{"id":1004302352,"date":"2019-02-22T00:35:23","date_gmt":"2019-02-22T08:35:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004302352"},"modified":"2021-08-20T03:20:47","modified_gmt":"2021-08-20T11:20:47","slug":"fortune-500-firm-industrial-property-2019","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fortune-500-firm-industrial-property-2019\/","title":{"rendered":"Fortune 500 Firm Buys MS Industrial Property"},"content":{"rendered":"<div id=\"attachment_1004302370\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Desoto-55-Logistic-Center.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004302370\" data-attachment-id=\"1004302370\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fortune-500-firm-industrial-property-2019\/desoto-55-logistic-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Desoto-55-Logistic-Center.jpg\" data-orig-size=\"848,636\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Desoto 55 Logistic Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Desoto 55 Logistic Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Desoto-55-Logistic-Center.jpg?w=848\" class=\"wp-image-1004302370 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Desoto-55-Logistic-Center.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Desoto-55-Logistic-Center.jpg 848w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Desoto-55-Logistic-Center.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Desoto-55-Logistic-Center.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004302370\" class=\"wp-caption-text\">Desoto 55 Logistics Center<\/p><\/div>\n<p>Core5 Industrial Partners&nbsp;has sold a 581,475-square-foot&nbsp;industrial property situated within the Desoto 55 Logistics Center, a 173-acre park in Horn Lake, Miss., to a Fortune 500 company.&nbsp;NAI Saig Co. Vice President Elliot Embry represented the buyer in the deal.<\/p>\n<p>Located at 1241 Commerce Drive, the property referred to as Building A is a cross-dock facility and will be utilized by the new owner for its distribution network. The location offers access to the interstate system, a targeted labor pool, the pro-business environment of both DeSoto County and Horn Lake as well as the state of Mississippi. It\u2019s also less than 10 miles from Memphis International Airport.&nbsp;<\/p>\n<p><em>\u201cThe property fit the location for the company\u2019s supply chain requirements, offered state-of-the-art specifications to allow for highly automated material handling equipment and pick modules inside the building, it offered frontage on Highway 51 and easy access to Highway 55. In addition, the labor market is robust with the targeted talent the company was looking to ultimately hire once operational,\u201d<\/em>&nbsp;Lisa Ward, Core5 Industrial Partners\u2019 senior vice president &amp; managing director, told <em>Commercial Property Executive<\/em>.&nbsp;<\/p>\n<h2>The bigger picture<\/h2>\n<p>Phase I of the business park, which was completed in October 2018, included two facilities\u2014Buildings A-1 and B\u2014totaling approximately 900,000 square feet. Both buildings are now fully committed with occupants. The roughly 300,000-square-foot Building B is a rear-load structure that has been fully leased to DSV Solutions, LLC and EPE Industries USA.<\/p>\n<p>In addition to the sale, Core5 announced construction was slated to begin on three additional buildings totaling 1.5 million square feet&nbsp;in the Desoto 55 Logistics Center.&nbsp;At full build-out, the complex will accommodate just under 2.5 million square feet across five buildings.<\/p>\n<p><em>\u201cWe are beginning Phase II, which is the final phase of the business park and will consist of three buildings\u2014Building A-2, a 328,000-square-foot cross-dock to accommodate tenants from 160,000 square feet to 328,000 square feet; Building C, a 317,000-square-foot rear-load to accommodate tenants of 100,000 square feet to 317,000 square feet; and an 860,000-square-foot cross-dock, which can accommodate tenants of 430,000 square feet to 860,000 square feet,\u201d<\/em> Ward said.<\/p>\n<p>Earlier this month, Core5,&nbsp;in a joint venture with Helms Development, sold <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-facilitates-35m-miami-area-industrial-sale\/\">a 224,572-square-foot logistics facility<\/a> at the upcoming South Florida Distribution Center in Pembroke Pines, Fla.&nbsp;Vital Pharmaceuticals paid $35 million&nbsp;for the property.<\/p>\n<p><em>Rendering courtesy of Core5 Industrial Partners<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Core5 Industrial Partners sold a 581,000-square-foot building within Desoto 55 Logistics Center. The developer also revealed plans for the construction of three more buildings in the area.<\/p>\n","protected":false},"author":451,"featured_media":1004302370,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21808,21748,21742],"tags":[33787,35784],"class_list":["post-1004302352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-featured","category-industrial","category-latest","tag-core5-industrial","tag-nai"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Fortune 500 Firm Buys MS Industrial Property - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fortune-500-firm-industrial-property-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fortune 500 Firm Buys MS Industrial Property\" \/>\n<meta property=\"og:description\" content=\"Core5 Industrial Partners sold a 581,000-square-foot building within Desoto 55 Logistics Center. The developer also revealed plans for the construction of three more buildings in the area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fortune-500-firm-industrial-property-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-22T08:35:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-20T11:20:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Desoto-55-Logistic-Center.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"848\" \/>\n\t<meta property=\"og:image:height\" content=\"636\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fortune-500-firm-industrial-property-2019\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fortune-500-firm-industrial-property-2019\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Fortune 500 Firm Buys MS Industrial Property\",\"datePublished\":\"2019-02-22T08:35:23+00:00\",\"dateModified\":\"2021-08-20T11:20:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fortune-500-firm-industrial-property-2019\\\/\"},\"wordCount\":405,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fortune-500-firm-industrial-property-2019\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/02\\\/Desoto-55-Logistic-Center.jpg\",\"keywords\":[\"Core5 Industrial\",\"NAI\"],\"articleSection\":[\"Deals\",\"Development\",\"Featured\",\"Industrial\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fortune-500-firm-industrial-property-2019\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fortune-500-firm-industrial-property-2019\\\/\",\"name\":\"Fortune 500 Firm Buys MS Industrial Property - 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