- Thursday, April 15, 2021
- Memphis, TN
In the News - Seefried Industrial Plans Build-to-Suit in Memphis
Seefried Industrial Properties has revealed that it has commenced development of a build-to-suit distribution facility in Memphis, Tenn. The state-of-the-art building will encompass 181,500 square feet and serve as a package delivery center for the tenant, which Seefried describes only as one of the world’s largest e-commerce retailers.
The last-mile logistics project will sprout up on a site at 3140 Victory Ridge Cove and will be utilized to complement a larger fulfillment center roughly a half-mile away on New Allen Road.
BL Cos. is behind the design of the build-to-suit facility, which will ultimately feature such accommodations as 13 trailer spaces, parking for more than 950 delivery vans, in addition to approximately 12,200 square feet of office and break room space. The stand-alone distribution center will allow for access to residents across the Memphis suburbs. According to a fourth-quarter report by CBRE, just under 1.5 million people live within 50 miles of the market core, with an expected growth rate of 1.9 percent over the next five years.
Seefried has brought The Conlan Co. aboard to serve as general contractor for the Memphis project, and expects to complete construction in February 2022.
Media Contact: Barbra Murray / Commercial Property Executive
Posted on Thursday, April 15, 2021
For more information on this development, please contact:
Mr. Greg Herren
Senior Vice President & COO