A business park, located in Horn Lake and is less than 10 miles to Memphis International Airport. It will encompass over 2.5 million square feet once fully developed.
This initial phase of the development just completed has included Building A1, a 581,475 square foot cross-dock facility, which is expandable to over one million square feet and Building B, which is a 300,145 square foot rear-load building.
In addition to the completion of the first two buildings, Core5 also signed a pre-lease of 200,000 square feet in Building B to DSV Solutions.
“Located less than two minutes from I-55 via Church Road (Exit 287), the property provides outstanding access and proximity to a large and abundant non-union labor pool,” stated Lisa Ward, Senior Vice President and Managing Director for Core5. “This is an ideal location for both regional and national distribution given its central location, coupled with the pro-business environment of DeSoto County further strengthens the benefits of this location.”
DSV Solutions leased 200,000 square feet in Building B and will begin operations in January 2019. DSV Solutions, a wholly-owned subsidiary of DSV A/S based in Denmark, is a publicly-traded global provider of supply chain solutions to a board set of customers across multiple industries.